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Post-Brexit UK Trade Strategy Needs To Engage China – Analysis
One way the CPTPP might be seen as serving UK interests in sending a message to Beijing would be by reducing, at the margin, the Asia Pacific’s economic reliance on China. CPTPP rules (the ‘diagonal cumulation’ provisions on rules of origin) could be used to treat EU components of UK products as ‘originating’ and so eligible for preferential treatment. This would help UK goods and services industries develop their existing supply chains across the European Union while trading within the CPTPP. But here’s the rub. The focus on EU-related trade serves only to underline the importance of the United ... (full story)
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