TPP Members Seen Opening Door to Britain
![](https://japannews.yomiuri.co.jp/wp-content/uploads/2023/03/BRITAIN-EU-NIRELAND.jpg)
Union Jack flag flies above a Unionist mural in Larne, Northern Ireland December 30, 2020.
10:42 JST, March 30, 2023
TOKYO (Jiji Press) — Japan, Australia and other members of the Trans-Pacific Partnership free trade deal are seen reaching a broad agreement in the near future on Britain joining the framework, it was learned Wednesday.
In July, officials from the 11 member nations and Britain are expected to sign off on the country’s TPP entry in New Zealand.
Britain will join the framework following domestic procedures at signatory countries, becoming the first to join the pact since it came into force in 2018.
The TPP deal features tough standards on free trade and economic activities, including on intellectual property protection, as well as tariff elimination for farm and industrial goods.
In order to join the group, countries are required to fully comply with the standards. Membership must also be approved by all existing member nations.
The current TPP members reached the conclusion that Britain can meet the standards, based mainly on discussions among chief negotiators held in Vietnam late last month.
Britain initially showed reluctance to open up its agricultural market to some countries, but it is believed to have agreed to remove almost all tariffs on farm and industrial goods as required under the TPP deal.
"Business" POPULAR ARTICLE
-
Aviation Fuel Shortage Causes Problems at Regional Airports; Growing Demand, Lack of Workers to Transport
-
Prices of over 10,000 Food and Beverage Items to Rise This Year; Figure is down from over 30,000 Last Year
-
Sony Group to End Production of Blu-ray Discs; Market Has Shrunk Due To Growth Of Hard Disk Drives, Streaming
-
AI-Equipped Energy Efficient Air Conditioners Grow In Popularity; Some Can Guess Users’ Moods, Automatically Adjust Temperature
-
Toyota to Introduce 4-Day Workweek for Some Employees; Company Hopes More Flexible Schedules Will Boost Worker Motivation
JN ACCESS RANKING