Britain eyeing TPP once it leaves the EU in March 31, 2019

EU rules state that Britain cannot join any trade deal before it leaves the bloc.

The Financial Times has reported that Britain is interested in joining the Trans-Pacific Partnership trade bloc once it formally leaves the European Union.

Britain has already started informal talks on joining the the trade bloc in a bid to boost its post Brexit economy.

Despite Trump pulling the U.S. out of the TPP, other members have pledged to move ahead and enhance cross-geographical participation.

So far, the TPP has only involved countries around the Pacific Rim including Mexico, Japan and Canada. Greg Hands, the trade body’s junior trade minister stated there was no geographical restriction that would prevent Britain’s participation.

“Nothing is excluded in all of this,” said Hands. “With these kind of plurilateral relationships, there doesn’t have to be any geographical restriction.”

As per EU rules, Britain cannot agree to new trade deals before it leaves the bloc in March 31 2019.

Advertisements


Categories: Creativity, Economy & Finance, Entrepreneurship, Geopolitics, HR & Organization, Regulations & Legal, Strategy, Sustainability

Tags: , , , , , , , , , , ,

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: