Beijing looking at joining Japan-led Pacific trade pact

Officials in Beijing are reportedly taking a look at the possibility of joining a Pacific-nation trade deal once seen as shunning China, which now includes 11 nations, following the Trump administration’s decision to pull out of the deal. According to a report in The South China Morning Post on Thursday, attitudes towards the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) have been shifting in Beijing. If China were to be successful in joining the deal, it would mark dramatic reversal for the CPTPP, previously called the TPP, which was originally seen by observers as challenge to China’s trade practices. It would also be a response to the new trade deal reached between the US, Canada and Mexico, which contained provisions aimed at excluding China from future trade deals. Should the Trump administration form a similar pact with Japan, it could threaten Chinese market access to the trading partners.

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