Britain Joins the CPTPP: Brexit's Biggest Trade Deal Yet?
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- čas přidán 31. 03. 2023
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This week it was announced that Britain had officially joined the Comprehensive and Progressive Agreement for Trans-Pacific Partnership. This is a major grouping for Britain to join post-Brexit, but it's on the other side of the world; so is it pointless?
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How many times did Jack say CPTPP? Well, here's a super cut of every attempt (including many mistakes) twitter.com/tldrjack/status/1642105754332143616?t=rMScPFP1JRc24-UdrKlPsw&s=19
Say CPTPP one more time please ! 😂
This is absolutely amazing
I want the bloopers reel
check out around 2:55 for a title that's out of place
Replacing CPTPP to "the bloc" seems easier 😅
Congrats for saying CPTPP so many times without slipping up
I support that, i can barely say it while looking at it
You probably didn't realise if he made a mistake
C what??
It sounded like a storm trooper gun fight I kept ducking every time they said it
Amazing skills tbh. They really need a shorter name & acronym! 😂
Wait, so does this mean we will now have to follow a bunch of regulations set by a non democratic bureaucracy that are enforced by a foreign court?
I see what you did there😉
And joined without "consent of the people"
Nigel's going to be raging
Ohhh i get it, its like being part of the eu 🙃
No, the cptpp is far more flexible than the EU and does not impose regulatory standards or regulations across the board, only on product being traded
Fact: He said CPTPP 33 Times
That's a hard drinking game😵💫
three-three cee pee tee pee pee
Want to see a supercut? twitter.com/tldrjack/status/1642105754332143616?t=rMScPFP1JRc24-UdrKlPsw&s=19
@@TLDRnews this needs pinning 😂
@@TLDRnews let's SP! 😂
0.08% GDP growth over 10 years. Great deal. Very good
The UK has just escaped a recession by a similar margin.
EU is laughing
That's right now, it'll grow a lot more by then plus it's inevitable that the UK & EU will have a larger trade agreement, maybe a customs deal like what Turkey has
@@bababababababa6124 I haven't heard any comment from the EU at all. Give us a link so we can verify your claim, please. Well?
@@bababababababa6124 i really don't think they are
Wow an economic bloc based on their geolocation proximity across the pacific. I wish we had something like that in Europe
Well Europe has zero growth! Why sink with a sinking ship?
*EU🇪🇺
We don't, the European Union isn't the same thing. The CPTPP is a trade block, not a controlling entity thay decides domestic law etc.
Its called EFTA
According to a Guardian column, the UK had to accept all CPTPP rules. Nice work Kemi.
Who's Kemi?
love to hear that
@@suakelibadenoch.
@@suakeli International trade minister, did you not watch the video 😂
But only on goods traded within the CPTPP. If we trade goods internally or elsewhere they don't apply
It really is a fight for Tories to get anything positive out of Brexit, no matter how small, just so they don't have to admit that they fucked up.
Oh showing who the real gammon is hey why don’t you like trade with again countries.
@Terry .. want to re-phrase that so it makes sense?
@@darrylsimpson4744 ok gammon why don’t you like trade with non eu countries?
@Terry Jago what trade is possible is grand, but let's face it - we're not going to be competitive when there's weeks of shipping delay and related additional cost!
@@markwelch3564 he says on his phone or pc from china do you think you got that from the eu. Maybe you should check where most things come from and wait it’s not from the eu.
What's this, the UK has to agree to "harmonising regulations"? I thought Brexit was supposed to free the UK from external influence.
In the EU a Scottish farmer selling to a local Deli had to meet EU standards.
In the CPTPP that isn’t the case.
In the EU, the EU had a decent bit of voice over internal UK law and how it was applied. Just look at Hungary for example now.
In the CPTPP that isn’t the case.
Oh and let’s not forget that the EU made it impossible to control our borders how we want. The CPTPP doesn’t come with free movement of 700,000,000 people.
Immigration was the primary reason why people voted to leave the EU, and when we talk of sovereignty we’re talking about how we control our borders. Not aligning with some trade standards lmaoo
@@davidshepherd8917 You'll still have to accept other peoples' regulations, and for minimal benefit🤣.
@@normanstewart7130 yeah but have you considered somthing somthing sovereignty somthing somthing no red tape somthing somthing control our borders. ?
@@normanstewart7130
What is your point? The fact we have to follow rules for trade??
Yeah, that’s been a thing for hundreds of years.
People aren’t against the idea of following trade regulations.
People are against the idea of following the intrusive and invasive nature of EU regulations.
And EU regulations comes from freedom of movement because the EU is more than just an economic alliance.
You clearly don’t understand anything about why people are against the EU
@@davidshepherd8917 yeah, imagine being told that your government is not upholding the people's best interest at heart, with anti corruption and anti dictatorship laws and measures. Imagine being told by one of the richest blocks on this planet that you are shooting yourself on the head, the absolute nerv...
