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.


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