Britain Expected to Reach Broad Agreement on Joining CPTPP Trade Deal Soon -Sources

 (Reuters) TOKYO - According to two sources familiar with the situation, the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP11 )'s signatories should soon come to a broad agreement with Britain over its membership in the pact.

The sources, who declined to be named since the information hasn't been made public, said that an announcement is anticipated to be made soon.

Following its exit from the European Union, Britain has been attempting to expand its international economic relationships.

Vietnam started talks in June 2021 to join the CPTPP grouping as part of a shift toward far-off yet rapidly expanding economies. Japan, Australia, Brunei, Canada, Chile, Malaysia, Mexico, New Zealand, Peru, Singapore, and Vietnam are additional group members. With the overarching goal of further lowering tariffs on commodities and lowering obstacles to services and digital trade, membership will augment current bilateral trade agreements Britain has with several of the member countries.