China mulls joining CPTPP

Published November 21, 2020

KUALA LUMPUR: China will consider joining a free trade pact once championed by the US but abandoned by Donald Trump, President Xi Jinping said on Friday.

The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) is an updated version of a giant deal originally backed by former US president Barack Obama as an effort to counter China’s rising might in Asia.

Trump pulled out of it after winning the presidency in 2016 as he turned away from what he viewed as unfavourable multilateral deals, but 11 countries eventually agreed to sign the new version.

Published in Dawn, November 21st, 2020

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