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Legatum Institute in the News

Radomir Tylecote tells City AM that joining the Trans-Pacific Partnership (TPP) would be a true statement of intent by global Britain

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Radomir Tylecote tells City AM that joining the Trans-Pacific Partnership (TPP) would be a true statement of intent by global Britain

Participating in City AM's debate with Labour MP Alison McGovern, Radomir argued that membership of TPP would demonstrate Britain’s new trading independence.

The TPP is one of the most advanced trade agreements in the world, but doubters have suggested that, not being a Pacific nation, Britain should not or cannot join. Not so. TPP is an open agreement, and signatories have indicated they want us on board.

But we won’t be able to join in just any circumstances. We will need control over not only tariffs, but also regulations currently determined by the EU. Many do not meet TPP standards – for example, in data flows and agriculture – as they favour incumbents, harming consumer welfare. Being ready to join the TPP, and other agreements, will require that we determine regulations ourselves.

Asia-Pacific is the fastest growing region in the world, and the TPP gives Britain a trading opportunity we should not miss.

You can access the full debate here

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