UK to join the CPTPP?

Danllan

Member
Location
Sir Gar / Carms
I don't know but they already have significant trade deals with these and they include that clause.
How they cope without you leaves me astounded. Our resident international trade specialist lawyer.
Anybody not agreeing with you and you take the pee.
Not reminiscent of a cultured legal mind .
Two of which I have had the pleasure of knowing. One of whom was in Westminster and was there so that any member of the commons or lords could consult on a point of law.
He retired a QC.
One thing he always said was " they're slippery devils in there, always look behind what they say and who's the money behind them"
Neither ever took the pee and were kind and patient explaining anything that was asked of them.
I know a current Treasury Counsel who isn't a Silk, and several Silks, but I was called in 2002 so that's not so surprising. No disrespect intended to either your chum in Silk or mine, all deserving I'm sure but... take a squint at what's needed to take Silk nowadays, and it's not as impressive as once was - the machinations of one T. Blair and his friends.

Taking Silk is often more for personal (self) esteem and bravado, show even, than anything else now and many don't take it because - somewhat counter-intuitively - it often sees income drop. Look at the heads of chambers and it may surprise you to see how many haven't taken it.

As for me, professionally you couldn't have found anyone less likely to give offence, regardless of the client, and I dealt with some revolting people. Even now, over a decade away, if asked politely I'll happily respond in such a manner and hand-hold through things as best I can. But I steer clear of fields that I'm ignorant of and run a mile from family disputes, they have to be the most soul-destroying thing of all.

That written, we aren't in curia and I feel no obligation not to respond in kind to others, however that is.

It would be interesting if the EU join CPTPP certainly if the USA does as well, US is more likely to join as they were in the original TPP, Trump pulled out of it. The deal is more or less free trade although there is some protection for the Canadian dairy industry.
That's my thinking pretty much. We all have some things that are particularly important to us nationally, so it doesn't spoil the party if some things are held back. On the contrary, because national interests are respected and understood there is far less chance of disagreement, and so it makes the whole thing better, much, much better. :)
 
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.
Can't see that happening, for that to happen Trudeau will have to undo what his father did with regard to supply managment , for that to be removed will not only endure the wraith of effected farmers with quota but also the Canadian banks.
 
This has been on the cards for some time. I do wish this forum would stop thinking in terms of trade deals in only beef or cheese or something. The UK is a major player in the services so it makes sense to play to these strengths. This will give us even better access to a sizeable part of the global trade stream and only enhance our options in the Far East emerging markets. We need to abandon hope of making huge inroads into the agricultural commodities game in places like Canada, Mexico or Australia where they have established (and big) industries already in place.

With the UK as a member of this trade bloc it's economic gravitas will swell relatively quickly and more members may be looking to join. The UK already trades with the USA fairly extensively, any trade deal they want to do will be aligned in a way that fulfils the aim of big business over there, that suing the government or gutting the NHS thing is never going to fly politically and was one of the reasons the TPP was never going to work with the US inventions included- these have now been done away with anyway.

It is worth noting that the TPP encompasses some of the stiffest environmental agreements of any trade deal. As you can imagine these are rather easier for the UK to comply with than other countries.
 

Danllan

Member
Location
Sir Gar / Carms
This has been on the cards for some time. I do wish this forum would stop thinking in terms of trade deals in only beef or cheese or something. The UK is a major player in the services so it makes sense to play to these strengths. This will give us even better access to a sizeable part of the global trade stream and only enhance our options in the Far East emerging markets. We need to abandon hope of making huge inroads into the agricultural commodities game in places like Canada, Mexico or Australia where they have established (and big) industries already in place.

With the UK as a member of this trade bloc it's economic gravitas will swell relatively quickly and more members may be looking to join. The UK already trades with the USA fairly extensively, any trade deal they want to do will be aligned in a way that fulfils the aim of big business over there, that suing the government or gutting the NHS thing is never going to fly politically and was one of the reasons the TPP was never going to work with the US inventions included- these have now been done away with anyway.

It is worth noting that the TPP encompasses some of the stiffest environmental agreements of any trade deal. As you can imagine these are rather easier for the UK to comply with than other countries.
This is it, plus strategy - anyone mentioned China?
 
This is it, plus strategy - anyone mentioned China?

As I understood it, China were not signatories or members of it as yet? I didn't realise quite how many countries were potential members or signatories, certainly a big carrot worth pursuing.

I know there was some controversy regarding the deal and how it dealt with the automotive industries. This is a moot point because the car industry globally will be borked right off the map because of the changes to consumer habits regarding electric vehicles and also the rise of home working. It will be bedlam no matter what trade deals or protections are put in place.
 

Danllan

Member
Location
Sir Gar / Carms
As I understood it, China were not signatories or members of it as yet? I didn't realise quite how many countries were potential members or signatories, certainly a big carrot worth pursuing.

I know there was some controversy regarding the deal and how it dealt with the automotive industries. This is a moot point because the car industry globally will be borked right off the map because of the changes to consumer habits regarding electric vehicles and also the rise of home working. It will be bedlam no matter what trade deals or protections are put in place.
My point in re China isn't about trade with it but, rather, a counter to it.

As for cars the game changer will be autonomous vehicles; once approved they'll change everything, forever.
 
My point in re China isn't about trade with it but, rather, a counter to it.

As for cars the game changer will be autonomous vehicles; once approved they'll change everything, forever.

Autonomous cars are a little way away, I agree they will change things but the big seismic shift in the car industry will be as companies are obliged to ditch all their engine and transmission technology totally and get into electric motors and batteries. This is a massive cost and hurdle for all players in the segment however you want to paint it. I can see some of them going to the wall or remaining in badge form only.
 

Danllan

Member
Location
Sir Gar / Carms
Autonomous cars are a little way away, I agree they will change things but the big seismic shift in the car industry will be as companies are obliged to ditch all their engine and transmission technology totally and get into electric motors and batteries. This is a massive cost and hurdle for all players in the segment however you want to paint it. I can see some of them going to the wall or remaining in badge form only.
Yep electric will be big, but I stick by my statement. Think about, once there are autonomous cars, if you can afford one, you have a 24/7 money earner and loads of other people have no need for one at all. Your car probably spends >95% of its time parked up at the moment. Once autonomy comes in, that 95% can be spent ferrying people around, all booked online and automatically done; convenient for them and lucrative for you. I don't think many have really thought about this, it will see car ownership fall greatly, maybe down to <20% of current levels.


Can't see that happening, for that to happen Trudeau will have to undo what his father did with regard to supply managment , for that to be removed will not only endure the wraith of effected farmers with quota but also the Canadian banks.
Can't see what happening?
 

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