China in talks with CPTPP members about inclusion, said commerce ministry

 

>>REAL-TIME UPDATES IN THE WIRE. CLICK HERE<<<

 

 

China is communicating with the members of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) in accordance with the free trade pact’s accession procedure, China’s Ministry of Commerce said on Thursday.

China is committed to high-level opening in its market access that will go beyond the country’s existing treaty practices, the ministry said. China officially applied to join the CPTPP in September, 2021.

To actively push forward with the accession process, China has done comprehensive and deep research and assessment of the pact’s terms and stipulations and combed through reform measures that might need to be adopted, and the laws and regulations that may have to be modified for the CPTPP membership, the ministry said.

“We stand ready to continuously deepen reforms, strive to fully meet CPTPP standards, and make high-level openness commitments in the sphere of market access beyond China’s existing treaty practices,” it said.