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Letzte Aktualisierung: September 20, 2021
Little sympathy for China's CPTPP application
China's bid to become a member of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) trade pact has been met with skepticism from some existing members. "We need to study whether [China] is willing to meet the high standards" required by the trade pact, Japan's Minister of Economy, Trade and Industry Hiroshi Kajiyama said, according to Nikkei Asia. Australia had also expressed its doubts. Australia's Trade Minister, Dan Tehan, referred to tariffs imposed by China on key Australian exports such as wine and barley (China.Table reported) after Australia called for an investigation into the origin of Covid. Few analysts believe China's membership application to the Pacific trade pact will be accepted. The CPTPP has 11 members, including Japan, Australia, Canada, Mexico, Vietnam, and Peru. The UK has also asked to join as a result of Brexit (China.Table reported). nib
