Colombia looking to join TPP trade deal

trans-pacific partnershipColombia has officially put its hand up to join Australia in the Trans-Pacific Partnership free trade deal.

The South American nation has formally notified New Zealand, the depositary of the 11-national deal, of its interest in joining the agreement once it comes into force, New Zealand Trade Minister David Parker announced on Friday.

Colombia is the fourth-largest economy in Latin America.

The CPTPP is made up of Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam.

The United States withdrew from the deal as one of President Donald Trump’s first acts, but has in recent months discussed a return

Last month, Prime Minister Malcolm Turnbull said the United Kingdom had also shown “real interest” in joining the deal once Brexit was finalised.

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