Britain interested in joining Trans-Pacific trade deal after Brexit: FT

Image
Reuters LONDON
Last Updated : Jan 03 2018 | 1:36 PM IST

LONDON (Reuters) - Britain is interested in joining the Trans-Pacific Partnership trade bloc after it leaves the European Union, the Financial Times newspaper said.

The FT said that Britain had started informal talks about joining the bloc in a bid to boost post-Brexit exports. Although the United States pulled out of the talks to form the bloc nearly a year ago, other TPP countries have pledged to move forward with plans for a trade group.

The TPP has so far involved only countries around the Pacific Rim such as Japan, Canada and Mexico. However, junior trade minister Greg Hands said there was no geographical restriction that would prevent Britain's participation.

"Nothing is excluded in all of this," he told the Financial Times. "With these kind of plurilateral relationships, there doesn't have to be any geographical restriction."

EU rules state that Britain cannot agree new trade deals before it leaves the bloc in March 2019. The newspaper quoted an official from a TPP country as saying it was "way too soon" to discuss UK accession before a Brexit deal.

(Reporting by Alistair Smout; editing by Guy Faulconbridge)

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jan 03 2018 | 1:25 PM IST

Next Story