Finally a true Brexit success - massive new trade deal will make remainers seethe

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This is the big one, joining a genuine market bigger than the EU worth trillions.

Joining the CPTPP is a big deal. It means that Britain will have new access to markets whose populations are in the hundreds of millions, and whose economies are large, developed and growing.

Britain is on the verge of a new trade deal – a trade deal which many pessimists thought would never come. We are about to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), a group of countries in Asia and Oceania who are already our friends, and could soon become major economic partners. It's something to celebrate proudly.


https://www.express.co.uk/comment/e...trade-deal-CPTPP-trans-pacific-partnership-EU
 
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This is the big one, joining a genuine market bigger than the EU worth trillions.

Joining the CPTPP is a big deal. It means that Britain will have new access to markets whose populations are in the hundreds of millions, and whose economies are large, developed and growing.

Britain is on the verge of a new trade deal – a trade deal which many pessimists thought would never come. We are about to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), a group of countries in Asia and Oceania who are already our friends, and could soon become major economic partners. It's something to celebrate proudly.


https://www.express.co.uk/comment/e...trade-deal-CPTPP-trans-pacific-partnership-EU

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This is the big one, joining a genuine market bigger than the EU worth trillions.

Joining the CPTPP is a big deal. It means that Britain will have new access to markets whose populations are in the hundreds of millions, and whose economies are large, developed and growing.

Britain is on the verge of a new trade deal – a trade deal which many pessimists thought would never come. We are about to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), a group of countries in Asia and Oceania who are already our friends, and could soon become major economic partners. It's something to celebrate proudly.


https://www.express.co.uk/comment/e...trade-deal-CPTPP-trans-pacific-partnership-EU
China is the largest trading partner with the CCTPP. GB is slowly moving away from the US and EU sinking ships.
 
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Big success for Brexit

Migration figures show 90,000 Britons followed through on their ambitions and moved abroad in the past year, up from 66,000 in the lockdown-affected year before. Many more non-British nationals left the country after working or studying in the UK, and they are also on the radar of Britain's competitors.

https://www.thenationalnews.com/wee...00 Britons,the radar of Britain's competitors.
 
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China is the largest trading partner with the CCTPP. GB is slowly moving away from the US and EU sinking ships.

The CPTPP is the survivor to the American exit from the original Trans-Pacific Partnership (TPP) by former U.S. President Donald Trump. They have been to attempting to join but the CCTPP have little derire to allow them to join.
 
The analysts have looked through maggot's claims. No cornucopia, maggot. No light at the end of the Brexit sewage pipe.

The outcome is the possibility of a 0.08% increase in trade over ten years- which doesn't come close to repairing the 4% loss due to leaving Europe.
Meanwhile, the Brits must suffer the ignominies of GM food, hormone-injected meats and all and every other scurrilous reduction in their food standards that the capitalist producers can get away with.
No fanfares for the likes of you, maggot. Just more pressure piled upon suffering Brits.

Why then would the Brits want to join ? The answer offered is that the current rulers of the trade bloc want another vote to ban China's entry to it should the Chinese apply in the future.
As usual, Brits are being sold out to please the Tories foreign masters.

0.08% over ten years. Maybe. Well done, Bozo.

th
 
The analysts have looked through maggot's claims. No cornucopia, maggot. No light at the end of the Brexit sewage pipe.

The outcome is the possibility of a 0.08% increase in trade over ten years- which doesn't come close to repairing the 4% loss due to leaving Europe.
Meanwhile, the Brits must suffer the ignominies of GM food, hormone-injected meats and all and every other scurrilous reduction in their food standards that the capitalist producers can get away with.
No fanfares for the likes of you, maggot. Just more pressure piled upon suffering Brits.

Why then would the Brits want to join ? The answer offered is that the current rulers of the trade bloc want another vote to ban China's entry to it should the Chinese apply in the future.
As usual, Brits are being sold out to please the Tories foreign masters.

0.08% over ten years. Maybe. Well done, Bozo.

th

You're so fucking predictable, you just pull figures out of your arse. Fortunately Nikkei Asia is more plugged in to the facts.

U.K. has much to offer as a CPTPP member
Accession will give the group global influence to shape rules of trade

Natalie Black is His Majesty's Trade Commissioner for Asia Pacific. Graham Zebedee is chief U.K. negotiator for accession to the Comprehensive and Progressive Trans-Pacific Partnership.

The global economy is facing multiple headwinds as it builds back from the pandemic and the world pushes back against Russia's illegal invasion of Ukraine and tackles climate change.

Global cooperation is vital to tackle these challenges, and international trade has a crucial role to play in providing stability, prosperity and growth.


