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The UK’S membership of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership offers little gain for the British economy.
UK preparing to lift tariffs on palm oil from Malaysia as price for joining CPTPP trade agreement. / Britain is preparing to sign off on a post-Brexit trade deal that campaigners say will encourage further destruction of nature, threaten the habitat of orangutans in Malaysia and make a mockery of the government’s claims of being committed to tackling deforestation abroad.
Government criticised over ‘indefensible’ proposal that could undermine climate efforts while yielding benefit of only £1.38m.
Malaysia stands to gain from free palm oil exports but few other benefits seen. / "The impact appears mainly cosmetic, for the U.K. to show it made a trade deal after Brexit." / "No one in Asia is taking the pact very seriously."
Rachel Donald looks at how the Trade Minister’s justification for a zero-tariff trade deal with Malaysia only accelerates global deforestation.

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◈ CPTPP ×6
◈ trade ×3