UK ready to join trans-Pacific deal

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    LONDON- Britain made a formal request to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) on Monday, seeking membership of the 11-country deal to open new avenues for post-Brexit trade and influence.

    Announcing the move, trade minister Liz Truss said it would create jobs, help rebuild the global trading system and position Britain “at the heart of some of the world’s fastest-growing economies”.

    It comes at a moment of significant economic upheaval for Britain whose 2016 decision to exit the European Union became a reality at the start of the year, and has made trading with its nearest neighbor more expensive and complicated.

    Britain argues that the principal economic benefit of leaving the EU is the freedom to strike trade deals around the world, and is trying to position itself as the leading advocate of free global trade after a period of increased nationalism.