Background

South Korea decides to join CPTPP

The government “has reached a conclusion that accession to the CPTPP would do it more good than harm. It also took into account the fact that Britain and Taiwan are planning to join the CPTPP as well. Still, the South Korean government is mulling over when to sign it as external uncertainties are growing, including the ongoing trade disputes between the U.S. and China, U.S. economic sanctions on Iran and Turkey, and North Korean denuclearization.”

[BusinessKorea]

China hoping to secure FTA with Canada amid rising tensions with U.S.

“Free trade talks between China and Canada have slowed as Canada has insisted on a progressive trade deal that would also cover some labour, environment, gender and governance issues. The ambassador said there was little progress on issues that aren’t directly related to trade and he hopes they don’t disrupt future discussions.”

[Global News]

Trade minister unveils plan to make UK export superpower

“Britain sold a record £620 billion (Dh2.92 trillion; $795 billion, 690 billion euros) of goods and services overseas in 2017, accounting for 30 per cent of GDP, boosted by the recent weakness in the value of the pound. The government and business groups believe it can raise this proportion to 35 per cent.”

[AFP]

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