This year, the Indo-Pacific region has an opportunity to cement deeper multilateral relations and strengthen international trade as the U.K. aims to complete negotiations to accede to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership.

The U.K. is a major investor in economies across this region, and CPTPP accession will build even closer ties for the years ahead.

As of 2021, the stock of investment from the U.K. in CPTPP members reached 117.3 billion pounds (then equivalent to $161.4 billion). That figure included over 43 billion pounds invested in financial services and over 7 billion pounds put into professional, technical and scientific services.

If the 11 members of the CPTPP are considered together, the bloc ranks as the fourth-highest recipient of foreign direct investment from the U.K. It can only be expected to rise further after U.K. accession to the group.

U.K. membership will take the CPTPP from a Pacific agreement to a truly global one, with influence to shape and defend the rules of international trade. The GDP of the CPTPP will grow from 9 trillion pounds to 11 trillion pounds, or from 12.2% of global gross domestic product to 15.4%.

With a market of 67 million consumers and the world's sixth-largest economy, the U.K. will be the second-biggest member of the bloc and an attractive market for other CPTPP participants.

Yet membership is about more than just economic heft. Accession will help countries across the region to diversify their supply chains and seek new market opportunities to build stronger economic resilience. U.K. membership will help businesses trade more easily across borders and will help make critical supply chains more open and predictable.

The nature and distribution of global power is changing as we move toward a more volatile, uncertain, complex and ambiguous world. We hope, through our accession to the CPTPP, to help reinforce parts of the international architecture that are under threat from unfair trading practices.

The U.K. will be a strong voice on the global stage, making the case for our shared values, high standards and closer partnerships.


https://asia.nikkei.com/Opinion/U.K.-has-much-to-offer-as-a-CPTPP-member
 
The CPTPP is the survivor to the American exit from the original Trans-Pacific Partnership (TPP) by former U.S. President Donald Trump. They have been to attempting to join but the CCTPP have little derire to allow them to join.
TPP was intended to isolate China from the rest of the trading world. The irony is China is the biggest player in the trading world. China may not be a member of CCTPP but every country is dependent on China trade.
 
TPP was intended to isolate China from the rest of the trading world. The irony is China is the biggest player in the trading world. China may not be a member of CCTPP but every country is dependent on China trade.

The whole idea is to shut out the Chinese as much as possible and create an independent trading bloc.

U.K. accepted as 12th member of CPTPP trade bloc
Group aims to finalize first nonfounding member's accession in July

KENTARO IWAMOTO, Nikkei staff writer
March 31, 2023 09:56 JST
Updated on March 31, 2023 11:28 JST
TOKYO -- Trade officials from the 11 member countries of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership on Friday agreed on the U.K.'s entry, a milestone that will expand the Asia-Pacific bloc's coverage to the edge of Europe.

"They welcomed the substantial conclusion of the negotiations for the accession of the U.K. to the CPTPP," according to a joint ministerial statement released after the online meeting, where Britain was also present.

The CPTPP is a broad agreement that removes trade tariffs between member countries and sets rules on matters such as cross-border investment, e-commerce, intellectual property, state-owned enterprises and labor. The U.K. will be the bloc's first non-founding member since its launch in 2018.

"The Accession Working Group and the U.K. confirmed the means by which the U.K. will comply with the existing rules contained in the CPTPP," the statement said. "The AWG also confirmed that the U.K. has provided commercially meaningful market access offers of the highest standard on goods, services, investment, financial services, government procurement, state-owned enterprises and temporary entry for business persons."

The members -- Japan, Singapore, Malaysia, Vietnam, Brunei, Australia, New Zealand, Canada, Mexico, Peru and Chile -- and the U.K. aim to formally sign a deal at a ministerial meeting in July.

Ministers and representatives from the members on Friday said the working group will cooperate with the U.K. "to prepare and verify the legal instrument of accession, aiming at finalizing the process in a timely manner."

The U.K. applied for membership in 2021 as part of its expanded engagement in the Indo-Pacific region, after its exit from the European Union.

https://asia.nikkei.com/Opinion/U.K.-has-much-to-offer-as-a-CPTPP-member
 
Your 'deal ' has filtered down to the Joe in the street, maggot.

All in all- you appear to be fucked;

‘Take back control’? With this Pacific trade deal, Brexit Britain has just signed it away

What a surprise. This shambolic apology for a government has sold us down the river yet again. Look forward to palm oil related deforestation, steroid fed beef and the prospect of being sued by multinationals if we dare to do anything to prevent global warming. They really are a disgrace.

https://www.theguardian.com/comment...F4PqSIDcbfXga_jikmPnlUc7f9ws7DWDMW-C9_EUZaHiU


Haw, haw.......................................haw.
 
The whole idea is to shut out the Chinese as much as possible and create an independent trading bloc.

