CHINA SEEKS TO JOIN TPP FREE TRADE PACT TO BOOST ASIA CLOUT
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17.09.2021


The Bangkok Post (17 September 2021)

 

China on Friday began in earnest work to advance its application to become a member of the Trans-Pacific Partnership free trade deal, a day after filing a bid to join the pact in an attempt to increase its economic clout in the Asia-Pacific region.

Chinese accession would have a significant impact on trade in the region and its bid is aimed at countering moves that the United States and other partners are pursuing to decouple from the Chinese economy. It remains uncertain, though, whether China will be allowed to join the pact.

To join the deal, formally known as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, China will need the unanimous approval of the 11 member countries. One hurdle China faces is its strained ties with Australia, one of the TPP members.

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