Japan welcomes the UK's announcement of its wish to join the Comprehensive Partnership for Transpacific and Trans-Pacific Partnership (CPTPP).

On July 31, Cabinet Secretary Tottimitsu Motegi, Japan's Comprehensive and Trans-Pacific Partnership (CPTPP), welcomed the British declaration of wish to enter into a trade agreement. This.

In talks in Tokyo, British Foreign Minister Liam Fox expressed his wish to join the CPTPP. According to the official, London views the opportunity to join the CPTPP as well as the expansion of the Japan-EU economic partnership agreement as the basis for British economic cooperation.

Minister Motegi, for his part, said Japan had offered to provide necessary information and mediate the process of joining the CPTPP. Speaking at the meeting, Mr Motegi said that the UK's interest in CPTPP was a big boost for efforts to protect protectionism and to promote a system of trade liberalization based on international law.

Speaking to reporters after the meeting, Mr Motegi said that joining the CPTPP would help promote "free, fair and law-abiding" multilateral trading systems.

After the United States withdrew from the Trans-Pacific Partnership (TPP), Japan and other countries in the agreement are moving towards expanding the CPTPP and welcome more participating economies. The CPTPP, which was signed in March, will enter into force 60 days after at least six signatory countries have completed their approval procedures. Only after the CPTPP has entered into force will new members be able to begin negotiations to join the new members.

Three countries - Japan, Mexico and Singapore - have adopted CPTPP, while New Zealand, Australia and Vietnam are expected to complete this year. In addition to the UK, some economies such as Thailand, Indonesia, Colombia, South Korea ... have also expressed interest in this trade agreement.

According to vinatex.com