China Officially Applies To Join CPTPP
Fahad Shabbir (@FahadShabbir) Published September 16, 2021 | 08:32 PM
China has submitted an official application to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), the Chinese Commerce Ministry said
BEIJING (UrduPoint News / Sputnik - 16th September, 2021) China has submitted an official application to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), the Chinese Commerce Ministry said.
"On September 16, China's Commerce Minister Wang Wentao sent a formal application to New Zealand's Minister for Trade and Export Growth, Damien O'Connor, to join the CPTPP," the statement says.
The TPP-11 agreement entered into force on December 30. Initially it was signed in 2016, then 12 countries became its participants: the US, Canada, Australia, New Zealand, Singapore, Malaysia, Brunei, Vietnam, Japan, Mexico, Chile and Peru.
Within the framework of the agreement, it was planned to create a free trade zone in the Asia-Pacific. However, in January 2017, US President Donald Trump signed a decree on the US withdrawal from the agreement, after which the remaining 11 TPP countries formed the CPTPP, the agreement of which was signed on March 8, 2018, in Chile.
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