China applies to join trans-Pacific trade pact
... the application made the United States "increasingly isolated".
Baku, Jale Akbar, İnteraz - 17 September 2021, 11:58
It has been reported that China has applied to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), which consists of 11 countries.
In the statement made by the Ministry of Commerce of China, it was shared that Minister Wang Wentao applied to the New Zealand Trade Minister, who is the representative of the agreement, to join the trade pact.
The CPTPP, introduced in 2018, covers labor movements, market access agreements and government procurement.
The official Chinese newspaper, Global Times, said that the application made the United States "increasingly isolated" while reinforcing the Beijing administration's "leadership in global trade".
Other countries that are members of the pact include Canada, Australia, Brunei, Chile, Japan, Malaysia, Mexico, Peru, Singapore and Vietnam, while the UK continues its accession negotiations.
If China joins, the total population of the group members will quadruple, reaching nearly 2 billion.
The CPTPP was an entity supported by former US President Barack Obama to improve relations with Asian countries, but the Donald Trump administration withdrew from the agreement in 2017.
Current US President Joe Biden has made no attempt to rejoin.