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Mr wallace has given his assessment on things like areas so what exactly is the uk signing up to? 0ur reporter nicky schiller has been looking at the trade pact. cptpp is a bit of a mouthful to say. it is the comprehensive and progressive agreement for trans pacific partnership. it is a club of the 11 nations with 500 million people. the countries are australia, brunei, canada, chile, japan, malaysia, mexico, new zealand, peru, singapore and vietnam. together they generate around i3% of the world's income. the pacific trade pact was signed in march 2018. the uk is the first non—founding coun...

Was signed in march 2018. the uk is the first non—founding country to join and is the second biggest economy afterjapan. it takes the value of the new grouping to over $14 trillion, or £11 trillion. the key park for all nations is greater access the key perk for all nations is greater access to each other�*s markets. there was also a pledge to eliminate or reduce 95% of import charges or tariffs. some are kept to protect sensitive domestic areas, things like japan's rice—farming industry. they must cooperate on regulations such as food standards, but unlike the european union, the cptpp...

And also they're calling it something like akin to signing up to a start—up business. it's about the potential. these are fast—growing economies and we are in the ground floor, if you like. our business correspondent, marc ashdown. he talked about the potential for the uk from the trade pact — but what and who is involved. our reporter nicky schiller has more. cptpp is a bit of a mouthful to say. it is the comprehensive and progressive agreement for trans pacific partnership. it is a club of the 11 nations with 500 million people. the countries are australia, brunei, canada, chile, japan...