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 role did the US play in the formation of the CPTPP, and what was its outcome?

How has UK trade with CPTPP members changed from 2016 until the pandemic?

What potential benefits could the UK gain from its membership in the CPTPP in the long term?

What are the implications of the CPTPP for countries like China and its potential membership?