Britain Joins the CPTPP: Brexit's Biggest Trade Deal Yet?

The video discusses the UK's decision to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), a major free trade agreement involving several countries. Initially conceived by Obama, the CPTPP aims to create a large trade block, excluding the US after Trump's withdrawal. The UK sees this as a post-Brexit opportunity, though the immediate economic impact is minimal due to existing trade agreements. However, the CPTPP's potential for future growth and influence in global trade norms is significant, especially with interest from countries like China. The video also highlights the negotiation challenges faced by the UK and the potential long-term benefits of joining the CPTPP.

What is the primary reason the UK is interested in joining the CPTPP?

• To reduce trade with Asia

• To increase tariffs on imports

• To establish a new currency

• To replace the EU single market post-Brexit

Who originally conceived the idea of the CPTPP?

• Donald Trump

• Barack Obama

• Boris Johnson

• Liam Fox

What was Japan's role in the CPTPP after the US withdrawal?

• Japan led the continuation of the agreement

• Japan joined the EU instead

• Japan withdrew from the agreement

• Japan dissolved the agreement

What is a key feature of the CPTPP that makes it unique compared to other FTAs?

• It has no environmental protections

• It only includes developed countries

• It has the highest tariffs in the world

• It includes chapters on labor rights and environmental protections

What was a major sticking point in the UK's negotiations to join the CPTPP?

• The UK's desire to increase tariffs

• The UK's ban on hormone-injected beef

• The UK's demand for a new currency

• The UK's refusal to join the EU

What is the estimated impact of the CPTPP on the UK's GDP?

• No impact at all

• An increase of 10%

• A decrease of 5%

• An increase of less than 0.1%

Why might the CPTPP have a limited impact on the UK's economy?

• The UK already has free trade agreements with most CPTPP countries

• The CPTPP only includes European countries

• The CPTPP increases tariffs significantly

• The UK does not trade with any CPTPP countries

What is a potential future benefit for the UK as a member of the CPTPP?

• Influencing global trading rules

• Increasing tariffs on Asian imports

• Joining the EU again

• Exiting the agreement at any time

Which countries have expressed interest in joining the CPTPP?

• Germany and France

• Brazil and Argentina

• Philippines, Thailand, Taiwan, South Korea, and China

• Russia and India

What percentage of the world's middle-class consumers are expected to be in Asia by 2030?

• 65%

• 30%

• 80%

• 50%