Tories : I miss blaming the E.U. Let's join another block so we can blame all our scams and failures on CTPP rules.
from what I'm seeing this is kind of like a shite attempt at BRICS from the US. oh nevermind, the part of the video just explained it was started by a US president to try force China to uphold mental US IP laws & regulations (i.e, more privatisation). the same type of IP laws that gets internet archive shut down, and will make life saving medication cost a fortune. so it's a shit BRICS that has had an even worse impact than originally projected. just as expected of the UK tories to commit to another sinking ship like they did with leaving the EU. what an absolute joke 😂😂
I see a lot of similaties between the CPTPP and the EEC as it was called. The word 'progressive' also speaks volumes about its future intentions.
Biggest argument for Brexit. To stop Westminster deflecting blame.
Shame usa isnt in this deal. We badly need one with them. Its insane that theyre out closest ally yet no trade deal.
Actually, if CPTPP is purely an economic alliance it could have better succes than EU (which insists to be an ideological one as well, thus making it almost inpossible for a country to be conservative even if its people vote so).
Just for the knowledge of the British , EU had already a FTA with Japan and Canada.
Also Singapore, Vietnam and the other countries mentioned.
Interesting, thanks.
Good for them, didn't they have an energy deal with Russia?, that worked out well, crashed our energy market too, so thanks but no thanks, and political union that's a bad joke now!?!
Negotiated for the UK and not by the UK, there is a distinct difference and a very important one.
@@reheyesd8666 The difference is they were negotiated by people who knew what they were doing! The likelihood is that they are beneficial to the EU rather than disadvantageous to indigenous UK producers and businesses like the Australia and NZ trade agreements.
Let’s not trade with our rich neighbors that trade and buy a lot from us. No, let’s trade with countries that are on the other side of the world where we would buy and almost never sell!
Sounds like a great plan!
@@l0rdgreasy594 how?
I mean, a free trade agreement with anyone is better than isolation and nothingness. The TPP itself is extremely funny though, the fact that the USA started it and then left is very hilarious
@@diamdante staying in the EU is also better than isolation and nothingness
@@bababababababa6124 well I mean, no need to discuss how bad of a decision that was for the UK. Right now they're just in the process of picking up the pieces, making the best of a bad situation
@@l0rdgreasy594 colonialism happened because of greed. But that's beside the point.
Not gonna lie I had no idea what the CPTPP was so I thought this was some April fools joke 😂
😂😂😂😂😂😂😂😂😂
Compared to the EU it may as well be a joke 😂😂
@@nealrigga6969 shots fired !
@@nealrigga6969 The UK has been a continuous April fools joke since Brexit.
Every day is April Fools in the sunny uplands of Brexshit Britain. It's the joke that keeps on giving.
“We gave up a trade deal with our nearest neighbours and largest partners in favour of… a similarly sized deal with countries on the other side of the world we don’t trade with nearly as much.”
Yeah now don’t screw this up too!
No I still believe we have a non tariff trade deal with the E.U
The EU is a much bigger, richer and closer market. Plus brexthickland used to be a member of the free market. Which it isn’t now. There is self imposed friction.
@@europainvicta3907 Free market it was not. Controlled by an unelected ,unnacountable, undemocratic body of failed politicians in Brussels. This is the Start of independant trade with the rest of the World free from the interference of the Hated EU.
There is still finished business but we are Out never to return .
Nigel Farage Forever.
Yes, but you won’t have to give up your sovereignty to them.
As soon as teletransportation comes a reality you would see the importance of this deal
That's the point. For services we already have it.... the internet!
😂😂😂
@@aituk And that’s another good point. U.K. is the economy of services. Can U.K. offer anything special in this field to CPTPP apart from the access to the European Single market that U.K. doesn’t have any more? Or should the City of London get included in Windsor Network for Northern Ireland? Btw, Teresa May called it “the backstop” 😉
@@someoneno-one7672 First, the windsor framework is different from the backstop in many ways not least of which Northern Ireland has a veto over any EU legislation on whether it wishes to enforce it.
The UK is the second biggest country worldwide for services, ofcourse it has much to offer the CPTPP, if it didn't have anything to offer they wouldn't have allowed us in. The question is what other opportunities can we game from this in previously shelved economies that were hamstrung by the EU.
@@aituk are you sure? Maybe they just felt bad for you. All alone, out in the ocean, your cousin thinking you're a proper cunt because you told the neighbors they should go fuck themselves at the last block party. The CPTPP looks over and can't help but feel bad for you and invites you to their party. Sure, they live like 7 days away and the party is tonight, but they invited you, so you feel a little better. Isn't that so nice of them? I jest.
I wonder how many bloopers there are of Jack saying CPTPP incorrectly.