U.K. accepted as 12th member of CPTPP trade bloc
Group aims to finalize first nonfounding member's accession in July

KENTARO IWAMOTO, Nikkei staff writer
March 31, 2023 09:56 JST
Updated on March 31, 2023 11:28 JST
TOKYO -- Trade officials from the 11 member countries of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership on Friday agreed on the U.K.'s entry, a milestone that will expand the Asia-Pacific bloc's coverage to the edge of Europe.

"They welcomed the substantial conclusion of the negotiations for the accession of the U.K. to the CPTPP," according to a joint ministerial statement released after the online meeting, where Britain was also present.

The CPTPP is a broad agreement that removes trade tariffs between member countries and sets rules on matters such as cross-border investment, e-commerce, intellectual property, state-owned enterprises and labor. The U.K. will be the bloc's first non-founding member since its launch in 2018.

"The Accession Working Group and the U.K. confirmed the means by which the U.K. will comply with the existing rules contained in the CPTPP," the statement said. "The AWG also confirmed that the U.K. has provided commercially meaningful market access offers of the highest standard on goods, services, investment, financial services, government procurement, state-owned enterprises and temporary entry for business persons."

The members -- Japan, Singapore, Malaysia, Vietnam, Brunei, Australia, New Zealand, Canada, Mexico, Peru and Chile -- and the U.K. aim to formally sign a deal at a ministerial meeting in July.

Ministers and representatives from the members on Friday said the working group will cooperate with the U.K. "to prepare and verify the legal instrument of accession, aiming at finalizing the process in a timely manner."

The U.K. applied for membership in 2021 as part of its expanded engagement in the Indo-Pacific region, after its exit from the European Union.

https://asia.nikkei.com/Opinion/U.K.-has-much-to-offer-as-a-CPTPP-member
This is what happens when we shut out China.

MarketWatch
Natural gas was among those posting the largest losses, with U.S. prices for the commodity losing around half its value in the first quarter, and touching their lowest level in more than two years earlier this month.
 
.

This is the big one, joining a genuine market bigger than the EU worth trillions.

Joining the CPTPP is a big deal. It means that Britain will have new access to markets whose populations are in the hundreds of millions, and whose economies are large, developed and growing.

Britain is on the verge of a new trade deal – a trade deal which many pessimists thought would never come. We are about to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), a group of countries in Asia and Oceania who are already our friends, and could soon become major economic partners. It's something to celebrate proudly.


https://www.express.co.uk/comment/e...trade-deal-CPTPP-trans-pacific-partnership-EU

The UK, like the US, seems to be approaching the irredeemable level of hopelessness.

The EU still has a shot if they can figure out the towelhead problem.
 
This is a truly brilliant blog!

Both the Rejoin and SNP arguments have been destroyed

The SNP argument has always depended on the idea that it is undemocratic if Scotland votes to Remain in the EU, but the UK as a whole votes to Leave. It is the same argument when the UK as a whole votes for a Tory Government, but Scotland votes Labour or the SNP.

Of course, there is nothing undemocratic in a part of a democracy voting differently to the whole. The only way to prevent this is to have a one-party state where there were no “undemocratic” alternatives to vote for. Perhaps this would be an independent Scotland where every part would be so in love with Mr Yousaf that they would get down on their knees and pray that he become lifetime president.

It's only on the assumption that Scotland is already independent that it is unfair that Scotland left the EU because the whole of the UK voted to leave. After all Scotland didn’t really leave the EU. It was never a member. If it joined the EU, it joined when the UK as a whole joined.

For the same reason Scotland is not about to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). Only sovereign nation states can have international trade agreements. Parts of nation states cannot. This is why if Scotland became independent Aberdeenshire could not apply to join the United Nations and nor at the moment can Scotland.

There was a lot of anger however in Scotland about the UK leaving the EU. There is little doubt that this contributed to some of the SNP’s support since 2016. But it was Brexit that destroyed the SNP’s argument. It is a double-edged sword that initially could be used by Mr Yousaf as that enormous sword wielded by William Wallace or was it Robert the Bruce. It would cut off Tory heads indefinitely until suddenly Scots began to realise the consequence of Brexit for Scottish independence and that it destroyed their argument.

On the first day of independence. Scotland might decide to join the EU. But in the beginning God said let there be no trading relationship either with the UK, the EU or CPTPP. Only sovereign nation states can have trade agreements or apply for membership of international organisations. So, Scotland asks the EU to join. But membership of the EU is incompatible with CPTPP membership, because the EU has a Common External Tariff and does not allow member states to pursue their own independent trade agreements.

