China applies to join Pacific trade pact to boost economic clout | THE DAILY TRIBUNE | KINGDOM OF BAHRAIN

China applies to join Pacific trade pact to boost economic clout

Agencies | Beijing

The Daily Tribune – www.newsofbahrain.com

China has filed an application to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), the commerce ministry said, as the world's second-biggest economy looks to bolster its clout in trade.

Commerce Minister Wang Wentao submitted China's application to join the free trade agreement in a letter to New Zealand's trade minister, Damien O'Connor, the Chinese ministry said in a statement late on Thursday.

The CPTPP was signed by 11 countries including Australia, Canada, Chile, Japan and New Zealand in 2018, reports Reuters.

Accession to the CPTPP would be a major boost for China following the signing of the 15-nation Regional Comprehensive Economic Partnership (RCEP) free trade agreement last year.

Britain in June began negotiations to enter the trade pact, while Thailand has also signalled interest in joining it.