The P4 approach: lessons for post-Brexit trade policy?

The P4 countries - New Zealand, Singapore, Chile, Brunei - have had to learn to rely on their ideas rather than their market size for their trade policy success. As Hosuk explained: “What this P4 initiative translated to was not leverage but relevance.”

In this first episode of the Initiatives for Free Trade podcast, Hosuk Lee Makiyama explains the strategies and circumstances which have been the basis of the P4’s success in pioneering new trade ventures, which has included the CPTPP - the world’s gold standard free trade agreement - and presently, looking forward: the Digital Economic Partnership Agreement.

We also discuss how these countries have successfully adapted economically out of circumstantial necessity; and whether their approach to trade might be a model for a post-Brexit UK.