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The Latest Breaking News from CPTPP

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

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

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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

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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

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 Independent 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

The Guardian - UK

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

Evening Standard

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.

Bangkok Post

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 National (Scotland)

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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

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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)

The News Lens

In Taiwan, Liz Truss Called For ‘Economic NATO’ to Counter China

The Independent UK

West must ‘get real’ on military co-operation, Truss to say in Taiwan visit

Liz Truss will warn that there cannot be ‘meaningful deterrence without hard power’, during a high-profile visit to Taiwan next week.

Reuters

Australia trade minister 'pleased' with trade talks in China

Australia's Minister for Trade and Tourism Don Farrell said on Friday he was "pleased" with his talks with his Chinese counterpart in Beijing on removing trade barriers, but added that his visit was "just another step" in stabilising ties.

Chronicle Live

Newcastle University academics fear Government's post-Brexit trade deal risks UK’s public health

Dr Courtney McNamara and colleagues at Newcastle University fear joining the CPTPP deal could have a worrying impact on our health.

The Conversation

Australia’s barley solution with China shows diplomacy does work

The agreement between Australia and China to resolve a dispute over Chinese tariffs on Australian barley without World Trade Organization (WTO) adjudication is evidence of a distinct improvement in relations.

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