Wonder no more... twitter.com/tldrjack/status/1642105754332143616?t=rMScPFP1JRc24-UdrKlPsw&s=19
@@TLDRnews Let him practice with 'she sells sea shells by the sea shore' and eventually, he will consider CPTPP an easy one.
Or just call it 'CPsomething'.
I never want to hear CPTPP ever again.
All the had to do was say it once, then refer to it as 'that agreement' !
Only if we had a whole continent a few miles across the sea that imports & exports at the same rate as us.... ONLY IF.
The UK has a free trade agreement with the EU; and it’s the only EU FTA that is zero tariff & zero quota.
@@aleph8888 But if UK companies want to sell goods into EU countries, they have to obey EU rules and regulations. They just don't have any control over them any more.
@@aleph8888
- There is THE SINGLE MARKET in the UE. You sell on the same terms to someone from another country as to your neighbor in the local market. There's literally no differences. There are only diffirences concerning consumer right, but not as much differing from general EU minimum standards. GB lost its status. They can sell without duty, but all responsibilities, treatment and paper work are almost the same like for seller from Ukraine.
- GB lost its influence. Previously, they also had a voice in the European Parliament and the European Commission, now they only have to passively adapt.
- The consequence of a fully open market is the lack of barriers - it is the institutions in your country that check compliance with the EU market. After Brexit, all new batches of products must be reviewed by an EU country. More, there are now and always will be random checks, while in the EU there were none (in EU, foreign products are tested in exactly the same way as domestic ones). No one can order goods to be removed from the shelves or prohibit them from being loaded into stores BEFORE testing. In the case of products from GB, they can.
- The las but not least: sooner or later the EU will make changes that GB will not be able to accept, because the differences in other laws - already independent in the EU and GB will grow over the years. Than GB will lost all its status, paralelly entrepreneurs will have to produce according to three different standards: and in each case it will be checked by various institutions before being placed on the market. This will cause a catastrophe, because both abuses (imagine having a stock of goods according to CPTPP, but not being able to market them not only in the EU, but even in your own country!) and just mistakes (mix-up of product batches) will happen.
YEAH. And they can tell us what we can/cant do, who we can/cant do biz with/ what foreign policy we must follow/ how much VAT we charge on fuel, etc etc.
What price FREEDOM ?
Why? Our neighbours are getting poorer and have next to no resources. Their share of the global has shrunk 60% and continues to do so. Europe is not the future.
It is prescious to know UK's reaction about its joining to CPTPP.
In Japan, news coverages welcome this move.(NHK, Japan's public broadcasting service, says that UK's accession to this trade deal may encourage US to rejoin it)
To be fair, leaving it is actually good for US workers, not good for big corporations.
@@aliancemd No, it isn't good for US workers either. Economists who studied the deal estimated that by not joining the deal, US workers will lose much more from higher prices than they would gain from not having to compete with other countries.
And that's almost certainly even truer now than it was then, since the labor market is quite tight but prices here continue to soar.
@@JackHankeAnd It could be pivoted to be a good thing for US workers.. USA cant get a deal done with the EU because the EU wont accept mexican made US products on the list, like mexican made fords, it needs to be made in America. Ignoring this deal and rebuilding American workers could allow the USA to join both it and a free trade deal with the EU in the future, but that has to happen with ignoring big business now and pivoting. If you belive that pivot can never happen, maybe youre right, and if you want to run the figures as they stand now fine, but I think Trumps plan could have unwittingly made America much better in the future.
Yeah. Most people aren't seeing this outside the lens of Brexit. It will be a great way for the Uk to actually make that Pivot to Asia it said it would.
I think if Biden gets elected with a majority in Congress, the US might rejoin the CPTPP.
The US does not like other people's regulations - they consider themselves the world's 'decider' on all things, so it will be interesting to see how their ;joining' this will work !
This global collapse might end up being a part of us for a very long time. With inflation currently at about 9%, my primary concern is how to maximize my savings/retirement fund of about $300k which has been sitting duck since forever with zero to no gains.
@Margaret I agree, having a portfolio-advisor for investing is genius! Not long ago amidst the pandemic crash in March 2020, I was really having investing nightmare prior touching base with a license portfolio-advisor. In a nutshell, i've accrued over $550k with the help of my advisor from an initial $120k investment thus far.
@@corrySledd Please can you leave the info of your investment advisor here? I’m in dire need for one
@@corrySledd Thank you for this amazing tip. I just looked the name up, wrote her and scheduled a call...
lol this fake interaction😂😂😂
CZcams needs to do something about these scams.
The CPTPP was very controversial here in Chile, eventhough we have FTA with most countries in the block. Boric was against it most of his career, and the left had it suspended in Congress since 2016, but because his government had to turn center after the last plebiscite, he was pretty much forced to sign it just this past December. Chile exports lots to the Pacific, like copper, lithium, grapes and wine, cherries, etc. I hope it helps us economically.