In order to apply to join the EU Scotland has to agree to Schengen and the Euro (unless it can obtain an opt out, because of the persuasive talents of Mr Yousaf). It also has to apply the Common External Tariff to goods and services from the former UK. But we know from the deposit return scheme that the response of many UK manufacturers of bottles to Scotland asking them to make new labels is simply not to bother trading with Scotland. So how would former UK suppliers react to a regulatory border between Berwick and Gretna asking them to fill in forms and pay taxes to send their goods to Scotland? My guess is that some wouldn’t bother also. They already would have an internal market more than ten times that of Scotland. Who needs the hassle?

Now of course none of these things might happen. The former UK might in response to Scottish independence choose either to rejoin the EU or else the Single Market and Customs Union. After all that would be helpful to Scotland. But it would mean giving up the CPTPP, so then again.

So, despite Mr Yousaf’s Ministry for Independence, which sounds awfully like the Ministry for the SNP, he has a problem. The SNP’s fundamentalist wing led by Ash Regan (or rather Wings and Alex Salmond) was humiliated in the leadership vote. So, we are not going to turn any elections into de facto referendums or plebiscites. Mr Yousaf may be going into fifth gear, but he knows that independence is a long-term project.

But in the long-term Scotland is going to have all sorts of new trade agreements like CPTPP. Our businesses will get used to trading freely with what Remainers have been calling small nations like Japan, Australia, and Canada. Eventually there may be a free trade agreement with the USA. But the minute Scotland became an independent state it would cease to have any of these trade agreements. After all Scotland would not have made them. Even if Scotland chose to join EFTA it would have to ask the EU if a trade agreement with CPTPP or the USA were compatible with membership of the Single Market.

The CPTPP is fundamentally different from the EU. There is no political project. We thought in the 1970s that we were joining a common market, but we were really joining the beginning of a new state called Europe.

The CPTPP does not require free movement of people, it does not charge a membership fee to trade freely with its members, it does not have a parliament, nor a president, nor does it make rules that supersede those made by sovereign parliaments, it does not have a single currency and it says nothing whatsoever about Britain’s relationship with Northern Ireland. All it does is offer free trade and offers it for free.

But this is the problem for Mr Yousaf. The SNP is a sovereigntist party. It is trying to establish Scottish sovereignty. It was always an uncomfortable fit that it should immediately wish to share that sovereignty with the EU in such a way that the EU had suzerainty. EU law is supreme, member states are subordinate to the EU. If that is the case now and it certainly is, it will become still clearer in the years ahead.

This was my logic for voting to leave the EU that otherwise had many economic advantages. If you don’t want to be a region in a United States of Europe, vote to leave it, because you will never get another chance. Quite soon it will be practically impossible to leave the EU. Look how they negotiated with Britain and almost kept us in.

But this means that Mr Yousaf will have to use his talent at argument to persuade Scots not only to give up trade agreements like CPTPP which would have no affect on Scotland’s sovereignty if it were independent, but instead to choose a trade agreement with the EU which immediately abrogates the independence Scotland would have just won.

Every trade agreement the UK makes takes us further away from the EU’s political model of trade and makes it harder for the SNP to argue for the trade benefits of EU membership, not least because of the consequences of EU membership for Scotland’s relationship with the former UK.

If CPTPP destroys the Rejoin argument. It does. It also destroys the argument for Scottish independence.

https://t.co/4yDkzyEIqU
 
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This is the big one, joining a genuine market bigger than the EU worth trillions.

Joining the CPTPP is a big deal. It means that Britain will have new access to markets whose populations are in the hundreds of millions, and whose economies are large, developed and growing.

Britain is on the verge of a new trade deal – a trade deal which many pessimists thought would never come. We are about to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), a group of countries in Asia and Oceania who are already our friends, and could soon become major economic partners. It's something to celebrate proudly.


https://www.express.co.uk/comment/e...trade-deal-CPTPP-trans-pacific-partnership-EU

So the biggest success for the UK, is something that trump threw away for the USA? Actually, you might be correct. trump should have never obeyed his Chinese masters and withdrew us from the TPP.

I hope the UK does get to join. They are set to join, but have not yet. That being said, you are completely wrong in claiming that the TPP in the Pacific can replace the EU next door to Britain.
 
maggot;
Finally a true Brexit success

'Success ', eh .. Show me your idea of failure, maggot.


UK to be one of worst performing economies this year, predicts IMF

_129331434_supermarket-gettyimages-1002108096.jpg.webp


The UK is set to be one of the worst performing major economies in the world this year, according to a forecast.

The International Monetary Fund (IMF) says the UK economy's performance in 2023 will be the worst among the 20 biggest economies, known as the G20, which includes sanctions-hit Russia.

https://www.bbc.co.uk/news/business-65240749



Haw, haw................................haw.
 
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