U.K.’s Economic Center of Gravity Starts to Shift: Beyond Brexit
Workers check apples at a warehouse in Kashmir, India.
Photographer: Sumit Dayal/BloombergWhat’s happening? The U.K. edges closer to membership of a Pacific regional trade deal, and a U.S. food giant backs Brexit Britain.
One step closer to shifting Britain’s “economic center of gravity away from Europe towards faster-growing parts of the world.” That’s how U.K. International Trade Secretary Liz Truss framed an agreement by members of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership to allow Britain to begin the membership process. Truss tweeted that the government will present its plans on the deal to Parliament in the coming weeks.