It's the corporation's ability to sue governments if their regulations affect profits that get me
That sounds like a war in the making if ever I heard one…, Well…, The companies would definitely lose especially since Pepsi don't have there Navy anymore…
it honestly makes it so much harder for us to nationalise core industries, not that it wasn't already hard! now we have even more of a threat of getting a lovely coup if we dare try to improve the lives of the ppl living in the UK (& hopefully the rest of the world that currently suffer from UK corporate imperialism)??
@@blindbrad4719 I wish... now the US gov is basically just run by corporations :') there are elected US officials threatening to invade mexico under the guise of dealing with "cartels" now that there are various industries being nationalised!
@@oight That's just 1 awful outcome. No climate action. No regulations on NHS... and who knows how many ways it could fuck things up we can't even predict. It's a totally awful thing to be in.
Only if they break the terms of the agreement by doing so. Every agreement has some form of enforcement or they'd be useless. The only unique thing about the TPP is that the lawsuits go to an international tribunal instead of the local court of the country in violation.
I've realized mid-way that this wasn't an april fools joke ahah
Right! That was my initial thought to and then I was just left in disbelief
So we lose 4% GDP a year leaving the EU and gain .08% over 10 years with this deal. This deal is 500 times worse than staying in the single market, truly staggering lies and incompetence by the Tories.
Well, I mean, it probably won't make things *worse* but it would've been better to just not leave the EU in the first place
"probably". Hmm.
So it is an improvement that the UK is now forced to take below standards goods from cptpp memberstates?
It is an improvement thst the UK is now subject to ISDS ("secret courts")
It is an improvement thst the UK is now going against it's own climate change policy and commitments by scrapping tariffs on palm oil and contributing to more movement of goods across the planet?
I honestly think it would make things worse. The original goal was to make China uphold US IP laws & regulations, which usually involves privatisation of certain industries etc. IP laws that got internet archive shut down and make endless patents through loopholes on vital life saving medication. It was basically made to constrain countries in order to benefit the US. the tactic didn't even work, now BRICS is starting to seem to have some serious competition against the US's trade, so it's basically a defunct trading bloc that has overall negatives that hinder development for the average working person, especially because it's 0.08% GDP growth over 10 years!! it's shocking, this is basically done as a political stunt, it doesn't benefit at all and is no replacement to the EU.
@@oight when you put it like that it does certainly sound quite sh&tty
We have an FTA with the EU. that is enough. No need to mix with their awful politics also
@@joe2791990 "their awful politics" are mainly focused on the smooth running of the SM.
As a 3rd country you have to abide by those "awful politics" without having a say in it to be able to sell into that market, with of course a long list of extra obligations to fulfill.
Do you consider that "smart politics"?
I'm so confused, the amount of times he says cptpp makes me feel like this is an April fools joke but it's a legitimate thing
Nearly forgot what day is 🤦😂😂
Oh no it's real... twitter.com/tldrjack/status/1642105754332143616?t=rMScPFP1JRc24-UdrKlPsw&s=19
It's called brainwashing. It doesn't take much to brainwash the english, the tabloids have been doing it for decades. Usually a few three word slogans do the trick.
The word CPTPP is now gonna haunt my dreams
Seen from an EU perspective, the UK applying to that CPTPP (sic) thing is absolutely pathetic.
Yep because the uk still won’t except the eus dole cue lol and none of these countries will too. Can you tell me what the eu is going to do with all that unemployment. Lol
@@terryj50 Bro what lol
@@derechtepurkus bro what lol you really sound like a simple remoaner. Really since I have been living in this country I really do now understand why brexiteers voted to leave the eu. Not one of you are smart.
Not really , it makes sense as the UK is struggling with no other obvious choices in a way. It is more political than immediately profitable.
@@franciscouderq1100 yet it’s Germany and France doing worse than the uk. So they makes no sense. Checking the last growth figures looks like Germany and France will be in recession before the uk.
If I was the CPTPP I would NOT want the UK joining with a Veto power, sounds like more trouble than it's worth
All members have a veto.
It’s probably more about influence and power then actual economic benefits. I wonder what the EU thinks about this?
Nobody cares.
I think for EU it is not important if UK gets a member of this club.
If I had to guess: "those brits had trouble accepting that they are no longer the big fish in the pond... and now they hope to become a bigger fish by jumping into another pond that they have even less ability to influence? Truly, they are oddballs. Best of luck, they will need it."
If it becomes an economic problem, the EU will deal with it, just like they dealt with the USA theeatening trade war
@@gehrig7593 in the future might be different. But now it's nothing more than pr stunts.
Does the UK know they're in the Atlantic ocean, not Pacific?
I don’t even think they realise they’re in Europe
Pitcairne island is a british protectorate in pacific. That was their excuse for joining, I personally have zero issues with them joining even using pitcairne island as a technicallity
Just take Great Britain, and push it out there.
