Danllan
Member
- Location
- Sir Gar / Carms
The application to join is being made. Currently the organisation accounts for >13% of world trade and consists of Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam.
If we succeed in our application to join, the group's proportion of world trade will immediately increase to 17%. Further, and importantly, many of the current members have very healthily growing economies, so it is very likely that the figure will rise to >20% by the end of the decade.
It is not unlikely that, under the newly ensconced President Biden, the US will also apply to join sometime soon. One of the requirements for membership is that there are free trade agreements with all other members. Interesting times.
If we succeed in our application to join, the group's proportion of world trade will immediately increase to 17%. Further, and importantly, many of the current members have very healthily growing economies, so it is very likely that the figure will rise to >20% by the end of the decade.
It is not unlikely that, under the newly ensconced President Biden, the US will also apply to join sometime soon. One of the requirements for membership is that there are free trade agreements with all other members. Interesting times.