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Britain agrees to join trans-Pacific trade pact

2023-03-31 09:21:51       source:Reuters

March 31, 2023

LONDON/TOKYO, March 31 (Reuters) - Britain on Friday said it had struck a deal to join an 11-country trans-Pacific trade pact which includes Japan and Australia as it looks to deepen ties in the region and build its global trade links after leaving the European Union.

Prime Minister Rishi Sunak said Britain had agreed to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), in a move his office said was the biggest trade deal since Brexit.

"Joining the CPTPP trade bloc puts the UK at the centre of a dynamic and growing group of Pacific economies," Sunak said in a statement, adding the deal demonstrated "the real economic benefits of our post-Brexit freedoms."

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