Please?
The UK wanted to leave the EU so badly that they relocated their island to the pacific. Only mentally of course, but good enough.
The UK is between the Channel & the North sea, that's probably the limit of Brexiteer geography.
CPTPP now living absolutely rent free in my head. Thanks mate 😂
Let's keep going lads, only another 50 CPTPP trade deals to go and we'll have made up the GDP shortfall from Brexit!
hahahhaha aw mate we're fucked 😂😂
Best thing the UK can do is get it's head out of it's R's and rejoin the EU
Because it is the best deal.
So UK voted to go out of a single market and now joining a new one thousands half a globe away??
Very "clever" in my opinion....
Hello from Australia. I buy the odd vinyl LP from the UK; and most times the shipping costs are the same as the cost of the Vinyl LP.; because Australia is on the other side of the planet and unless you want to wait 3 months for your parcel to arrive, you pay for airfreight. So any object you buy or sell to the CPTPP may end up costing a lot extra. It may be cheaper from Mexico or Canada. Still, big whoop! You left the EU to trade with 11 countries a long way from home. Thats bound to make you all RICH ....... not.
1:12 - wrong, Obama did not kick it off. It started with P1 between New Zealand and Singapore, then P4 adding Brunei and Chile, then P8 as more joined the negotiations. Things obviously really kicked off when the US joined under Obama, which also brought Japan into the mix.
Yeah but they love obama and stuff.
A Pacific trading bloc? Wow, great idea, shame we have no access to the Pacific, if only there was some kind of European trading bloc we could be a part of 🤔
EU🇪🇺?😂😂😂
This has completely turned into a parody. Joining a trade block in an ocean you aren't even in.
Where do you think most of the things you buy come from? The EU has next to no resources. It is all made in this distant ocean and transported here.
008% of GDP estimated over next 10 yrs and a major blow to our farmers, not to mention lower food standards. This is shameful, nothing to brag about.
This is the final nail in the coffin. Just when you thought this country couldn't get destroyed any further.
Take a shot every time this guy says CPTPP
I laughed everytime you said CPTPP! 🤣Good job, its like a tongue twister.
Jack didn't do a perfect job... twitter.com/tldrjack/status/1642105754332143616?t=rMScPFP1JRc24-UdrKlPsw&s=19
So all we need is another 49 CPTPP arrangements and we will have brought ourselves back up to where we were by being in the EU.
Sounds like 'the easiest deal in history'.
Not even Jonathan Portes believes the mythical 4% loss.
@@catinthehat906
Thanks for yet another fact-free opinion.
Brexiters are really good at those.
@@catinthehat906 He doesn't believe it?
Oh, so he thinks it's bigger?
... You mean he thinks it's *smaller*? What is he, a two year old chewing on crayons?
Because anyone who is more intelligent than that knows better.
The CPTPP includes chapters on things like labour rights, environmental protection, state-owned enterprises?
You mean... Like the EU trade agreement? Which was our largest trading partner. Which we've left for a significantly smaller one?
And there was a referendum to leave the EU... why no referendum to join CPTPP?
@@Mr-Foad Is that supposed to be rhetorical? There was a referendum on leaving the EU because it was politically necessary for the Conservative Party at the time, there was no other reason.
@@cerdic6305 Yeah which the majority of Brits voted on.😅
No excuses
@@natenae8635 Did I say otherwise?
@@natenae8635 Did the majority vote on joining the Cptpp and subjecting themselves to rules made by those foreigners ?
I remember the previous iteration, the TPP, getting alot of flak for allowing companies to sue governments over regulations essentially making it impossible for a country to regulate companies without getting sued. It was such a big deal they had to rebrand and change the name twice people hated it. Now you're saying its back _again_ with a _third_ new name?
I admit I am looking forward to the first time UK government gets sued over this deal and I am sure it's just a matter of time.
Yeah, exactly. Massive outcry with TTIP, this time nothing. Scary.
If I understand it correctly it is not a done deal yet. It is an agreement in principle. It is also quite funny how the CPTPP shares a lot of characteristics with the EEC/EC.
And I honestly doubt China will join anytime soon. I think a lot of members see the CPTPP as a counterweight to China. And China's record on adhering to international (trade) regulations is rather poor, tbh.
Lol, if you think it is anything like the EEC or the EU then you aren't paying attention. Show me CPTPP's parliment, Human rights court, Immigration policy and foreign policy. I'll wait.
@@Whoami691 The EU started out as nothing more than a french-german cooperiation on coal and steel and evolved from there. I don't think the CTPP will evolve in a pacific EU anytime soon (the partaking countries are too different and far-apart for that), but the UK may well find itself having to accept certain rules in order to keep doing business, just like in membership of the EU. And at least the EU has a democratic representation. With the CPTPP is will basically be the various governments deciding the matter between them and I doubt UK parliament will be able to say anythign about it. As for judicial courts: there are clauses in the deal that will allow large companies to sue the UK government behind closed doors (secret courts!) if they believe their profits have suffered from changes to laws or regulations. Think about that one.
