Jump to content

UK secures Vietnam backing to join Trans-Pacific trading group, Raab says


Recommended Posts

UK secures Vietnam backing to join Trans-Pacific trading group, Raab says

 

2020-09-30T092458Z_1_LYNXMPEG8T133_RTROPTP_4_VIETNAM-BRITAIN.JPG

British Foreign Secretary Dominic Raab meets his Vietnamese counterpart Pham Binh Minh at the Government Guesthouse in Hanoi, Vietnam September 30, 2020. REUTERS/Kham

 

LONDON (Reuters) - Foreign Secretary Dominic Raab said on Wednesday Britain had secured Vietnam's public support for it to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).

 

"This is a significant step in taking the UK-Vietnam economic relationship to the next level, and demonstrating the UK's commitment and value to the region," Raab said on Twitter.

 

The CPTPP is a free trade agreement that links Canada, Australia, Brunei, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam.

 

reuters_logo.jpg

-- © Copyright Reuters 2020-09-30
 
  • Like 2
Link to post
Share on other sites
2 minutes ago, Promula said:

Sarcasm?

 

It's a great idea - joining trading groups that don't subsequently try to gain political and legal control over you.

No!

It is so you get control over them!

  • Like 1
  • Confused 1
Link to post
Share on other sites
4 hours ago, Promula said:

Sarcasm?

 

It's a great idea - joining trading groups that don't subsequently try to gain political and legal control over you.

 

We had that, it was called the EEC.

 

  • Like 2
  • Sad 1
Link to post
Share on other sites
11 hours ago, fangless said:

That will really worry the EU!

Along with the other FTAs the UK will be joining, it should. As long as Johnson holds his nerve, we're well shut of the EU.

Link to post
Share on other sites

Does this mean trade will have to travel across the Pacific? (You know, "trans Pacific" thingy). Might be shorter to use Suez canal....

Does show some bulbs are lit in UK gov, unlike dear Donald who pulled US out of TPP ASAP. And then whinges about growing Chinese influence....

  • Like 1
Link to post
Share on other sites
14 minutes ago, Emdog said:

Does this mean trade will have to travel across the Pacific? (You know, "trans Pacific" thingy). Might be shorter to use Suez canal....

Does show some bulbs are lit in UK gov, unlike dear Donald who pulled US out of TPP ASAP. And then whinges about growing Chinese influence....

Most of the UK's trade is services can travel down wires.

Link to post
Share on other sites

So in which particular part of the Pacific are the British government aiming to reposition the British isles?

 

While one can often make good arguments in favour of free trade in all directions (The more the merrier), it's not obvious to me that Britain joining the TPP is really a great idea - certainly at this stage - for the other members who are still in the process of ratification. When you're trying to encourage a whole bunch of countries at different stages of development & with very different cultural attitudes towards trade, honest dealing & openness, allowing a large & selfish country like the UK to stagger into the room is not necessarily a positive for anyone, even the Brits.

  • Like 1
Link to post
Share on other sites

It doesn’t matter if Thailand joins, there is no discount to consumers.  The government, middlemen and scammers siphon off the savings of the average consumer.  The imported products remain at the same price.  Into the pockets like everything else.

Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • Recently Browsing   0 members

    No registered users viewing this page.

×
×
  • Create New...