CPTPP: UK accepted into Indo-Pacific trade bloc in biggest trade deal since Brexit
The UK has been accepted into an Indo-Pacific trade bloc in what the government says is its biggest trade deal since Brexit.
The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) is a free trade agreement between 11 countries across the Indo-Pacific, including Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam – and now the UK.
The partnership sees the countries open up their markets to one another, reducing trade barriers and tariffs, with the hope of bolstering the economies of its members.
Sunak hails UK joining CPTPP – live politics updates
Trade Secretary Kemi Badenoch said the UK’s accession to the CPTPP was formally confirmed in a telephone call between her and counterparts from the group at 1am BST on Friday.
The UK is the first European country to enter the agreement, and the government claims it will lead to a £1.8bn boost to the economy “in the long run”.
Prime Minister Rishi Sunak said the deal shows “what we can achieve when we unleash the benefits of Brexit”.
While the UK already has trade agreements with most of the CPTPP members, apart from Malaysia, UK officials said it would deepen existing arrangements, with 99% of UK goods exported to the bloc now eligible for zero tariffs.
This includes cheese, cars, chocolate, machinery, gin and whisky, while Downing Street said the services industry would also enjoy “reduced red tape and greater access to growing Pacific markets”.
The deal has been praised by a number of business groups, including the Confederation of British Industry (CBI), Standard Chartered bank and the world’s second-largest wine and spirits seller Pernod Ricard.
But other trade experts have warned it will not make up for the economic hit caused by leaving the European Union.
Chancellor Jeremy Hunt said joining the CPTPP is a “massive opportunity” for British exporters and shows “our influence in this part of the world is becoming more significant”.
Ms Badenoch told Sky News the difference between being part of the CPTPP and the EU is “we make the rules and regulations on our standards”.
She promised the deal is “not going to displace farmers in the UK” and said it will provide more competition for EU countries so “people don’t have to buy what they don’t want”.
Ms Badenoch admitted the lower tariffs will apply to palm oil, which is responsible for destroying orangutan habitats, but said you “have to make trade-offs” when doing a deal and said the UK currently buys 1% of Malaysia’s exports and “moving to 2% from 1% is not what is going to cause deforestation.”
She claimed the UK will have “more influence” on sustainability as part of the bloc – despite Greenpeace calling the deal “outrageous”.
“Palm oil is actually a great product, it’s in so many of the things we use,” she added.
“This is not some illegal substance we’re talking about and actually there are other crops in the EU that are causing deforestation that fit within EU rules.”
The UK began negotiations to join the bloc in September 2021 when Boris Johnson was in Downing Street.
The signatory countries of the CPTPP are home to 500 million people and the government claims the deal will be worth £11 trillion in GDP, accounting for 15% of global GDP.
However, critics said the impact will be limited, with official estimates suggesting it will add just £1.8bn a year to the UK economy after 10 years, representing less than 1% of UK GDP.
Mr Sunak said the agreement “puts the UK at the centre of a dynamic and growing group of Pacific economies”.
“We are at our heart an open and free-trading nation, and this deal demonstrates the real economic benefits of our post-Brexit freedoms,” he added.
“As part of CPTPP, the UK is now in a prime position in the global economy to seize opportunities for new jobs, growth and innovation.”
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‘Real milestone for British industry’
The announcement was welcomed by business group the CBI which called it “a real milestone for the UK and for British industry”.
Interim general director Matthew Fell said: “Not only does the agreement provide greater access to a group of fast growth economies representing 14% of global GDP and over 500 million consumers, but membership reinforces the UK’s commitment to building partnerships in an increasingly fragmented world.
“CPTPP countries and business need to work together to future-proof the rules-based trading system and stimulate growth with a focus on digital, services and resilient supply chains.”
Labour said the agreement represented “encouraging” progress but it needed to see details.
The party’s shadow trade secretary Nick Thomas-Symonds said: “The Conservative government’s track record in striking good trade deals is desperately poor.