@@kimwit1307 so you're saying it's like any other trade bloc and NOT a political union? Thx, that's all I needed to know.
@@Whoami691 you clearly know nothing at all, but that is what brexiteers do best: drink sovereign tea and be ignorant.
@@Whoami691 And do you know you are in the UK part of a political union yourself, right?
Just a thought, for comparison you could have added EEA % on the chart at 2:26. (European Economic Area)
Leave one organisation to simply join another....The Irony of Brexit. Someone group of people somewhere is benefiting from Brexit I can guarantee you that, it certainly isn't the majority of the people of Britain.
So... the UK left a huge economic block of neighbors that was aimed at integrating values as much as trade to then join a mid-size economic block of countries on the other side of the earth that was aimed at integrating some values, but mainly trade - did I get that right?
Ah, but I forgot - sovereignty! Obviously joining CPTPP will not in any way force the UK into any rules they don't want to. What is that? "Robust enforcement mechaism" you say? Pharumpf! Let them try! If they actually want to enforce something on our great empire, we'll just leave their puny block again. Problem solved!
[Edit: Originally this comment said "EU" where it now says "UK" because of a mental skip. My bad!]
you mean the UK left, not the EU
if you think this is the same as EU, youre trolling.
@@rizkyadiyanto7922 Nah, just a typo because I had both in my head :D
@@rizkyadiyanto7922 He doesn't, on the contrary :)
@@QemeH What empire ?
hope they’ve included a free shipping and returns clause
Underrated comment
Tories 2016: "We've left a trading bloc! We're free to go our own way and make our own rules!"
Tories 2023: "So we've joined a trading bloc..."
The UK had even exceptions built in when they joined the EU. Now they may trade with countries thousands of miles away without input from the population. Just genius.
Imagine being clueless enough to equating EU which is more like a federation than a trade block to a trading group of sovereign countries.
Yeah , Brits always complained that the EU was no longer only a trading block and that they only want to trade nothing else. That said they indeed joined a block which already has its own rules and regulations and laws that the UK did not participate in making them up.
Bloody hell what an imperfect and difficult world when you want to be a free sovereign county !
Take a shot every time CPTPP is said 😂
The amount of times cptpp was said I thought it was an April fools joke
This is the most ridiculously pointless thing for the UK to do. Rejoining the EU is the only thing that would actually improve the UK economy.
Thank you - this helped pass the time here at Dover
This video proves that "CPTPP" does NOT roll off the tongue easily. Each time Jack said it, it sounded like he was struggling.
We’ve found the crappiest acronym, congratulations!
PP hehe
2:22 where did you get that figure? everywhere i've checked says 12/13% of global GDP, nowhere near 17%, which would be odd considering the EU is about 15%
Depending on how you meassure what "world trade" is, the CPTPP accounts for 17% of that - which is what some sources report as the "size" meassurement of the agreement. It's probably a mis-reading of that.
@@QemeH trade =/= gdp.
@@rizkyadiyanto7922 I am aware. In fact, that is the whole point of my comment.
Massive win for brexiteers, leaving regulations agreed with France and Germany to wrangle in endless negotiations with Vietnam and Brunei... the stuff of legends!
I was 100% confident this was April Fools.
Googling proved me wrong. Wow!
One benefit of leaving the EU was… the opportunity to join a smaller trading agreement on the other end of the world?
Not sure if that’s worth it lol.
It's actually much bigger than the EU and growing whereas the EU is shrinking.
@@A190xx 1st. The EU is the world's largest trading bloc. 2nd. Great Britain is definitly trading many times more goods with the EU.
Ah yes, the famous pacific nation of Great Britain
We own Pitcairn, which is in the Pacific. Who could have guessed that a naval mutiny from 1789 would allow us to join a trading organisation 234 years later!
Don't knock Pacific rimming until you're tried it.
the fact that they have to tout this as a "victory" speaks volumes about their track record so far
The impact appears mainly cosmetic, for the UK to show it made a trade deal after Brexit,” Chris Devonshire-Ellis, the chair of the investment advisory firm Dezan Shira & Associates, told Nikkei Asia. “No one in Asia is taking the pact very seriously.”😂😂😂😂
Downgrade
Its not meant as a replacement.
The CPTPP has potentially a lot of participants but it is neither broad nor deep. It’s not comparable to other free trade zones like EEA, Mercosur or whatever NAFTA is called now.
Why didn’t we have a referendum on this?!
