(NAFB) – Britain is negotiating to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, or CPTPP. Talks began earlier this week to join the trade deal Britain sees crucial to its post-Brexit pivot away from Europe, according to Reuters.

The CPTPP agreement removes 95 percent of tariffs between its members, including Japan, Canada, Mexico and others. While joining the agreement won’t significantly increase exports for Britain, it will lock in market access, and increases market influence. Reuters points out Britain will need to demonstrate it can meet the existing members’ standards on tariff removal and trade liberalization, and provide clear details on how and when it will do so.

The United States left the trade agreement, then known only as the Trans-Pacific Partnership, during the Trump administration. However, during his campaign, President Joe Biden expressed the possibility of renegotiating and rejoining the CPTPP, but has yet to announce any plans to do so.