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China officially applies to join CPTPP trade pact

Mista

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Yes Vietnam can torpedo chinese entry, if we want to, however we will let Singapore to do that. Singapore can demand China to do more on human rights or something impossible.
They can bear the brunt of chinese anger.
Lol.

Back in 2014:
^There's translation.

Singapore has welcomed China to join CPTPP


Singapore has been of the view that China's participation in the CPTPP would be beneficial to the countries involved, as well as the region, with PM Lee Hsien Loong previously saying in 2018 that the city-state welcomes China to join the CPTPP when it's "ready".

Foreign Affairs Minister Vivian Balakrishnan has also reiterated Singapore's position on this during his Chinese counterpart Wang Yi's working visit to Singapore from Sep. 13 to 14.

Vivian noted that China should engage in multilateral efforts, such as joining the CPTPP, as it would lead to greater integration of the global economy, which would bring about "bright prospects for the future".
 

casual

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Or Peru
You have almost conflicts with all in the pact from Vietnam, Japan, Australia to Canada that will be a long way. I don’t know why Xi Jingping wants it. That will be a mess.
Funny because China is the largest trade partner to all those countries you listed except Canada.
 

Viet

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Funny because China is the largest trade partner to all those countries you listed except Canada.
Economy is nothing if security is threatened. You can’t expect people to buy Huawei phones when you go around raping other countries and people while bragging you can make many cars and warships.
 

CAPRICORN-88

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Wow. This is a great chess move by China.

imagine what would happens if CPTPP decides to accept USA and rejects China application today.

China next move will be justified.
 

casual

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Economy is nothing if security is threatened. You can’t expect people to buy Huawei phones when you go around raping other countries and people while bragging you can make many cars and warships.
people will buy from whoever offers the best value. your nationalistic views aren't shared by very many people.
 

艹艹艹

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Malaysia looks forward to welcome China in CPTPP next year
Sunday, September 19th, 2021

As one of the pioneer members of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), Malaysia is looking forward to welcoming economic powerhouse China into the fold, anticipated to be as early as next year.

“The Ministry of International Trade and Industry (MITI), Malaysia is particularly encouraged with the recent move by China to formally apply for accession into the CPTPP,” the Ministry respondend to Bernama’s query on China’s decision.

In February this year, the United Kingdom became the first country outside the Asia Pacific belt to formally request for accession into the CPTPP.

Within a span of 7 months, it is indeed interesting to see that CPTPP has received another accession request, demonstrating the significant value of this agreement and its attraction to countries within and beyond the Asia Pacific region.

Widely regarded as the gold standard for regional trade agreements, CPTPP offers immense economic opportunities for both Malaysia and China.

“With the ongoing domestic efforts setting Malaysia right on track towards ratification, and the possible commencement of China’s accession negotiations with the CPTPP membership next year, MITI is confident that bilateral trade and investment ties between Malaysia and China will grow to greater heights in the near future,” it said.

The CPTPP is a trade agreement among Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, and Vietnam.

Malaysia is currently on track in ratifying the CPTPP, pending a detailed and clear mandate from the Cabinet, MITI had said recently.

MITI senior director of strategic negotiations division Arividya Arimuthu said the current administration had made it clear that the government will continue with trade and business-friendly policies and is open to mutually beneficial free trade agreements (FTAs).

“Our ambitious timeline is to get the Cabinet’s directive on where we are heading with regard to the CPTPP by the end of this year, but otherwise, we are looking at the first quarter of 2022 (1Q22),” he said.
 

艹艹艹

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Thailand called upon to reassess impact of CPTPP
PUBLISHED : 21 SEP 2021 AT 09:00

Thailand needs to re-evaluate the impact of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), after China formally applied to join the trade bloc on Sept 16, according to the chief trade negotiator.

Auramon Supthaweethum, director-general of the Trade Negotiations Department, said many parties have been interested in and closely watching the CPTPP which is expected to become a larger market once China becomes a new member of the bloc.

"China's application to join CPTPP will increase alliances and expand the Chinese trade and investment opportunities with CPTPP members, especially in terms of participation in the supply chains of the CPTPP members. That will strengthen China as a source of raw materials and key production bases of the region," she said.

"The expansion of new CPTPP members to cover China and the UK will also increase the attractiveness of CPTPP. Thailand needs to reassess its benefits and the effects that will be emerging carefully."

The CPTPP was launched in 2019 to remove trade barriers among 11 nations representing nearly 500 million consumers in Asia-Pacific or about 6.7% of the world's population, with a combined GDP worth US$10.5 trillion, accounting for 13.3% of global GDP.

The pact replaced the Trans-Pacific Partnership, a similar trade deal that included the US until the Trump administration decided to withdraw.

According to Mrs Auramon, once the bloc includes China, the population of the CPTPP market will enlarge to more than 1.9 billion (25% of the world's population), with combined GDP worth up to $25.3 trillion (30% of global GDP).

However, she noted the size of the CPTPP remains smaller than the Regional Comprehensive Economic Partnership which covers 15 country members, while the latter is currently regarded as the largest FTA in the world with a population of over 2.3 billion (30% of the world's population) and a GDP valued $28.5 trillion (33.6% of global GDP).
 

Suika

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---start---
TAIPEI (Taiwan News) — Taiwan has filed an official application to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) trade group, Economic Affairs Vice Minister Chen Chern-chyi (陳正祺) said Wednesday (Sept. 22).

Economic Affairs Minister Wang Mei-hua (王美花) was likely to explain details about Taiwan’s bid at a news conference Thursday morning, CNA reported.

