I notice a few really large markets missing from the CPTPP.
China for instance, and also the US.
On the question of the US opening to UK manufacturers, producers, and services, Truss has the following to say:
Ms Truss also hoped the United States would rejoin the partnership after leaving in 2017 to allow a US-UK trade deal to be brought forward.
She added to the Payne’s Politics podcast: “The United States was one of the initial parties in the Trans-Pacific Partnership, and the new administration has not indicated they want to join it.
"But who knows what might happen in the future.”
Negotiations have not yet concluded.
"...who knows what might happen in the future." Indeed...
Jam tomorrow
The Express article neglected to remind its readers that trade is a two way street, and clearly the implications of cheaply produced CPTPP goods flooding the UK market have been lost on @Clavinova.
It also neglected to mention that the EU has bilateral trade agreements with many of the CPTPP members, and there was therefore nothing stopping the UK from trading with them.
theconversation.com/the-uk-wants-to-join-a-pacific-trade-deal-why-that-might-not-be-a-risk-worth-taking-162900
This article explains matters far more thoroughly than the Express does, far less breathlessly and with far fewer pictures.
The net positive to the UK is increased ease of trade with Brunei and Malaysia. But again, it's a two way street. And also, the UK is a long, long way from Malaysia and Brunei.
...less than 8% of the UK’s exports go to CPTPP countries and that tiny Ireland has consistently been a more important market for UK companies than China
The downsides, briefly:
Some UK industries will be undercut thanks to access granted to cheaper producers.
Standards will be 'regional', meaning divergence from EU standards is likely. On top of access for cheaper producers, divergence of standards means companies focusing on the EU market will be threatened.
China is making noises about joining CPTPP - whoops! A case of 'move over Bubba' as China will dominate it and scupper any UK dreams of reliving the glory days of Empire, and lecturing China on human rights, Uighur genocide, Hong Kong, climate change, etc.