We are now just ‘weeks away’ from signing our first post-Brexit trade deal, with Japan. Another, with New Zealand, is said to be close behind. Those enigmatic trade deals which the Remain campaign told us were a ludicrous fantasy are already materialising before our eyes, months before we leave the EU in practice in December, when the transition period comes to an end.
But buried underneath the scoop about our astonishing progress in negotiations with Japan was a secondary but even more significant story. International trade secretary Liz Truss now reportedly has ‘senior backing’ for the UK to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (TPP).
The TPP is shaping up to be very important indeed. It is becoming what BRICS was supposed to be, and what the EU always dreamed of being. It could well be the bloc that determines the direction of the global economy and the international political order for the foreseeable future.