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The Latest Breaking News from CPTPP

Let's create a new World Trade Organization - Von der Leyen

European Commission chief Ursula von der Leyen has proposed to EU leaders the launch of a Europe-led initiative to establish a structured trade cooperation with Asian countries, potentially laying the groundwork for an alternative to the gridlocked World Trade Organisation (WTO).

Euronews

The UK has much to gain from membership of Asia-Pacific trading club

The UK was the first non-founding member to join CPTPP and yet little fanfare has been made of it thus far.

Evening Standard

Europe is moving to reposition itself in Donald Trump’s new global order

The term that perhaps best describes the international impact of the first 100 days of Donald Trump’s second term is “disruption”. His tariff policy, his abolition of USAID, his questioning of the transatlantic alliance, and his attempted rapprochement with Russia have neither destroyed the liberal international order nor established anything…

The Conversation

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PM, Deputy PM at odds over NZ response to US tariffs

New Zealand's prime minister and deputy are at odds on the best response to US tariffs, believed to directly cost its economy around $NZ900 million.

AAP

‘Very small’ Brexit trade deal with Pacific no match for EU, Starmer told

Britain is to officially join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP)

The Independent UK

Flagship post-Brexit trade deal worth even less than ministers claimed, official estimates show

The Independent revealed earlier this year government’s predicted 0.08% boost risked being an overestimate

The Independent UK

UK’s flagship post-Brexit trade deal worth even less than previously thought, OBR says

Office for Budget Responsibility says UK entry into the Indo-Pacific agreement will add just 0.04% to GDP in the long run

The Guardian - UK

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Today we learned Laura Trott is the unthinking person’s Helen Whately

After becoming chief secretary to the Treasury, this was Trott’s moment to crash and burn on the media round

The Guardian - UK

China tells UK to stop using trade to improve Taiwan ties

UK and Taiwan sign trade agreement they hailed as a first in fostering bilateral trade between Taiwan and Europe

The Guardian - AU

China Premier Li seeks to bolster his country's economic outlook at the Shanghai export fair

Seeking to generate excitement around a largely lackluster economy, Chinese Premier Li Qiang is pledging to continue deepening reforms, expand free trade zones and relax market access for foreign investment

The Independent UK

Albanese to raise human rights and trade with Xi in first China visit by Australian PM since 2016

Ahead of trip signalling emergence from diplomatic deep freeze, Albanese also calls on Beijing to again allow Australian journalists to report from mainland

The Guardian - AU

CPTPP will do nothing for London

Modern trade deals do very little for the services sector and this agreement is no exception

Evening Standard

Flagship Brexit trade deal with Pacific has ‘no major economic gains for UK’

Top trade experts say conditions for hidden benefits claimed by Kemi Badenoch are ‘highly unlikely’

The Independent UK

Prospects of UK-US free trade agreement ‘very low’, says Business Secretary

Conservative MPs have described an FTA with the US as the ‘greatest prize of all’

Evening Standard

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The Independent UK

Badenoch clashes with Kuenssberg over post-Brexit trade deals: ‘Stop interrupting me’

Trade secretary lashes out at critics – claiming they were wrong to ‘laugh’ at the government

The Guardian - UK

Kemi Badenoch signs treaty for UK to join Indo-Pacific trade bloc

Critics note government estimates that suggest membership of CPTPP will add just £1.8bn a year to UK economy after 10 years

Evening Standard

UK signs off on membership to major ‘unparalleled’ £12trn Indo-Pacific trade bloc

The Trade Secretary signed a treaty confirming the UK’s accession to the CPTPP, paving the way for businesses to access a vast and growing market

Bangkok Post

Britain signs treaty to join trans-Pacific trade pact

AUCKLAND, New Zealand: Britain on Sunday formally signed the treaty to join a major trans-Pacific trade pact, becoming the first new country to take part since its inception in 2018 and opening the way for members to consider other applications including from China and Taiwan.

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The National (Scotland)

Scottish minister in 'bargaining-chip' warning to Westminster over UK trade deal

MAIRI Gougeon has said that the signing of a new Indo-Pacific trade deal “offers positive elements” but warned the UK Government “not to use…

The Independent UK

UK formally agrees to join major Indo-Pacific trade bloc, marking largest post-Brexit deal

Kemi Badenoch signs CPTPP accession protocol in New Zealand, in move set to cut tariffs for UK exporters

The Guardian - AU

No chance China will join Pacific trade pact in near term, Australia warns

Assistant trade minister suggests consideration of China’s push to join CPTPP ‘some way off’ as UK becomes 12th member

The Guardian - UK

Block battery eggs coming into UK, say animal welfare groups

RSPCA accuses government of ‘race to the bottom for animal welfare standards’ with post-Brexit trade deal

The Guardian - AU

Volodymyr Zelenskiy discusses peace plan, Nato and grain deal with Erdoğan in Turkey – as it happened

Ukraine president meets with Turkish leader after summits across Europe

The Guardian - AU

Russia-Ukraine war at a glance: what we know on day 458 of the invasion

Toll from Russian missile attack on Dnipro rises to two; Medvedev says conflict could last decades; Blinken to visit Finland, Sweden and Norway

Reuters

Canada backs Ukraine's application to join trans-Pacific trade pact

(This May 26 story has been corrected to remove 'United States' as one of the CPTPP countries mentioned in the last sentence)

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