Advertisement
UK markets open in 6 hours 29 minutes
  • NIKKEI 225

    37,537.33
    -542.37 (-1.42%)
     
  • HANG SENG

    16,385.87
    +134.03 (+0.82%)
     
  • CRUDE OIL

    82.52
    -0.21 (-0.25%)
     
  • GOLD FUTURES

    2,388.90
    -9.10 (-0.38%)
     
  • DOW

    37,775.38
    +22.07 (+0.06%)
     
  • Bitcoin GBP

    50,685.10
    +1,470.39 (+2.99%)
     
  • CMC Crypto 200

    1,302.00
    +416.46 (+46.53%)
     
  • NASDAQ Composite

    15,601.50
    -81.87 (-0.52%)
     
  • UK FTSE All Share

    4,290.02
    +17.00 (+0.40%)
     

First meeting for UK's CPTPP inclusion to be held in a month, Japan minister says

FILE PHOTO: School children wave flags as a cruise boat carrying Britain's Prince William, Duke of Cambridge, arrives at the Hama Rikyu gardens in Tokyo

By Daniel Leussink and Kantaro Komiya

TOKYO (Reuters) - Member countries of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) agreed to hold within a month a first meeting with Britain to discuss its inclusion in the trade deal, Japan's economy minister said on Wednesday.

The trade pact removes 95% of tariffs between its members: Japan, Canada, Australia, Vietnam, New Zealand, Singapore, Mexico, Peru, Brunei, Chile and Malaysia.

"It was agreed between member countries to hold it (the meeting) in about a month," Economy Minister Yasutoshi Nishimura told reporters after hosting a virtual meeting of the 11 member nations.

ADVERTISEMENT

Japan, as the trade pact's chair this year, will work to hold the working group meeting - which will allow Britain to demonstrate its compliance with the deal's obligations - before the end of the month, Nishimura said.

"I believe that the importance of Britain as a strategic partner and the expansion of the high-level rules beyond the Asia-Pacific are extremely significant," Nishimura added.

Britain in June began negotiations to join the trans-Pacific trade deal, which it sees as key to its post-Brexit pivot away from Europe and towards geographically more distant but faster-growing economies.

(Reporting by Daniel Leussink and Kantaro Komiya. Editing by Gerry Doyle)