According to the UK 's International Trade Secretary , Liam Fox , the UK could feasibly join the Trans - Pacific Partnership ( TPP ) , saying " it would be foolish to rule anything out " . The organisation is made up of Australia , Mexico , New Zealand , Canada , Chile , Japan , Singapore , Philippines , Peru , Vietnam and Malaysia - with Donald Trump pulling the US out last year - and is currently in renegotiation under the new name of the Comprehensive and Progressive Framework for Trans - Pacific Partnership . It's kind of fantasy. Its aims are to lower both non - tariff and tariff barriers to trade and to provide a framework to settle international disputes .
According to the UK 's International Trade Secretary , Liam Fox , the UK could feasibly join the Trans - Pacific Partnership ( TPP ) , saying " it would be foolish to rule anything out " . The organisation is made up of Australia , Mexico , New Zealand , Canada , Chile , Japan , Singapore , Philippines , Peru , Vietnam and Malaysia - with Donald Trump pulling the US out last year - and is currently in renegotiation under the new name of the Comprehensive and Progressive Framework for Trans - Pacific Partnership . Its aims are to lower both non - tariff and tariff barriers to trade and to provide a framework to settle international disputes .