China’s counter plan against America’s restrictive strategies.
On Sunday, April 23, 2023, during a press conference in Beijing, China’s Vice Minister of Commerce, Wang Shuwen, announced that China has both the desire and the ability to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and in We are currently studying the conditions, costs and benefits of joining this agreement.
In this press conference, Wang emphasized that the accession of China will benefit this country, all members of this pact and improve the economic situation of the Asia-Pacific region and the whole world. The official expressed hope that all the members of the agreement can support China’s accession, which will lead to a tripling of the consumer base of the members of the agreement, as well as an increase of 1.5 times the total gross domestic product of its members. He requested that all 11 members of the treaty support China’s accession, which requires consensus among all existing signatories.
China formally submitted its request to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership in September 2021, almost two years ago, and now trade and economic officials in the country seem to feel the urgency to become a member of this treaty on an early date. This signal and sense of urgency can be exemplified by Vice Commerce Minister Wang Shun, who said that China is both ready and qualified to join the regional free trade agreement, which has high standards.
Apart from the words of the Deputy Minister of Commerce of China and the declaration of readiness to join this trade agreement, there are other issues for this sense of urgency. For example, the Chinese media China Daily believes that Beijing feels this sense of urgency due to the increasing tendency of economic protectionist policies around the world, as well as the organized efforts of the United States to isolate China from the global economy and isolate it to target China. found to emphasize membership in this trade agreement.
