After almost two years of tense negotiations, the UK has reached a historic trade agreement to join the Indo-Pacific trade bloc, as reported by CNBC.
This is the largest trade deal for the country since Brexit and makes it the first European country to join the bloc since its founding in 2018. "We are an open and free nation, and this deal demonstrates the real economic benefits of our freedoms after Brexit," said the country's Prime Minister, Rishi Sunak.
The bloc includes Canada, Mexico, Japan, Australia, Vietnam, Singapore, and Malaysia. The agreement is expected to be officially signed by the end of the year, after final approval from parliament and the 11 member states.