So the UK left the EU to join another union where most of the nations are thousands of miles away from the UK
Do you think the EU mines the ores and makes the parts in Europe? All this stuff is made around the world and merely assembled in Europe. It used to control 20% of world trade in 20% and now just 8% and continues to fall. The Titanic is sinking and you are clambering on to the ship demanding to go down with it.
He said "CPTPP" sooo many times 😂
How many... twitter.com/tldrjack/status/1642105754332143616?t=rMScPFP1JRc24-UdrKlPsw&s=19
@TLDR News that's amazing haha. I can't imagine how difficult it was to say "CPTPP" soo many times 😭
I laughed every time I heard cptpp
It's even better like this... twitter.com/tldrjack/status/1642105754332143616?t=rMScPFP1JRc24-UdrKlPsw&s=19
Congratulations!!! You made it through your commentary saying CPTPP, what 100times? Excellent work.
Billionaire Sunak has LIED to the British people from day one about "government integrity, professionalism and accountability at every level" - 25/10/22.
I'm interested in how long CPTPP-Exit will take. Wasn't like a core part of Brexit that the UK didn't want "dictated" rules from Brussels? Now they're just gonna come from Ottawa and sooner or later from Beijing...
it's pronounced 'Cptppexit'
6 months notice. A future Labour led government can scrap it.
Shows what you know. We don't want a foreign court having ultimate say over our laws. We don't want mass immigration lowering our workers wages. We don't want a political union. Cptpp offers non of this.
It's a trade union not a political union so referendums will never happen on that matter
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Well done TLDR News!
IMO it is a complete waste of time.
Propagated in order to raise political mileage at home but in fact It won't help UK at all. 🤔
Everyone take a shot whenever CPTPP is mentioned … 😂
When in the EU we at least competed with countries on a level playing field. I suspect that we will now have to compete with countries that may not have the same environmental, workers rights and safety standards etc. Even if a lot of our trade may be service related the geographical distance cannot be ignored.
Excellent Sunak! UK needs that
No FTAs with any country in the world, even the EU, can replace EU membership.
It's just not comparable. EU membership removes customs borders. Goods moving within the EU move like domestic shipments. No customs costs, minimal freight costs.
Brexit destroyed all low profit margin trade with the EU that was made possible only though EU membership and close geological proximity.
Short of moving Asia closer to the UK and then removing borders with the countries, nothing can replace EU membership.
I'm not complaining, it is good news; but we literally could not be worse situated geographically to take advantage of this. We couldn't get any further away from the economic centre of gravity of the agreement than we are. Not to mention that now we're going to be even more dependant on the Suez and Panama canals than before, so it's going to involve us in a lot of geopolitics.
Or the UK could use the inter oceanic corridor that Mexico is currently building in the Tehuantepec isthmus.
@@SoronQuenta Mexico can't even keep quiet they drug gangs/quartel and you want them to keep an eye on a inter oceanic corridor?
I wonder if there could be a trade network closer to the UK that they could take advantage of, then again their politicians surely took it into consideration and this was just the best they could do.
Don't worry, plans are being made to tow this septic isle closer to the Pacific. Better weather too.
@@mr.metallic5310 That is an interesting point that I hadn't thought of. Is there any reason to think that we will be able to provide more financial services to these country as a result of this deal?
I am very happy to see the UK finally join us in the CPTPP. Joining this free trade agreement was a major cornerstone of Brexit & the potential is far more than the estimated 1.8 billion increase in UK GDP for the short term.
Glad we have something in place. Too bad there isn't any free trade markets nearer to us....oh wait
I hope they have an equivelant of article 50 for when we get to vote on which block is Best ie cptt or EU.
Take a shot every time they say "CPTPP" in this video, and you'd be dead by the 4-minute mark.
TPP became such a controversy in the US when it was first announced that it likely played a small role in the election of Trump. Very odd to see what it’s doing now.
Hopefully the US eventually joins again. Perhaps if it continues to expand to include more countries like Britain, which Americans largely like and don't see as a threat, and it continues to be painted as an anti-China trade bloc, that can happen.
@@JackHankeAnd The US is not a particular buddy of Britain when it comes to trade & China will likely join the CPTPP at some point.
The Canadian public was broadly hostile to the TPP until the US bailed, several treaty portions that grossly favoured US hegemony over the group were removed and it became a deal that Canada, Japan, Australia, and pretty much every other country thought was much fairer. It’s very unlikely that either China or the US would gain unanimous approval to join since the CPTPP is essentially a deal between economic middle and large powers but has no single dominant power. South Korea and Taiwan are obviously good fits though.
One point you missed in your analysis is that every other proposed member of CANZUK is in CPTPP
Brilliant tactic. They left one international organization to join another international organization. And they really wanted sovereignty. typical uk
Wonder what this will mean for Northern Ireland and the GFA?
It means the UK has tarrif free access to the single market and via the windsor framework we can veto any EU law we don't like.
