China attempts to grow in Pacific through joining a trade agreement

(LANKAPUVATH | MONGOLIA) – China is trying to join the Comprehensive and Advanced Trans-Pacific Partnership (CPTPP) and consolidate its power through an 11-member trade coalition, the world’s fastest-growing and most powerful coalition.

Even though the coalition has long been labeled as “anti-China,” member countries have always maintained that the CPTP is “an open and inclusive accord to which we encourage like-minded parties to join.” Similarly, China frequently expresses a vague interest.

Mongolian researchers see that China is unlikely to join the CPTPP until changes in its dealings with several countries begin. The pact establishes significantly higher requirements than tariff reductions, including market access, worker rights, and public procurement restrictions.

Source: A24 News Agency

Leave a Reply

Your email address will not be published. Required fields are marked *