China officially applies to join CPTPP trade pact - Politics Forum.org | PoFo

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#15190817
Rapid reaction to Bidens feeble nuclear sub deal with Australia? New Zealand was the weak link, too friendly to China, shouldn't have given it the ability to induct new members. :lol:

China has formally moved to join a Pacific trade pact involving Japan, Australia, Malaysia and other regional economies, the Chinese Ministry of Commerce said Thursday.

Beijing seeks to join the 11-member Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), formerly called the Trans-Pacific Partnership. Chinese Commerce Minister Wang Wentao presented China's application to New Zealand counterpart Damien O'Connor and discussed the upcoming process by telephone. Documents were submitted to support the application.

New Zealand acts as the depositary for the CPTPP, the government that handles various administrative tasks for the pact, such as requests to join.

In a speech to the Asia-Pacific Economic Cooperation summit via video in November 2020, Xi said China "will favorably consider" joining the CPTPP.

China is also pushing to meet the Jan. 1 target for the start of the 15-member Regional Comprehensive Economic Partnership, the wide-ranging trade pact that includes Southeast Asia. This and its application to join CPTPP are part of an effort by Beijing to expand its economic influence on the global order.


This is hilarious. The US initially made this new economic bloc to counter china’s rising economic influence in the region....only for it to backfire when it got left out of its own creation. Now China is using the CPTPP as a vehicle for influence.
https://www.reuters.com/world/china/chi ... 021-09-16/

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