The UK is in talks to join a trans-Pacific trade group to boost exports after the UK leaves the European Union, according to reports.
The UK government is exploring becoming a member of the Trans-Pacific Partnership to stimulate exports after Brexit and has held informal talks with the group.
If proposals go ahead, Britain would be the first member of the trade agreement which does not have borders on the Pacific Ocean or the South China Sea.
Liam Fox’s Department for International Trade is believed to be developing the proposals to join the group, which is regrouping after it lost the United States, its largest member, when President Donald Trump withdrew from the agreement last year.
However, it is likely any agreement will have to wait following the UK settling its Brexit departure with the EU, as the UK is not allowed to make any new trade deals before it formally leaves the EU.
A TPP official has said it is too early to discuss any UK plans to join, according to the Financial Times.
