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China Applies for Joining Trans-Pacific Partnership Agreement, Japan: Must Observe Whether they can Follow the Rules

Chinese Commence Ministry announced they had formally applied for joining the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). It is a free trade agreement involving 11 countries with approximately 5 billion population. However, it is still unknown whether China can successfully apply. According to Japanese media, Rotating Presidency Country Japan believed that they have to observe whether China can follow the strict rules of CPTPP.

Chinese Commence Ministry stated that Minister Wang Wentao submitted a CPTPP application letter to Damien O’Connor, New Zealand Minister of Trade and Export. The two ministers also held a conference call on the application.

Source: Stand News #Sep17

https://bit.ly/3arq5Tn

#China #CPTPP #Japan #FreeTrade #NewZeland #Export #WangWentao #DamienOConnor
China applies to join Pacific trade pact to boost economic clout

Japan said it would have to determine if China meets the "extremely high standards" of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) after the world's second-biggest economy formally applied to join.

Commerce Minister Wang Wentao submitted China's application to join the free trade agreement in a letter to New Zealand's trade minister, Damien O'Connor, the Chinese ministry said in a statement late on Thursday.

The CPTPP was signed by 11 countries including Australia, Canada, Chile, Japan and New Zealand in 2018.

Source: Reuters #Sep18

https://www.reuters.com/world/china/china-officially-applies-join-cptpp-trade-pact-2021-09-16/

#China #Japan #Trade #CPTPP