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UK to seek the advice of public on attainable bid to hitch Pacific commerce pact

LONDON (Reuters) – Trade Secretary Liam Fox mentioned on Wednesday he’ll seek the advice of the general public a few attainable bid to hitch a Pacific commerce group that features Canada, Australia and Mexico, as soon as Britain leaves the European Union.

Britain’s Secretary of State for International Trade Liam Fox leaves Downing Street in Westminster, London, Britain, July 18, 2018. REUTERS/Hannah McKay

Fox additionally mentioned there could be consultations on commerce offers between Britain and the United States, Australia and New Zealand.

“The government is determined not only to seek deals with key bilateral partners but to break new ground: putting the UK at the heart of the world’s fastest-growing regions,” Fox mentioned in a speech to the Federation of Small Businesses.

“That is why I am also announcing a … consultation on potentially seeking accession to CPTPP – the Comprehensive and Progressive Agreement for Trans-Pacific Partnership.”

The CPTPP has changed the Trans-Pacific Partnership (TPP), which was thrown into query early final yr when U.S. President Donald Trump withdrew from it after his inauguration.

The Confederation of British Industry employers’ group mentioned firms would welcome the government’s dedication to free and truthful commerce, however that the highest precedence was a commerce take care of the EU.

Reporting by Andy Bruce; enhancing by Stephen Addison

Our Standards:The Thomson Reuters Trust Principles.

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