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Coffee House Shots

Does CPTPP make it harder to reverse Brexit?

Coffee House Shots

The Spectator

News, Daily News, Politics

4.42.2K Ratings

🗓️ 31 March 2023

⏱️ 16 minutes

🧾️ Download transcript

Summary

Britain has agreed to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), a £9 trillion trade bloc with 11 members. James Heale, speaks to Katy Balls and a special guest, Alexander Downer about whether this is a win for the government. And what it could mean for those looking to reverse Brexit. 

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Transcript

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0:00.0

This episode is sponsored by Canacord Genuity Wealth Management.

0:03.6

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0:08.0

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0:13.2

Visit KanduWealth.com.

0:18.4

Hello and welcome to Copy How Shots. I'm James Hill and I'm joined

0:21.2

State World Spectators for this close to Kandu Halls and the former High Commissioner for

0:25.2

Freedom to the UK at Alexander Downack. The big story is that Britain is joining the

0:30.5

comprehensive and progressive agreement for Trans-Pacific Partnership,

0:34.2

better known as CPTPP for obvious reasons. KD, tell us briefly why is this significant?

0:40.4

So it's been many years in the work. I think it was Liz Trass' International Trade Secretary,

0:45.2

who you know pushes very hard. You have Liam Fox as her predecessor.

0:49.0

And what it does after two years of intense negotiations is gives the UK

0:55.1

access, gives exporters access to 500 million people. The country is that this crosses over

1:01.0

the Canada, Mexico, Japan, Australia, Vietnam and Malaysia. And Japan has been particularly

1:07.2

instrumental in pushing the UK's membership and as I think as soon as the UK government as

1:13.0

along with others, but particularly their key ally in getting this across the line.

1:18.4

What does it do in terms of the economy? Ministers expect the membership to generate 1.8 billion

1:24.0

of extra income once it has been up and running for 10 years. So this isn't an overnight

1:29.2

transformation to the UK economy, but I think it's significant for a few reasons.

1:33.3

One I think it means there is something the government can talk about when it talks about,

1:37.0

you know, Brexit dividend, Brexit achievements, which I think in recent months you've seen

1:43.2

you know lots of people saying what have you got to point to, public opinion, going all

...

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