日韩精品久久一区二区三区_亚洲色图p_亚洲综合在线最大成人_国产中出在线观看_日韩免费_亚洲综合在线一区

Global EditionASIA 中文雙語Fran?ais
World
Home / World / Europe

Doubt cast on benefit to UK of joining trade accord

By CHEN YINGQUN | China Daily | Updated: 2021-02-08 09:34
Share
Share - WeChat
A person walks past a store at Oxford Street in London, Britain Dec 23, 2020. [Photo/Agencies]

The United Kingdom wants to develop unfettered trade links around the world to offset upheavals from Brexit, but its move to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, or CPTPP, presents limited benefits, analysts said.

He Yun, an associate professor at the School of Public Administration at Hunan University in Changsha, said the UK government needs to prove that it is capable of negotiating trade deals after the country's departure from the European Union, and the CPTPP constitutes low-hanging fruit.

"The CPTPP's benefits for the UK economy will be limited," she said of the country's sought-after participation in a free-trade zone centered on the Asia-Pacific region. "First, distance matters in trade. Air and sea freight carrying goods will be too expensive for the CPTPP to substantially lower the costs of the UK to trade with the rest of the bloc.

"Second, what the UK needs most is to expand the international markets for its services, which is suffering as a result of losing its passporting right to the EU market. But the CPTPP is thin on services."

Moreover, there is the problem of how the UK will set its priorities in deploying its trade negotiators for talks. The country needs to start negotiating trade deals or updates on most or all of its continuity agreements with more than 60 countries, and the UK-EU deal itself, she said.

"Joining in the negotiation of CPTPP right now will further stretch its negotiating manpower and could potentially hurt its other negotiations."

The United Kingdom made a formal request to join the CPTPP on Feb 1 in meetings with ministers from Japan and New Zealand. The 11-member free-trade area comprises nations of Asia and the Pacific Rim, covering 500 million people. It represents about 13.5 percent of the global economy.

Liz Truss, the UK's secretary of state for international trade, said membership would help create jobs, rebuild the global trading system and put Britain "at the heart of some of the world's fastest-growing economies".

The move comes a year after Britain formally exited the EU, and it has since been in desperate need to find a new lease of life both economically and politically.

Negotiations between Britain and the CPTPP signatories are expected to start this year, the trade department said.

Transparency questioned

Emily Thornberry, the shadow international trade secretary for the opposition Labour Party in the UK, questioned the government's lack of transparency concerning its intentions for the pact. She said people would question the UK government's decision "to rush into joining another one on the other side of the world without any meaningful public consultation at all", after long negotiations over Brexit agreements.

Xu Liping, a researcher at the National Institute of International Strategy of the Chinese Academy of Social Sciences, said the UK's announcement that it wants to join the CPTPP could serve as a useful signal to the world that the country is still interested in working with other countries.

Jon Geldart, director-general of the United Kingdom Institute of Directors, said that as the UK has left the EU, there is now the opportunity to develop unfettered links around the world in terms defined by the government.

"The world has changed and Britain is hoping to be ahead of the game. Leaving the EU has been difficult and UK business is enduring a painful divorce but future trading options with significant new markets offer opportunities," he said, adding that the UK business sees strong connections with China and looks to more cooperation with Chinese companies.

Agencies contributed to this story.

Most Viewed in 24 Hours
Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
主站蜘蛛池模板: 国产毛片欧美毛片久久久 | 三级网站免费观看 | 久久97久久97精品免视看 | 欧美十区 | 成年人免费网 | 三级斤 | 色倩网站 | 国产综合久久 | 超碰在线观看97 | 精品亚洲成a人片在线观看 在线看片h站 | 国产精品久久久久久久久久久新郎 | 国产色司机在线视频免费观看 | 久久色亚洲| 久草中文在线观看 | 好吊日在线观看 | 久操视频网 | 久久精品国产线看观看亚洲 | 日本免费一级视频 | 精一区二区 | tube69欧美最新片 | 欧美成人精品不卡视频在线观看 | 热久久这里只有精品 | 婷婷尹人香蕉久久天堂 | 成人精品一区二区三区 | 视频在线一区二区 | 色综合中文字幕天天在线 | 男女真实有遮挡xx00动态图 | 99re在线观看| 羞羞答答www网站进入 | 国产精品自在线 | 国产成人精品久久二区二区 | 国产精品成人一区二区1 | 日本老熟妇毛茸茸 | 精品亚洲欧美高清不卡高清 | 99热久久这里只有精品首页 | 九九在线精品视频 | 我和我的祖国电影在线观看免费版高清 | 91中文字幕在线 | 一区二区三区国产 | 国产亚洲第一页 | 91制服|