The news followed reports that China submitted its own application on Sept. 16. The planned Trans-Pacific Partnership became the CPTPP after United States President Donald Trump decided to leave the project, allowing Japan to become the leading economy in the group.

Experts recently warned that once China was allowed to join, Taiwan would face more obstacles in becoming part of a wide regional trade alliance. Another trading bloc, the Regional Comprehensive Economic Partnership (RCEP), has China as its driving force but also includes Japan, South Korea, Australia, New Zealand, and the Association of Southeast Asian Nations (ASEAN).
---end---
https://www.taiwannews.com.tw/en/news/4294261
 

Suika

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---start---
TOKYO (Kyodo) -- Japan welcomes Taiwan's application to join the Trans-Pacific Partnership free trade deal, Foreign Minister Toshimitsu Motegi told reporters Thursday from New York.

Describing Taiwan as an "extremely important partner of Japan" that shares basic values such as the rule of law, Motegi said Tokyo will respond to the island's bid to join the 11-member TPP "based on a strategic point of view and with the public's understanding."

Taiwan's move Wednesday follows a similar bid made last week by mainland China for membership of the trade pact, which involves such countries as Japan, Australia and Singapore. The unanimous approval of all 11 members is required to join the deal.

Japanese ministers with responsibilities related to the TPP did not make similarly welcoming remarks when Beijing applied to join the regional framework on Sept. 16.

Motegi said Tokyo needs to examine whether Taiwan is ready to meet the high-standard market access and other rules of the TPP, formally known as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership.

The other existing TPP members are Brunei, Canada, Chile, Malaysia, Mexico, New Zealand, Peru and Vietnam. Earlier this year, Britain applied for participating in the TPP.

The United States remains cautious about returning to the treaty after its withdrawal in January 2017 under the administration of previous President Donald Trump.
---end---
https://mainichi.jp/english/articles/20210923/p2g/00m/0in/031000c
 

MH.Yang

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---start---
TOKYO (Kyodo) -- Japan welcomes Taiwan's application to join the Trans-Pacific Partnership free trade deal, Foreign Minister Toshimitsu Motegi told reporters Thursday from New York.

Describing Taiwan as an "extremely important partner of Japan" that shares basic values such as the rule of law, Motegi said Tokyo will respond to the island's bid to join the 11-member TPP "based on a strategic point of view and with the public's understanding."

Taiwan's move Wednesday follows a similar bid made last week by mainland China for membership of the trade pact, which involves such countries as Japan, Australia and Singapore. The unanimous approval of all 11 members is required to join the deal.

Japanese ministers with responsibilities related to the TPP did not make similarly welcoming remarks when Beijing applied to join the regional framework on Sept. 16.

Motegi said Tokyo needs to examine whether Taiwan is ready to meet the high-standard market access and other rules of the TPP, formally known as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership.

The other existing TPP members are Brunei, Canada, Chile, Malaysia, Mexico, New Zealand, Peru and Vietnam. Earlier this year, Britain applied for participating in the TPP.

The United States remains cautious about returning to the treaty after its withdrawal in January 2017 under the administration of previous President Donald Trump.
---end---
https://mainichi.jp/english/articles/20210923/p2g/00m/0in/031000c
Let's wait patiently for Japan's final choice.

口が嫌だと言っても 体は正直なものだ
 

Suika

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---start---
SIDNEY (Kyodo) -- Australia will consider Taiwan's application to join the Trans-Pacific Partnership free trade deal "on a consensus basis" with other member countries, Trade Minister Dan Tehan said Thursday.

But Tehan said in a statement that Taiwan's application would require Australia to have senior-level engagement with Taiwan to ensure consistency with the "one-China" policy that Canberra has long established, showing some consideration of China.

The minister has previously stated that Australia will not enter into negotiations on China's possible participation in the deal unless Beijing drops retaliatory tariffs on Australian goods and resumes ministerial level communications between Canberra and Beijing.

Australia has filed multiple complaints against China with the WTO over Beijing's imposition of tariffs on Australian barley and wine exports. But trade negotiations remain at a standstill, with China so far declining invitations to resolve the disputes directly.

The relationship between the two nations has become increasingly strained following Australia's calls early last year for an independent review into the origins of the novel coronavirus.

To join the free trade deal known formally as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, both China and Taiwan will need the unanimous approval of all 11 member countries -- Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam.
---end---
https://mainichi.jp/english/articles/20210923/p2g/00m/0in/057000c
 

艹艹艹

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Vietnam ready to share information, experience in joining CPTPP: Spokeswoman
Vietnam stands ready to share information and experience with China in joining the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), spokeswoman of the Ministry of Foreign Affairs Le Thi Thu Hang has said.

VNA Thursday, September 23, 2021 17:55

Hanoi (VNA) - Vietnam stands ready to share information and experience with China in joining the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), spokeswoman of the Ministry of Foreign Affairs Le Thi Thu Hang has said.

She made the statement on September 23 while responding to reporters’ question about Vietnam's reaction to China's bid to join the deal.

The CPTPP is an open free trade agreement, with comprehensive commitments aiming to bolster economy-trade amongst members, she said.

That the CPTPP receives attention from other economies which hope to become signatories of the trade pact shows its increasing role in promoting regional and international cooperation and economic-trade connections, she added.

In accordance with regulations on relevant procedures, economies seeking CPTPP membership need to meet criteria of the agreement as well as adhere to process and procedures for new members.

Regarding the application of Taiwan (China) to join the pact, Hang reaffirmed that the CPTPP is an open free trade agreement and Vietnam will closely consult other signatories on membership requirements./.
 

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