China Applies to Join CPTPP
China officially submitted an application to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, the Ministry of Commerce said in a Sept. 16 post, according to an unofficial translation. The Minister of Commerce, Wang Wentao, sent the application letter to New Zealand's Minister of Trade and Export Growth, Damien O'Connor. A teleconference was held between the two ministers on the work related to China's accession to the influential trade bloc, the ministry said.
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The CPTPP is an 11-member trade group that requires consent from all 11 members to join -- a prospect that may seem daunting for China given recent trade spats with Australia (see 2104220019), one of the CPTPP members. The trade pact's total membership also includes Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam.