China attempts to grow in Pacific through joining trade agreement

Ulaanbaatar/Mongolia – China is trying to join the Comprehensive and Advanced Trans-Pacific Partnership (CPTPP) and consolidate its power through an 11-member trade coalition, the world’s fastest-growing and most powerful coalition.
Even though the coalition has long been labeled as “anti-China,” member countries have always maintained that the CPTPP is “an open and inclusive accord to which we encourage like-minded parties to join.”
Similarly, China frequently expresses a vague interest. Mongolian researchers see that China is unlikely to join the CPTPP until changes in its dealings with several countries begin.
“President Xi Jinping stated that China’s entrance to the CPPCC will be “considered” during the APEC meeting in November 2020. Beijing formally confirmed its membership less than a year later,” researcher D.Badmaarag said.
The pact establishes significantly higher requirements than tariff reductions, including market access, worker rights, and public procurement restrictions.
Although it is long considered to be geared at China, member nations have underlined that the Comprehensive Pacific Partnership Pact is an open and accessible agreement that would be welcomed by any countries who choose to join, according to Badmaarag.
Meanwhile, researcher T.Nyam stated that as per the state-owned Global Times, Beijing’s membership in the Pacific Partnership Agreement underscores its global trade leadership.
“Aside from China, Indonesia, the Philippines, South Korea, Thailand, and Taiwan are also interested in joining. According to analysts, Xi Jinping is guessing on whether the agreement would reconcile with Biden’s new US government or solidify China’s power,” he added.