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Analysts on China's bid to join CPTPP, strategic competition with U.S.. ; China said it applied to join CPTPP, an 11-nation trade pact formed in 2018 after the US withdrew from the Trans-Pacific Partnership a year earlier
But his administration has not articulated a trade policy on China , and experts have said the US is unlikely to join CPTPP due to domestic politics.
One of the contenders in the race for Japan's next prime minister has reportedly questioned China's ability to meet CPTPP standards. Australian Trade Minister Dan Tehan also stressed in a Wednesday speech that any country that wishes to join the trade pact 'will have to abide by all the rules and the standards
That's because CPTPP is less ambitious than its predecessor TPP and has 'ample exceptions and wide loopholes 'that would help China comply with the more challenging provisions, said Stephen Olson, senior research fellow at Hinrich Foundation, a nonprofit focused on trade issues