UK looks to become Pacific trade member after Brexit

Britain could join a Pacific trade group after the UK leaves the European Union, according to reports.

File photo of a European Union flag in front of the Elizabeth Tower. The Government is facing new calls to release confidential studies drawn up by officials looking at the potential impact of Brexit on the economy.

File photo dated of a European Union flag in front of the Elizabeth Tower. Source: AAP

The UK government has held informal talks on becoming a member of the Trans-Pacific Partnership (TPP), of which Australia is a member, to stimulate exports following Brexit, the Financial Times says.

Britain would be the first member of the trade agreement to not border the Pacific Ocean or the South China Sea.

Liam Fox's Department for International Trade is said to be developing the proposals to join the group which lost its largest member - the United States - when President Donald Trump withdrew from the agreement last year.

The 11 remaining member states include Australia, Mexico, Singapore and Canada.
Trade Minister Greg Hands told the Financial Times there was no geographical restriction on Britain joining trade groups.

"Nothing is excluded in all of this," he said. "With these kind of plurilateral relationships, there doesn't have to be any geographical restriction."

An International Trade spokeswoman said, "We have set up 14 trade 'working groups' across 21 countries to explore the best ways of progressing our trade and investment relationships across the world.

"It is early days, but as our Trade Policy Minister has pointed out, we are not excluding future talks on plurilateral relationships".


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