“Other countries joining CPTPP arrangements have secured important safeguards and put in place support for their producers: it is vital that ministers set out if they plan to do the same.”
Singapore is one of the now-12 members of the CPTPP
‘EU should be priority’
The Institute of Directors said it was “vital the UK signs trade deals to restore our international reputation since Brexit”.
But it added “complete reorientation” to the Indo-Pacific would not solve “the very real problem that businesses currently face – namely that they have many more trade related challenges than they did six years ago”.
“From our surveys, directors have told us that the EU-UK relationship is a priority issue the government needs to address in order to support business,” they said.
“UK companies still rely on the long-established links they have with EU markets, which are directly on our doorstep and with whom they have closer historical ties.
“The Indo-Pacific strategy will open up important opportunities for UK businesses, but the government must not forfeit the significance of our relationship with the EU in order to do so.”
A second fatal bombing on the streets of Moscow in the space of three days.
We do not know the full details of this latest explosion but the fact these incidents keep happening will be highly embarrassing for the Kremlin.
Pic: Reuters
Monday’s car bomb that killed Lieutenant General Fanil Sarvarov was the latest in a long line of high-profile hits on Russian soil since the Kremlin’s invasion of Ukraine.
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When a top military official was killed in similar circumstances this time last year, by a bomb hidden in a scooter, Vladimir Putin criticised Russia’s security services and told them they should learn from their mistakes.
It does not look like they have. Since then, there have been many more assassinations of senior officials – both in Moscow and further afield.
Pic: Investigative Committee of Moscow/AP
This latest killing of two police officers in the same area as Monday’s attack only makes things worse.
It doesn’t just look complacent. It’s starting to appear incompetent.
Although Ukraine has been behind some of the attacks, in this case, it has not commented.
But could this have been Kyiv’s way of trying to change the narrative in the peace talks? To show Donald Trump that Russia doesn’t ‘hold all the cards’?
Pic: Investigative Committee of Moscow/AP
The timing has certainly been helpful for Ukraine, coinciding with the latest negotiations. So perhaps it’s no coincidence that Kyiv has seemingly made progress in convincing Washington to agree to a less punishing peace proposal.
Article 5-style security guarantees are a big win for Ukraine, as is an allowance to retain the strength of its armed forces.
They are yet to convince the US on territory, but it’s still progress nonetheless.
Will Moscow agree to the other points? Don’t hold your breath.
Russia’s position “is well known”, the Kremlin said, when asked for its reaction to the latest proposals, suggesting it remains unmoved in its opposition to a security guarantee involving foreign troops.
But even so, it seems the spotlight is back on Moscow.
Families in Nigeria were reunited with more than a hundred schoolchildren and teachers abducted in November.
The tearful reunions happened just in time for Christmas.
“This Christmas, since we are celebrating Christmas with our children, we are so glad. And this Christmas will be different from the others,” said Yusuf Timothy, whose daughter, Rejoice, was among those freed.
The hostages were abducted in November. Pic: AP
Loved ones of the kidnapped children had an emotional reunion. Pic: AP
Mr Timothy said his family had to put their life on hold since the attack.
“Sometimes, even though I’m asleep with my wife, if we wake up, we will start thinking. We will start crying. When are we going to see our child?” he said.
The group of children and teachers were the last to be freed after the 21 November attack on St Mary’s Catholic School in Papiri.
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“I am happy, I am happy,” said Rita Marcus, who was reunited with her son, tears flowing down her face.
“This happiness, it is too much.”
The attack on the Papiri school was one of Nigeria’s biggest mass kidnappings. Pic: AP
The children’s loved ones checked them for injuries and lifted them high in the air as they celebrated the hostages coming home.
Most of the children were between 10 and 17, according to the school.
Nigerian authorities initially said 303 schoolchildren and 12 teachers had been kidnapped but later revised the number to 230.
They say all of the hostages have now been released.
Although school kidnappings in Nigeria have become a major security issue, the November attack was one of the country’s biggest mass kidnappings in recent years.
