The government is exploring becoming a member of the Trans-Pacific Partnership to stimulate exports after Brexit next March and has held informal discussions with the group. If the proposals go ahead Britain would be the first member of the trade agreement which does not have borders on the Pacific Ocean or the South China Sea. The US had been key to talks that began in 2010 to create TPP by expanding an existing trade deal. Trade minister Greg Hands told the Financial Times there was no geographical restriction on Britain joining trade groups. One TPP official said it was too early to discuss any UK plans to join it, according to the FT.
Source: The Guardian January 03, 2018 00:24 UTC