The country will become the first new member, and the first in Europe, to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership since it came into force in 2018. British Prime Minister Rishi Sunak announced the move early Friday, hailing it as a historic move that could help lift economic growth in the country by £1.8 billion in the long run. “The bloc is home to more 500 million people and will be worth 15% of global GDP once the UK joins,” Sunak’s office said.
9 million worth of products such as cheese and butter to Canada, Chile, Japan and Mexico last year, and were set to “benefit from lower tariffs,” it added. The deal also aims to lift red tape for British businesses, which will no longer be required to set up local offices or be residents of the pact’s member countries to provide services there. Services made up a huge chunk — 43% — of overall UK trade with CPTPP members last year, according to Sunak’s office.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
brothermanshaft We already had deals with most of those countries, rolled over from the EU!
BBCNews reports, correctly, that UK accession to CPTPP will boost UK long-term GDP by 0.08%. This cannot hope to offset the 4% damage to GDP BecauseOfBrexit. Objectively, BrexitHasFailed. The UK ended the best deal it had anywhere - EU Membership - for nothing. RejoinEU
Splendid. So much more convenient than joining the trade-block next door
This trade agreement's the most important one since the Brexit. The CPTPP, which came into force in 2018, is a free trade agreement with 11 members. Over 99% of UK exports to these 11 countries will benefit from tariff-free trade in the face of China's growing economic influence!
So after reclaiming sovereignty with brexit, which required a referendum, they go and gift their sovereignty to transnational corporations, without as much as a debate in parliament.
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
UBS brings back Sergio Ermotti as CEO after Credit Suisse rescue | CNN BusinessUBS is bringing back its former chief executive, Sergio Ermotti, effective April 5, to steer the group through its unplanned takeover of rival Credit Suisse.
Source: cnni - 🏆 326. / 59 Read more »
300 million jobs could be affected by latest wave of AI, says Goldman Sachs | CNN BusinessAs many as 300 million full-time jobs around the world could be automated in some way by the newest wave of artificial intelligence that has spawned platforms like ChatGPT, according to Goldman Sachs economists. Check out my Gig on Fiverr: I will make unique line art coloring book page for kids and adults Just don't trust its 'facts'. It can't tell propaganda and facts apart and will tell you either at random. The truth is we don't need most of this jobs. They should be eliminated long time ago but since it is unlimited printing mode then everyone pretends to go to 'work' and put papers from left to right.
Source: cnni - 🏆 326. / 59 Read more »
This is why SVB imploded, says top Fed official | CNN BusinessSilicon Valley Bank imploded due to mismanagement and a sudden panic among depositors, a top Federal Reserve official plans to tell lawmakers at a hearing on Tuesday. Why sales those 10 years yield with cheap prices but not return to the money saving individual? Mismanagement from the federal reserve of the US ECONOMY. domino effect already started . RIP US DOLLAR. Hello Digital Dollar 👋
Source: CNN - 🏆 4. / 95 Read more »
Adidas does rapid U-turn in Black Lives Matter logo dispute | CNN BusinessAdidas is backpedaling fast over its latest attempt to protect its iconic three-stripe mark. I think they should stuck with the challenge to protect their logo adidas had before black lives matter did Blm is a fake organization that robbed a lot of Americans of money and never gave it to the community how dare Adidas think it can challenge the leaver of cultural power of an organisation like blm, they will drop to their knees and plead for mercy to blm org
Source: cnni - 🏆 326. / 59 Read more »
Credit Suisse is still helping ultra-wealthy Americans evade taxes, Senate panel says | CNN BusinessCredit Suisse is complicit in ongoing tax evasion by ultra-wealthy Americans, including a potentially criminal conspiracy involving the failure to disclose nearly $100 million in secret offshore accounts held by a single family, a Senate investigation released Wednesday finds. money laundering used to be a federal crime smh «Credit Suisse es cómplice de la evasión de impuestos en curso por parte de estadounidenses ultra ricos -millonesnde cuentas ocultas-». 'Ultraricos' More faux outrage.
Source: cnni - 🏆 326. / 59 Read more »