CPTPP: UK has joined Asia’s trade club but what is it?

The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) is a trade agreement between 11 nations: Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam.

Those founding members signed the Pacific trade pact in March 2018.

Between them, they generate 13% of the world’s income.

The UK is the first non-founding country to join, and will be the pact’s second biggest economy after Japan. It takes the value of the new grouping to £11 trillion.