{"id":135136,"date":"2023-11-15T19:19:16","date_gmt":"2023-11-15T19:19:16","guid":{"rendered":"https:\/\/finbestnews.com\/?p=135136"},"modified":"2023-11-15T19:19:16","modified_gmt":"2023-11-15T19:19:16","slug":"badenoch-hails-uks-12-trillion-post-brexit-deal-at-first-cpttp-meeting","status":"publish","type":"post","link":"https:\/\/finbestnews.com\/politics\/badenoch-hails-uks-12-trillion-post-brexit-deal-at-first-cpttp-meeting\/","title":{"rendered":"Badenoch hails UK’s \u00a312 trillion post-Brexit deal at first CPTTP meeting"},"content":{"rendered":"

Badenoch hails CPTPP trade deal<\/h3>\n

Kemi Badenoch attended her first meeting today with members of a bumper Indo-Pacific trade bloc since the UK joined.<\/p>\n

The Business and Trade Secretary met ministers from countries in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) in San Francisco, California.<\/p>\n

Ms Badenoch said ahead of the meeting on Wednesday: \u201cI’m delighted to be here in San Francisco, meeting my CPTPP counterparts and advancing Britain\u2019s rightful place on the world stage.<\/p>\n

\u201cAs CPTPP\u2019s first ever new member, and the only European member, we are linking the UK to some of the world\u2019s most dynamic economies, giving British businesses first-mover advantage in some of the fastest-growing markets in the world, and supporting jobs and economic growth right across the country.\u201d<\/p>\n

It comes after Ms Badenoch signed off UK membership of the major trade bloc in July marking the biggest post-Brexit trade deal to date.<\/p>\n

Britain became the first new country – and first European nation – to be welcomed to the pact since its formation in 2018.<\/p>\n

Other members are Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam.<\/p>\n

The trade bloc is worth \u00a312 trillion in gross domestic product (GDP) with the addition of Britain.<\/p>\n

It comes as Ms Badenoch yesterday signed a trade deal with the US state of Florida.<\/p>\n

The Memorandum of Understanding brings the total number of trade agreements with US states to seven.<\/p>\n