The UK has signed a historic trade agreement to join the Indo-Pacific trading bloc after almost two years of tense negotiations, according to CNBC. This is the country’s largest trade deal after Brexit, making 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 real economic benefits from our freedoms after Brexit,” said the country’s Prime Minister, Rishi Sunak.
The bloc includes Canada, Mexico, Japan, Australia, Vietnam, Singapore, and Malaysia. It is expected that the agreement will be officially signed by the end of the year after final approval from parliament and the 11 member states.