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  Britain's latest trade deal gives businesses access to a market that will become far larger than the EU, the Trade Secretary declares today.
  
  
  Kemi Badenoch says membership of the Indo-Pacific
  bloc means joining ‘the most dynamic free trade family on the planet'.
  
  
  The region will be home to a billion middle-class consumers by the end of the
  decade, she notes.
  
  And she vows that exporters will gain access to fast-growing economies with a ‘fierce
  appetite' for British goods - while the services industry will see less red tape. 
  
  Writing in the Mail, Mrs Badenoch contrasts the Trans-Pacific Partnership, whose 11 members include Australia,
  Japan, Canada and Singapore, with the ‘rigid' and ‘unelected' EU.
  
  
  She calls the BBC - and Labour - shortsighted for citing official figures
  that the deal will add only a minuscule amount to GDP.
  
  
  
  
  
  
  
  Kemi Badenoch (pictured) says membership of the Indo-Pacific bloc means joining ‘the most dynamic free trade family on the
  planet'
  
  
  Britain's accession to the partnership, formally confirmed in the early hours
  of yesterday, was welcomed by major business groups
  and the National Farmers Union.
  
  In her article, the rising Conservative star and former party leadership contender adds:
  ‘Today we have opened a new era for this country as a trading
  nation.
  
  ‘I am convinced we will feel its benefits both in the short term and over many decades
  to come.'
  
  Labour leader Sir Keir Starmer insisted yesterday that closer ties with Brussels were more important.
  
  
  He told broadcasters on a visit to Plymouth: ‘It's an important trade deal, but the yield is very small.
  Hopefully that will grow over time.
  
  ‘But the rule in trade is that you're more likely to trade with
  your nearer neighbours more and more often, so we
  do need that improved, that better trading relationship
  with the EU alongside any other trade deals that we sign.'
  
  Mrs Badenoch had to fend off criticism cited
  by the BBC that the deal would add only 0.08 per cent to national
  output over the next decade and would not offset losses from leaving the EU's single market.
  
  
  
  She told Radio 4's Today programme: ‘We've left the EU so we need to look at what to do in order to grow that UK economy and not keep talking about a vote from seven years ago.'
  
  The Comprehensive and Progressive Agreement for Trans-Pacific Partnership was
  signed in 2018 by Australia, Brunei, Canada, Chile,
  Japan, Malaysia, Mexico, New Zealand, Peru,
  Singapore and Vietnam as a way of cutting tariff barriers.
  
  
  
  
  
  
  
  Labour leader Sir Keir Starmer insisted yesterday that closer ties with Brussels were more important
  
  
  
  
  
  
  
  Rishi Sunak said British businesses would have ‘unparalleled access to markets from Europe
  to the south Pacific'
  
  
  Britain becomes the first European member of the group.
  
  There are hopes that this may lead to the US taking part.
  
  
  Senior Conservatives including Liz Truss warned that the UK must now use its
  position to keep China out of the group.
  
  The Government yesterday published a ten-point list of benefits
  of membership of the ‘vast free trade bloc', whose combined GDP could reach £13trillion if other interested countries
  such as Thailand and South Korea sign up.
  
  It is estimated that the deal, described as a ‘gateway to growth', will add £1.8billion to the UK's annual GDP
  over time.
  
  As ‘one of the most modern trade agreements in the world', the deal
  is said to be ideal for the UK's services economy and will help companies such as Standard Chartered bank improve
  access to overseas markets.
  
  It will also boost digital trade by making data flow more easily as well as removing tariffs
  on 99 per cent of goods exports such as dairy products. 
  
  It gives Britain its first trade deal with Malaysia - meaning cheaper
  imports of consumer goods such as vacuum cleaners as well as a boost to exports of cars. 
  
  UK shoppers may also benefit from ‘cheaper import prices for high-quality consumer goods like fruit
  juices from Chile and Peru and honey and chocolate from Mexico'.
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