China officially applied for entry to the Comprehensive Partnership Agreement and Trans-Pacific Progress, after contacting member countries.

The Ministry of Trade of China today announced that the country has officially applied for joining the Comprehensive Partnership Agreement and Trans-Pacific Progress (CPTPP), receiving 11 member countries, including Vietnam, signed the year

Application of Chinese Trade Minister Vuong Van Dao

Chinese Trade Minister Vuong Van Dao.

In May, officials of 4 Member Councils of CPTPP said that the Australian, Malaysia, New Zealand leaders and may have some other countries that have dialogue with the Chinese copay to CPTPP.

Chinese President episodes NEW last year many times publicly spoke about the intention of joining the country's CPTPP.

The precursor of CPTPP is that TPP is considered by the US as an important economic to balance China's increasing power.

If you join CPTPP, China will become the largest economy in the block.

He in January also applied for CPTPP to increase commercial links with this area after leaving the European Union (EU).

CPTPP includes 11 Australian Member States, Brunei, Canada, Chile, Japan, Malaysia, Mexico, Singapore, New Zealand, Peru and Vietnam, which are valid for Vietnam from the beginning of 2019. In total, these countries have 495

The first 6 countries complete the procedure for approval of the Agreement including Mexico, Japan, Singapore, New Zealand, Canada and Australia.