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the uk has struck a deal to join a trans—pacific trade pact consisting of 11 countries. together — australia, brunei, canada, chile, japan, malaysia, mexico, new zealand, peru, singapore and vietnam — account for 13% of global gdp. the pact — called the comprehensive progressive agreement for trans—pacific partnership — aims to cut or reduce 95% of import charges or tariffs. but some will be retained to protect sensitive domestic areas. the initial gains for britain will only be marginal, as it already has free trade deals with 9 of the 11 countries involved, and the gove...

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