Although the opportunity is quite low, China still applies to join CPTPP, seems to see many diplomatic benefits in the international arena.
From November 2020, Chinese President of the NEWS or Beijing was seriously interested in participating in the Comprehensive Partnership Agreement and Trans-Pacific Progress (CPTPP), once known to the name of Hiep
TPP is the focus of the former Asian rotating strategy of former US President Barack Obama, which is considered an effort to respond to China's growing influence.
Therefore, China's work on September 16 announced to apply for a CPTPP to create a rather irony situation.
These are most likely a diplomatic move, instead of pursuing long-term economic calculations.
Containers at Duong Son Port in Shanghai City, China, in October 2020.
This is similar to promoting China to sign a comprehensive investment agreement with the European Union (EU).
The Global Times of People's Daily, the Chinese Communist Party's speech, also said that CPTPP joiners helped strengthen Beijing's global expensive lead position and make Washington is increasingly isolated.
Peter Petri, expert at Peterson International Institute of Economics, and Michael Plummer, professor at Johns Hopkins University, said that in addition to economic benefits, China can take into account the effectiveness of strengthening diplomatic relations
By applying for accession to CPTPP, China seems to want to prove to the world that they are committed to complying with trade rules, which are an important part of the multilateral order system based on international law
Beijing is likely to expect that with joining CPTPP, they will establish a closer economic relations with Japan, South Korea and Southeast Asia, thereby appending regional political stresses and increases
However, the US is holding a number of weapons to prevent this calculation of China.
Last year's trade agreement between the US, Mexico and Canada (USMCA) also asked the parties to notify each other before signing any free trade agreement with the non-market economy, refers to China.
Two neighboring countries of America are likely to expire USMCA to accept the Chinese to become a CPTPP member, according to Matthew Silbermanis, commentators of the Supchina page.
Bryan Mercurio, expert on the Freedom Trade Agreement and Trade Law at Trung Van Hong Kong University, assessing the application in CPTPP also plays an important role in efforts to build strategic partner images
However, he said China would likely not change the domestic law and policy according to CPTPP standards.
China will face many difficulties and need to take specific actions, and must make diplomatic efforts to win from Member States in CPTPP, strengthen their beliefs and erase doubt