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Evening Standard
Evening Standard
Business
Carl Richardson

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

The Prime Minister and his team of UK trade negotiators have had a productive spring. Since President Trump’s ‘Liberation Day’ tariff announcements in April, the Government has struck trade deals with India, the US and the EU.

Official estimates claim that the India and EU deals will add £35 billion to UK GDP by 2040, while the US deal presented a much needed and immediate lifeline for the UK car industry by lowering tariffs significantly on automotive exports to the US, which alone are worth £9 billion a year to UK plc.

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