{"id":145603,"date":"2018-01-04T21:18:09","date_gmt":"2018-01-04T10:18:09","guid":{"rendered":"https:\/\/www.gomarketingteam.com\/auarticles\/uk-making-post-brexit-plans\/"},"modified":"2021-03-09T14:42:02","modified_gmt":"2021-03-09T03:42:02","slug":"uk-making-post-brexit-plans","status":"publish","type":"post","link":"https:\/\/www.gomarkets.com\/en\/articles\/geopolitical-events\/uk-making-post-brexit-plans\/","title":{"rendered":"UK Making Post-Brexit Plans"},"content":{"rendered":"<h1 style=\"text-align: center;\"><span style=\"color: #008000;\">UK Making Post-Brexit Plans<\/span><\/h1>\n<p>&nbsp;<br \/>\n2018 is shaping up to be a defining year for the relationship between the United Kingdom and the European Union. After making sufficient progress in the first phase of negotiations, talks will now begin on the trade arrangements after the UK leaves the EU. Even though the UK cannot agree on any trade arrangements outside of the EU before it leaves the trading bloc, it is already looking for potential trading partnerships around the globe. One of them is the Trans-Pacific Partnership (TPP).<\/p>\n<h3>What is the TPP?<\/h3>\n<p>The TPP (currently changed to Comprehensive and Progressive Agreement for Trans-Pacific Partnership) is a trade agreement between Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam. The agreement was originally signed in February 2016, but is currently renegotiated after the United States withdrew from the agreement. The UK joining would effectively help to revive it.<br \/>\n<img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-60179\" src=\"https:\/\/www.gomarkets.com\/wp-content\/uploads\/2018\/01\/Current-Members-of-TPP.png\" alt=\"\" width=\"750\" height=\"329\" \/><br \/>\nThe agreement cuts over 18,000 tariffs between the member countries and represents around 40% of the world\u2019s economic output. The aim of the deal is to develop economic ties between member countries, cut tariffs, and boost economic growth.<\/p>\n<h3>UK Talks<\/h3>\n<p>The UK has held informal talks to join the TPP in a bid to start trade agreements after it leaves the EU. The proposal, developed by UK Secretary of State for International Trade Liam Fox, would make the UK the first member of the TPP that does not border the Pacific Ocean. \u201cWith these kind of plurilateral relationships, there doesn\u2019t have to be any geographical restriction\u201d, Greg Hands, the UK\u2019s Trade Minister, stated.<br \/>\nA spokeswoman from the Department for International Trade said: \u201cWe 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.\u201d<br \/>\nIt is worth pointing out that the combined spending from the 11 TPP nations makes up less than 8% of the UK\u2019s export market, with Japan (the largest economy within the TPP) taking around 1.6% of UK exports, while Germany alone accounts for 11%.<br \/>\nHowever, it is unlikely any deals will be agreed to before the TPP itself has been renegotiated and the UK formally leaves the EU.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>UK Making Post-Brexit Plans &nbsp; 2018 is shaping up to be a defining year for the relationship between the United Kingdom and the European Union. After making sufficient progress in the first phase of negotiations, talks will now begin on the trade arrangements after the UK leaves the EU. Even though the UK cannot agree [&hellip;]<\/p>\n","protected":false},"author":15,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4043],"tags":[],"class_list":["post-145603","post","type-post","status-publish","format-standard","hentry","category-geopolitical-events"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>UK Making Post-Brexit Plans - Wixad<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.gomarkets.com\/en\/articles\/geopolitical-events\/uk-making-post-brexit-plans\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"UK Making Post-Brexit Plans - Wixad\" \/>\n<meta property=\"og:description\" content=\"UK Making Post-Brexit Plans &nbsp; 2018 is shaping up to be a defining year for the relationship between the United Kingdom and the European Union. 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After making sufficient progress in the first phase of negotiations, talks will now begin on the trade arrangements after the UK leaves the EU. Even though the UK cannot agree ","link":"https:\/\/www.gomarkets.com\/en\/articles\/geopolitical-events\/uk-trade-vs-world\/","type":"next","category":"geopolitical-events"},"previous":{"id":145601,"slug":"brexit-breakthrough","title":"Brexit Breakthrough","date":"2017-12-12 22:07:49","excerpt":"UK Making Post-Brexit Plans &nbsp; 2018 is shaping up to be a defining year for the relationship between the United Kingdom and the European Union. After making sufficient progress in the first phase of negotiations, talks will now begin on the trade arrangements after the UK leaves the EU. Even though the UK cannot agree ","link":"https:\/\/www.gomarkets.com\/en\/articles\/geopolitical-events\/brexit-breakthrough\/","type":"previous","category":"geopolitical-events"},"category":{"slug":"geopolitical-events"},"_links":{"self":[{"href":"https:\/\/www.gomarkets.com\/en\/wp-json\/wp\/v2\/posts\/145603","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.gomarkets.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gomarkets.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gomarkets.com\/en\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gomarkets.com\/en\/wp-json\/wp\/v2\/comments?post=145603"}],"version-history":[{"count":0,"href":"https:\/\/www.gomarkets.com\/en\/wp-json\/wp\/v2\/posts\/145603\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.gomarkets.com\/en\/wp-json\/wp\/v2\/media?parent=145603"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gomarkets.com\/en\/wp-json\/wp\/v2\/categories?post=145603"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gomarkets.com\/en\/wp-json\/wp\/v2\/tags?post=145603"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}