HANOI, June 23 (VNA) – Japanese Minister Nishimura Yasutoshi, who is in charge of negotiating the Comprehensive and Progressive Agreement on Trans-Pacific Partnership (CPDPP), has welcomed the commitment to be a member of the UK, during an online meeting with the Secretary of State for Foreign Affairs in the UK.
As the country seeks to strengthen its economic presence in the region after leaving the EU, the UK began negotiations on June 22 to join the CPTPP Free Trade Agreement.
Nishimura Yasutoshi quoted the newspaper as saying, “I am ready to expedite the UK registration process to expand the free trade camp.” Japanais Kyoto News, during the meeting.
For its part, Lis Truss, the Indo-Pacific region, offers the UK great opportunities and is a member CPTPP It is expected that exports will increase through tariff preferences for major UK products, including automobiles and whiskey, and that CPTPP will have better access to areas such as legal, financial and professional services.
Through the CPTPP, the UK hopes to establish itself as a global exporter of premium goods and professional services. In addition, the agreement will enable London to expand the trade agreements it has worked with or has already signed with CDTPP member countries.
Several CPTPP members have already signed bilateral trade agreements with the UK, and officials say there are no major obstacles to member negotiations.
Japan is heading the CPTPP Commission this year, the coalition’s decision-making body. He will also chair working groups expected to be set up later this year to discuss tariffs and trade and investment rules in view of London’s planned participation.
The UK It applied in February to join the 11-member CPTPP, which includes Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam. Seven members have approved this to date.
The agreement is designed to reduce economic costs between participating countries, reduce tariffs on agricultural and industrial products, ease investment controls, and strengthen intellectual property protection – VNA