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Ladybbird · 16-07-23, 06:13

INDO PACIFIC TRADE DEAL: Great Victory as Global Britain Signs Historic £12 TRILLION Trade Deal...

Couldn't Be Done in EU -UK Formally Agrees to Join Major Indo-Pacific Trade Bloc, Marking Largest Post-Brexit Deal

Pacific Trade Deal Progresses With Canada and WITHOUT US as TRUMP Had Called it a "Horrible Deal"

BBC NEWS 16 JULY 2023

Britain clinched a HUGE Brexit breakthrough early today with the signing of a historic treaty to join a £12trillion international trade bloc.

Business Secretary Kemi Badenoch said it placed us at the “top table” of the Indo-Pacific group and hailed the step as the “clearest demonstration” yet of our new-found freedom outside the EU.

The deal will open major new markets for UK goods from cars and textiles to whisky, cheese, beef and lamb – and could mean lower prices for everything from coffee and kiwi fruit to clothing and electronics.

And unlike the EU, there is no requirement to surrender British sovereignty or be governed by judges sitting in a foreign land.

Economists have described membership of the 12-country bloc as a “massive global event”.

Champions of the deal expect it to “turbocharge investment in the UK”.

Almost all goods exported to this market of more than 500 million people will be eligible for zero tariffs. The bloc accounts for 15 percent of global GDP.

The Comprehensive and Progressive Agreement for Trans-Pacific Partnership is seen as a “gateway” to the Indo-Pacific.

The Government expects this giant region will “account for the majority of global growth” in the decades to come.

Joining CPTPP means that Britain will enjoy a free trade agreement with Malaysia for the first time, opening up an economy worth £330billion.

In a boost for Britains’ car industry, tariffs of 30 percent will be eliminated within seven years – and tariffs of around 80 percent on UK exports of whisky to Malaysia will be gone within a decade.

Dairy farmers will benefit from reduced tariffs on cheese and *butter they sell to Canada, Chile, Japan and Mexico.

As well as helping UK firms to trade with emerging economic powerhouses, membership of the CPTPP should also benefit shoppers on Britain’s high streets.

Reduced tariffs should result in lower prices for fruit juices from Peru and Chile, as well as for Mexican chocolate and honey.

The CPTPP is expected to expand to include other dynamic economies, with South Korea and Thailand tipped as likely members.

Foreign policy experts say joining the bloc offers the chance to shape the future of global trade.

Ms Badenoch said the UK has “got in early doors”.

Former International Trade Secretary Liam Fox said: “The signing of this agreement is more than just a statement about Britain’s independent trade policy post-Brexit.

“It’s a sign that we understand the connectivity between trade and security in a complex and dangerous world.”

Marco Forgione, director-*general for the Institute of Export & International Trade, said: “Manufacturers in the Midlands and Yorkshire will benefit from more integrated supply chains, bringing in car parts from Mexico and critical minerals from Japan, shipping the finished products across the globe.

“Brewers and distillers across the UK will be able to ship high-quality beers, wines and spirits tariff-free.

“We can fly the flag for brand Britain with our desirable fashion lines. Clotted cream from Cornwall, shortbread from Scotland and, of course, delicious Welsh cakes will be readily available to a new audience.”

Joining what was once known as the Trans-Pacific Partnership has been a long-held dream in Brexit**eer circles.

The challenge now is to make the most of the new opportunities.

Shanker Singham, a trade and competition fellow with the Institute of Economic Affairs, wants Britain to get rid of the red tape and high energy costs that make businesses less competitive. He said: “Acceding to the CPTPP is a massive global event and a huge opportunity for the UK.

“But to take full advantage of it, the UK must improve its domestic regulatory environment and eliminate some internal distortions that make its firms less competitive.

“Some of this includes the high cost of energy and cost of capital.

“Lower these costs and firms can take advantage of the world’s fastest-growing region – to the benefit of the UK and its people.”

TPP in a Nutshell - An Asia-Pacific Trade Pact That TRUMP Ditched

Twelve countries that border the Pacific Ocean signed up to the TPP in February 2016, representing roughly 40% of the world's economic output.

Membership of the trade group – established in 2018 and including Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam – is expected to bolster that investment relationship.

TRUMP Had Called it a "Horrible Deal"... DUH!

