UK officially joins Indo-Pacific trade bloc 

Singapore's Minister for Trade and Industry Gan Kim Yong, Vietnam's Minister of Trade and Industry Nguyen Hong Dien and British Secretary of State for Business and Trade Kemi Badenoch are seen together, on the day Britain signs the treaty to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, in Auckland, New Zealand July 16, 2023. (REUTERS)
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Updated 15 December 2024
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UK officially joins Indo-Pacific trade bloc 

  • Officials hope membership will boost Britain’s flagging economy by £2.0 billion a year
  • Created in 2018, alliance has been seen as a bulwark against Chinese dominance

LONDON: Britain on Sunday became the first European nation to join a major Indo-Pacific trading bloc, in what has been hailed as the country’s biggest trade deal since Brexit.

The UK is officially now the 12th member of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).

The UK formally signed the accession treaty last year.

Officials hope membership will boost Britain’s flagging economy by as much as £2.0 billion ($2.5 billion) a year.

According to government figures, the value of UK total trade in the 12 months to the end of September was £1.7 trillion.

The alliance comprises fellow G7 members Canada and Japan, plus long-standing allies Australia and New Zealand, alongside Brunei, Chile, Malaysia, Mexico, Peru, Singapore and Vietnam.

Created in 2018, it has been seen as a bulwark against Chinese dominance in the region, although Beijing has applied to join.

The bloc, which accounts for about 15 percent of global gross domestic product (GDP), will give British businesses trade access to a market of more than 500 million people.

The previous Conservative government signed Britain up in July 2023, with then Business and Trade Secretary Kemi Badenoch calling it “the biggest trade deal” since the UK left the European Union.

Britain has secured a number of post-Brexit trade deals, including with Australia, New Zealand and Singapore since it left the EU’s single market at the start of 2021.

It is also pursuing one with Gulf countries, and last month Labour Prime Minister Keir Starmer announced that Britain and India are to resume stalled talks to agree a free trade deal.

A much sought-after trade deal with the United States remains elusive and could become even less likely when Donald Trump enters the White House in January.

A deal with Canada has also failed to materialize.


Venezuelan activist Javier Tarazona released from prison as US diplomat assumes post

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Venezuelan activist Javier Tarazona released from prison as US diplomat assumes post

  • Human rights activist Javier Tarazona was arrested in July 2021
  • He was released shortly after the arrival in Caracas of US charge d’affaires

CARACAS: Venezuelan human rights activist Javier Tarazona, an ally of opposition leader María Corina Machado, was released from prison after the government promised to free political prisoners in an amnesty bill, rights organizations and family members said Sunday.
Tarazona, the director of the Venezuelan nonprofit human rights group FundaRedes, was arrested in July 2021, after reporting to authorities that he had been harassed by national intelligence officials. Two other activists of the group were also detained at the time.
Venezuela’s Foro Penal, a rights group that monitors the situations of political prisoners in the country, said Sunday that 317 people jailed for political reasons had been released as of noon local time Sunday, and 700 others were still waiting to be freed.
“After 1675 days, four years and seven months, this wishful day has arrived. My brother Javier Tarazona is free,” José Rafael Tarazona Sánchez wrote on X. “Freedom for one is hope for all.”
Tarazona was released shortly after the arrival in Caracas of US Charge d’Affaires Laura Dogu, who will reopen the American diplomatic mission after seven years of severed ties. It comes after US President Donald Trump ordered a military action that removed the South American country’s former President Nicolás Maduro from office and brought him to trial in the US
Dogu, who was previously ambassador in Nicaragua and Honduras, arrived in Venezuela one day after the country’s interim president, Delcy Rodríguez, announced an amnesty bill to release political prisoners. That move was one of the key demands of the Venezuelan opposition.
Venezuela’s government had accused Tarazona of terrorism, betraying the nation and hate speech, all frequent accusations it makes against real or potential opposition members. Tarazona was vocal against illegal armed groups on the country’s border with Colombia and their alleged connection to high-ranked members of the Maduro administration.
Amnesty International reported that Tarazona’s health has deteriorated due to lack of medical attention during his time in prison.
“All of Venezuela admires you and respects your bravery and your commitment,” Machado said on X. “You, better than anyone, know that there will be justice in Venezuela. Freedom for all political prisoners.”
Venezuela’s government denies it jails members of the opposition and accuses them of conspiring to bring it down.