Trans-Pacific Partnership: Britain Applies to a New Trading Group - TLDR News

The video discusses the UK's application to join the Trans Pacific Partnership (TPP) on the anniversary of Brexit. It explains the TPP's history, its current structure, and the potential benefits and challenges for the UK. The TPP, originally including the US, aims to be a major free trade agreement. Despite the US withdrawal, the remaining countries continued with the agreement. The UK hopes to boost its economy by joining, although it already has trade deals with most TPP members. The video also highlights the geographical challenges and potential long-term benefits if the US rejoins.

What is the main difference between the TPP and the EU as mentioned in the video?

• The TPP is a political union.

• The TPP is a group of countries around the Atlantic Ocean.

• The TPP is primarily a trade agreement.

• The TPP has more member countries than the EU.

Which countries were originally part of the P4 agreement?

• Australia, Japan, Mexico, and Peru

• United States, Japan, Canada, and Australia

• Canada, Malaysia, Vietnam, and Mexico

• Brunei, Chile, New Zealand, and Singapore

What was a major reason the original TPP agreement could not be enforced?

• Disagreements over environmental standards

• The US did not ratify the agreement

• Insufficient economic output from member countries

• Lack of interest from European countries

What are the two key concepts at the heart of the TPP agreement?

• Political unity and economic stability

• Rules and market access

• Cultural exchange and innovation

• Military cooperation and security

Why is the UK's geographical location considered a challenge in joining the TPP?

• The UK is not near the Pacific Ocean.

• The UK has no trade agreements with TPP countries.

• The UK has a smaller economy than TPP countries.

• The UK is part of the European Union.

How many TPP countries does the UK already have trade deals with?

• Nine

• Seven

• Eleven

• Five

What could significantly enhance the benefits of the UK joining the TPP?

• The UK leaving the Commonwealth

• The EU joining the TPP

• The US rejoining the TPP

• The UK forming a new trade bloc