The UK is set to join an Asia-Pacific trade bloc snappily called the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, or the CPTPP. The country will be the 12th member of the CPTPP and second largest economy in a group which already includes Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam. Together the CPTPP represent 13% of the global economy with 500m people. But the economic benefits of joining will be minimal for the UK - the government estimates it will boost British GDP by just 0.08% over the long term. In contrast leaving the EU is estimated to cost the UK a 4% drop in GDP. But joining the CPTPP is part of the government’s key aim of creating "Global Britain" since Brexit and the bloc could prove more beneficial as more countries join.