UK to Join Indo-Pacific Trade Bloc in Major Post-Brexit Pact (2)

The UK will join an 11-nation Indo-Pacific free-trade bloc, becoming the first new member since its creation, in a bid to strengthen economic ties with new partners following divorce from the European Union.

Prime Minister Rishi Sunak’s government sees membership of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, which includes Australia, Japan and Canada, as a boost for economic growth and geopolitical relations. The UK expects growth of £1.8 billion ($2.23 billion) each year over the long-term, a figure that could rise if other countries join the bloc.

WATCH: The UK is joining an 11-nation Indo-Pacific free-trade bloc Ellen Milligan reports.

Source: Bloomberg

The UK also believes membership will give it a ...