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The 11 CPTPP economies account for approximately 12% of the world's GDP. That number will increase to 15% when the UK completes accession.
The UK remains the fifth largest economy in the world and its consumers have provided a market for NZ for 150 years.
The UK entry adds to the CPTPP's clout and is a good day for trade liberalisation.
Carbon traders weren't surprised at the auction's outcome.
Infrastructure Editor
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articles by Oliver