Small Brain of Donald Trump

16-07-23, 06:13	#1
Ladybbird Join Date: Feb 2011 Posts: 47,657 Thanks: 27,646 Thanked 14,458 Times in 10,262 Posts Awards Showcase Total Awards: 8	INDO PACIFIC 12 Members Trade Deal: Britain Signs Historic £12 TRIL Deal W.O.US INDO PACIFIC TRADE DEAL: Great Victory as Global Britain Signs Historic £12 TRILLION Trade Deal... Couldn't Be Done in EU -UK Formally Agrees to Join Major Indo-Pacific Trade Bloc, Marking Largest Post-Brexit Deal Pacific Trade Deal Progresses With Canada and WITHOUT US as TRUMP Had Called it a "Horrible Deal" BBC NEWS 16 JULY 2023 Britain clinched a HUGE Brexit breakthrough early today with the signing of a historic treaty to join a £12trillion international trade bloc. Business Secretary Kemi Badenoch said it placed us at the “top table” of the Indo-Pacific group and hailed the step as the “clearest demonstration” yet of our new-found freedom outside the EU. The deal will open major new markets for UK goods from cars and textiles to whisky, cheese, beef and lamb – and could mean lower prices for everything from coffee and kiwi fruit to clothing and electronics. And unlike the EU, there is no requirement to surrender British sovereignty or be governed by judges sitting in a foreign land. Economists have described membership of the 12-country bloc as a “massive global event”. Champions of the deal expect it to “turbocharge investment in the UK”. Almost all goods exported to this market of more than 500 million people will be eligible for zero tariffs. The bloc accounts for 15 percent of global GDP. The Comprehensive and Progressive Agreement for Trans-Pacific Partnership is seen as a “gateway” to the Indo-Pacific. The Government expects this giant region will “account for the majority of global growth” in the decades to come. Joining CPTPP means that Britain will enjoy a free trade agreement with Malaysia for the first time, opening up an economy worth £330billion. In a boost for Britains’ car industry, tariffs of 30 percent will be eliminated within seven years – and tariffs of around 80 percent on UK exports of whisky to Malaysia will be gone within a decade. Dairy farmers will benefit from reduced tariffs on cheese and butter they sell to Canada, Chile, Japan and Mexico. As well as helping UK firms to trade with emerging economic powerhouses, membership of the CPTPP should also benefit shoppers on Britain’s high streets. Reduced tariffs should result in lower prices for fruit juices from Peru and Chile, as well as for Mexican chocolate and honey. The CPTPP is expected to expand to include other dynamic economies, with South Korea and Thailand tipped as likely members. Foreign policy experts say joining the bloc offers the chance to shape the future of global trade. Ms Badenoch said the UK has “got in early doors”.* Former International Trade Secretary Liam Fox said: “The signing of this agreement is more than just a statement about Britain’s independent trade policy post-Brexit. “It’s a sign that we understand the connectivity between trade and security in a complex and dangerous world.” Marco Forgione, director-general for the Institute of Export & International Trade, said: “Manufacturers in the Midlands and Yorkshire will benefit from more integrated supply chains, bringing in car parts from Mexico and critical minerals from Japan, shipping the finished products across the globe. “Brewers and distillers across the UK will be able to ship high-quality beers, wines and spirits tariff-free. “We can fly the flag for brand Britain with our desirable fashion lines. Clotted cream from Cornwall, shortbread from Scotland and, of course, delicious Welsh cakes will be readily available to a new audience.” Joining what was once known as the Trans-Pacific Partnership has been a long-held dream in Brexiteer circles. The challenge now is to make the most of the new opportunities. Shanker Singham, a trade and competition fellow with the Institute of Economic Affairs, wants Britain to get rid of the red tape and high energy costs that make businesses less competitive. He said: “Acceding to the CPTPP is a massive global event and a huge opportunity for the UK. “But to take full advantage of it, the UK must improve its domestic regulatory environment and eliminate some internal distortions that make its firms less competitive. “Some of this includes the high cost of energy and cost of capital. “Lower these costs and firms can take advantage of the world’s fastest-growing region – to the benefit of the UK and its people.” TPP in a Nutshell - An Asia-Pacific Trade Pact That TRUMP Ditched Twelve countries that border the Pacific Ocean signed up to the TPP in February 2016, representing roughly 40% of the world's economic output. Membership of the trade group – established in 2018 and including Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam – is expected to bolster that investment relationship. TRUMP Had Called it a "Horrible Deal"... DUH!* Small Brain of Donald Trump __________________ PUTIN TRUMP & Netanyahu Will Meet in HELL ..................*SHARKS are Closing in on TRUMP*.......................... *TRUMP WARNS; 'There'll Be a Bloodbath* If I Don't Get Elected'..MAGA - MyAssGotArrested...IT's COMING** PLEASE HELP THIS SITE..Click DONATE & Thanks to ALL Members of ... 1.. THIS SITE IS MORE THAN JUST WAREZ...& TO STOP SPAM-IF YOU WANT TO POST, YOUR FIRST POST MUST BE IN WELCOMES

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