INTERVIEW: U.K. Trade Chief Fox Eager for Accession to TPP

Economy Politics

Tokyo, Aug. 1 (Jiji Press)--Visiting British International Trade Secretary Liam Fox, in an interview with Jiji Press on Wednesday, showed the country's hope to join the Trans-Pacific Partnership free trade agreement after its planned exit from the European Union.

"We want to orientate Britain to a position where we can take advantage of those growing markets," Fox said, referring to the Asia-Pacific region. "A lot of those markets will be in Asia-Pacific, which is one of reasons why we have got such interest in the TPP 11."

Emphasizing the need for understanding the link between the trade and security relationships, he suggested that Britain will aim to enhance its security cooperation with Japan and other nations if it becomes a TPP member.

The TPP was signed in March by Japan and 10 other countries, after the United States withdrew from the pact last year in line with the policy of U.S. President Donald Trump.

Of the 11 countries, Mexico, Japan and Singapore have completed their domestic ratification procedures for the TPP. The pact is expected to take effect in early 2019 at the earliest.

[Copyright The Jiji Press, Ltd.]

Jiji Press