BEIJING, Sept 17 China has filed an application to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), the country’s commerce ministry said on Thursday, as the world’s second-biggest economy looks to bolster its clout in trade. Commerce Minister Wang.
Canada’s westernmost province of British Columbia and the Asia-Pacific Foundation of Canada (APFC) held a webinar on May 27 to discuss opportunities for local firms in investing in Vietnam under the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).
The CPTPP
came into effect in late 2019, and comprises 11 countries including Australia, Canada, Japan and Mexico. It succeeded the Trans-Pacific Partnership (TPP), which former US President Donald Trump
.
Presenting China’s annual government work report on March 5, Premier Li Keqiang said the world’s second-largest economy “will actively consider joining” the agreement. This year’s report, which sets out general guidelines for China’s policies for 2021, has a strong focus on broadening the country’s opening-up policies and increasing international economic cooperation.
Li’s remarks come a month after Beijing’s commerce ministry said at a press conference that it is actively looking into accession to the trade pact in order to foster what it calls a new development paradigm, adding that it is “willing to enhance technical exchanges and communication with all CPTPP members”.
Japan Expects Biden to Rejoin the TPP
The U.S. was critical in convincing Japan to join the trade pact. Now Tokyo wants to bring Washington back into the fold.
By
February 12, 2021
Advertisement
According to an interview with Jiji Press published on January 16, Japanese Foreign Minister Motegi Toshimitsu expressed his expectation that the United States under the administration of Joe Biden would come back to the Trans-Pacific Partnership (TPP) framework. The United States under the Obama administration was a driving force in the TPP, but the Trump administration pulled out of the pact immediately upon taking office. The remaining countries regrouped to form the TPP-11 or the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), a free-trade agreement between 11 countries: Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, Peru, New Zealand, Singapore, and Vietnam. The CPTPP entered into effect in December 2018.