TPP Countries Agree to Start Talks on Britain's Entry
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Tokyo, June 2 (Jiji Press)--Japan, Canada, Australia and the eight other Trans-Pacific Partnership member countries unanimously agreed at an online ministerial meeting Wednesday to start talks on Britain's bid to join the TPP trade pact.
The European country's participation would mark the first expansion of TPP membership since the pact was put into force in December 2018.
The TPP member countries will set up a working group to discuss the matter.
Britain's TPP participation would be "of great significance in terms of creating free and fair economic order and enhancing Japan-Britain economic relations, as well as from a strategic standpoint," Japanese economic revitalization minister Yasutoshi Nishimura, who chaired the TPP commission meeting, told a press conference later.
The 11 TPP members issued a joint statement saying that the start of an accession process with Britain "provides an opportunity to...further promote free trade, open and competitive markets and economic integration in the Asia-Pacific region and beyond."
[Copyright The Jiji Press, Ltd.]