@@jim-es8qk the UK doesn’t have tariff free access to the EU Single Market nor does it have veto power to block any EU Law
@@jim-es8qk are you high?
It means Northern Ireland, if they accept the framework(stupid DUP) is a mega trading centre.
Northern Ireland will not be part of the uk soon. Not that they will be missed
The TPP allowed extractive companies to sue countries (in an international court) for impacting _future_ profits if a country introduced environmental laws. Not sure if that's still in this incarnation, but it was a big issue the first time around.
Don't look at the small print, embrace the CPTPP dream.
Yep - the UK stops making ICE cars in 2035, but has to accept Japanese imports of the same cars etc.
It's definitely in there, and worse. Check out Matt Kennard.
So, the UK left a trading bloc on its doorstept, where they had written or been in favor of 98% of the rules that bloc had. Then some people thought all those rules were bad, whereas in reality they just didn't want to pay taxes, and used lies to get the people to vote to leave said bloc.
And now, they joined a different trading bloc, where the closest member is 2500 miles away, a bloc where they have to accept rules and regulations that the UK had no input in and where disputes will be adjudicated in foreign courts. Without asking the people for their input.
How does that work again?
One thing to note is that, in 2016, the electorate was offered a (technically non-binding) plebiscite on whether or not to withdraw from the POLITICAL-ECONOMIC union of the EU. There was no public vote regarding withdrawing from the free-trade area of EFTA.
@@nobbynobbynoob That's the other thing, when you ask Brexiteers about it, they'll tell you "That's not the Brexit I voted for" and when you ask what Brexit they envisioned, you get a dozen answers.
Everybody who voted remain voted for the same remain
Look ad his eyes when he says “whether it is a good idea”😂
I find him saying CPTPP this much is kinda funny.
What a triumph - we've give up a 20% discount for the hypermarket next door and exchanged it for a 5% discount for a corner store 50 miles away. Brilliant!
5% of Asia is worth more than 20% of the EU. Western economies are becoming stagnant, bogged down in bureaucracy and green dogma.
@@ietomos7634 Every economy in the whole of human history has done most of its trading with its near neighbours. One of our top 4 trading partners is little Ireland, because they are close by.
To destroy an established relationship with the largest and most properous trading area in history and exchange it for something on the other side of the planet makes absolutely no sense.
Especially when the new trading agreement impinges on our soveregnty is exactly the way that Brexiteers claimed was the major reason for leaving the EU.
And doubly especially when the EU already has perfectly decent arrangements with most of the countries involved, so the net benefit is insignificant.
Why try and defend the indefensible?
@@tullochgorum6323 Do you smoke? I'm guessing you do. Yes, our best, our only trading partners were our neighbours, for centuries. We now live in a world where distance is meaningless. Yes, things from China take time to get here. The upside being it's cheap. Cptpp is purely a trade relationship. The EU started as that but it's now a political union with some dangerous ideology.
@@ietomos7634 If you look at our current export relationships, they are almost exactly in proportion to distance. For example we do far more trade with the small nations of Ireland and the Netherlands than we do with the superpower China. Our trade with the Netherlands is 2/3 our trade with the mighty USA.
So before you start hurling childish insults, maybe you should look at some actual facts? Distance does matter, and that's not about to change.
But you will have to wait ten years to see any benefits
Australia used to trade heaps with the UK. Then they ditched us and joined the EU.
Tories: Let's leave the EU so we don't have to comply with their regulations.
Also Tories: Let's enter a trade deal where we don't have a say and have to comply to their regulations. It's also thousands of kilometers away.
When was brexit about being against trade groups? That was literally the largest factor that kept brits in the EU, it was pretty much everything else.
@@maxdavis7722 You mean all those laws we wrote, that we penned, legislated, and put into place?
The ones we pushed onto the EU? Those ones?
Yeah, we totally didn't want them. Course we didn't. If we wanted them we wouldn't have been in favour of them. Duh.
@@Iltazyara what are you specifically referring too here? Britain could not force laws onto the EU nor did it have the international ability to push that in Europe. “We” as in the brits did not create the laws, the Europeans did and I don’t consider that appropriate when this is a trade organisation. Political will should not be enforced on member states through an economic honeypot.
You seem to think that the UK was really onboard with the EU laws and schemes whilst it was inside the organisation, this is famously not true. The UK had a huge amount of exceptions to rules and schemes because it didn’t want to participate.
The tories were a remain party. They spent £9 million on leaflets supporting EU membership. They hate brexit, they personally benefited from EU membership.
@@maxdavis7722we elected MEPs you muppet. We had the third highest amount of MEPs. We had a big say on European laws.
Lmao this is the second time the british barged into the pacific
Yeah because we all need kangaroo burgers....Another waste of time🤣
Technically it's like the third or fourth time.
wrong. they never leave.
@@paullacey2999 they're pretty good eating!
You should make the CPTPP song!
When did we have a vote on this?