A trove of newly released Epstein files include emails that appear to involve Andrew Mountbatten-Windsor, while another suggests Donald Trump travelled on the billionaire’s private jet “many more times than previously has been reported”.
The US Department of Justice released at least 11,000 more files on Tuesday.
It went on to claim that some of them “contain untrue and sensationalist claims” about President Trump.
Here are some of the latest news lines from this release of Epstein files. Being named in these papers does not suggest wrongdoing.
Who is ‘The Invisible Man’?
Among the documents released is an email sent to Ghislaine Maxwell that speaks about “the girls” being “completely shattered” at a Royal Family summer camp at Balmoral.
It is dated 16 August 2001 and sent by a person referred to only as “The Invisible Man”, but whom Sky News is reporting appears to be the former prince, Andrew.
We have come to that conclusion from reviewing the email address used, which is assigned to the Duke of York in Epstein’s contacts book and the chain of correspondence.
In the correspondence, “The Invisible Man” asks Maxwell: “How’s LA? Have you found me some new inappropriate friends?”
Andrew Mountbatten-Windsor has previously denied any allegations against him.
The Peru trip
Another email appears to show Maxwell arranging “two-legged sight seeing” for “The Invisible Man” during a trip to Peru.
She appears to forward to “The Invisible Man” part of a conversation between herself and another person.
The email says: “I just gave Andrew your telephone no. He is interested in seeing the Nazca lines. He can ride but it is not his favorite sport ie pass on the horses.”
“Some sight seeing some 2 legged sight seeing (read intelligent pretty fun and from good families) and he will be very happy. I know I can rely on you to show him a wonderful time and will only introduce him to friends that you can trust,” Maxwell said.
The context of the email is unclear and there is no suggestion of any wrongdoing.
Trump on Epstein’s jet?
The latest bunch of files also includes an email from an unidentified prosecutor dated 7 January, 2020, in which President Trump is mentioned.
The email accuses him of travelling on Epstein’s private jet “many more times than previously has been reported”.
It adds that President Trump “is listed as a passenger on at least eight flights between 1993 and 1996, including at least four flights on which Maxwell was also present”.
The email’s sender and receiver have been redacted. However, at the bottom of the email it says assistant US attorney, Southern District of New York. The name has also been redacted.
President Trump has denied any wrongdoing in relation to his relationship with Epstein, and being on any of Epstein’s flights does not indicate any wrongdoing.
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Limousine driver report about Trump
One of the documents in the release shows a report made to the FBI that was recorded on 27 October 2020.
It includes an unverified claim by a limousine driver that he overheard the US president discussing “abusing some girl” in 1995.
The driver also mentions Trump said “Jeffrey” while on the phone during a journey to Dallas Fort Worth Airport in Texas.
A significant part of the statement, along with the driver’s identity, has been redacted.
The US justice department has said that some of the documents in the latest Epstein files release “contain untrue and sensationalist claims made against President Trump that were submitted to the FBI right before the 2020 election”.
“To be clear: the claims are unfounded and false, and if they had a shred of credibility, they certainly would have been weaponized against President Trump already,” it said.
Postcard mentions ‘our president’
Also among the documents is a postcard that claims to have been sent by Jeffrey Epstein, but has been refuted by the justice department.
In it, the sender tells the recipient: “Our president also shares our love of young, nubile girls.”
It’s not clear who “our president” refers to and the context of the postcard is also unclear.
The US justice department initially said it was “looking into the validity” of the postcard but later said on X that the “FBI has confirmed” the postcard is “FAKE”.
It cited reasons including a claim that the writing does not appear to match Epstein’s and another that the letter was postmarked three days after his death.
Row over unreleased documents
It is believed that many files relating to Epstein are yet to be made public.
There has been anger at the justice department’s slow release of the files, with politicians threatening to launch legal action against Attorney General Pam Bondi.
The deadline for the release of all the documents has passed.
“The DOJ needs to quit protecting the rich, powerful, and politically connected,” Republican congressman Thomas Massie said.
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