George Magnus

Britain’s new trade deal is about more than GDP

(Photo by Dan Kitwood/Getty Images)

With the announcement this week confirming the UK’s accession to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), the British government has concluded its most important trade agreement since leaving the EU. It is joining a modern free trade area (FTA) comprising 11 Pacific Rim countries located in the most dynamic part of the world, measured by GDP growth, and accounting for about 11 per cent of world output.

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