China’s membership in the United States-inspired Trans-Pacific Trade Group sees it as a conservative nationalist in a country eager to embarrass President Joe Biden and a means to push through tough domestic economic reforms. Calling the Liberals.
But Beijing must first win the support of marginalized member states of recent years, including Australia and Canada.
Chinese officials and analysts officially in Beijing Request to participate The comprehensive and progressive agreement on the Trans-Pacific Partnership is a successor to the one that was established and was abandoned by the United States after the agreement, showed President Xi Jinping, engaged in the difficult economic and financial reform of the second largest economy in the world.
Beijing officially requested to participate in the CPTPP on Thursday within 24 hours of the announcement of the new military partnership by the United States, Australia and the United Kingdom. Aukus, aimed at countering China’s military rise. Chinese officials and analysts said there was “no relationship” between the two announcements.
Zhao Lijian, Chinese Foreign Ministry spokesperson, said, “We believe that China’s participation in CPTPP will facilitate economic integration in the Asia-Pacific region and promote post-covid economic recovery, development of trade and investments. It is said.
“China is working for economic cooperation and regional integration. The United States and Australia wage war and destruction.
Mr. Zhu Feng, an expert in international affairs at Nanjing University, called the decision a “very important signal” and said it would lead to “reform and opening up.”
“CPTPP is [trade group] At a relatively high threshold, ”he said. “China wants to participate, so China must decide to meet this requirement.
“The United States is unhappy with China on trade. Currently, China has shown a desire to strengthen its political orientation and integrate into the international community.
Xi and his advisers want SOEs to maintain their advantage over strategic industries. Long term campaign Reduce the power of the private groups that dominate China’s internet economy.
But they also want to compete on their own with Western multinationals. This is a goal supported by the relatively strict CPTPP rules on industrial subsidies and public enterprises.
“Is this a serious sign that China wants to regain economic reforms, or is it just spectacular?” Former New Zealand trade negotiator Stephen Jacobi said:
“Perhaps this is an attempt on their part to work on how they can reform their SOE sector… Their SOE behavior is severely constrained by the CPTPP. price.”
However, some Japanese ministers were quick to point out other areas that could hinder China’s entry, such as intellectual property, data flow, and the CPTPP’s strict rules on labor. “Is China really ready to participate? Finance Minister Taro Aso asked on Friday.
Canberra Staff Ottawa is also wary of China’s request, as it believes Beijing has violated World Trade Organization promises by calling for trade retaliation during a diplomatic dispute.
The three main members of the CPTPP file a complaint against China with the World Trade Organization. Japan is steel, Canada is rapeseed and Australia is wine.
Chinese officials are angry at Canada’s call for a full investigation into the Covid-19 pandemic in Australia last year and Canada’s detention of Chinese telecommunications executives in 2018 until it can be returned to the United States for fraud. I got up.
In response to the latter, the Chinese government Detained two CanadiansOne of them is a former diplomat.
Australian Trade Minister Dan Tehan said China’s “compliance” with other trade agreements would affect the implementation of the CPTPP. “The CPTPP parties want to be sure that the candidate will keep his promise in good faith,” he added.
Australian Independent Senator Rex Patrick argued that China must “do the right thing” and stop “waiving trade sanctions here and there, everywhere” before entering the CPTPP.
“We cannot make any false claims about some of our products because we were selling wine in the Chinese market at prices below market prices,” Patrick told the Financial Times. “It is clear that we did not do this.
However, withdrawing these and other disputes may even make it difficult for China to reach the starting line of the CPTPP, as members must agree to enter negotiations with the requester first. It means there is sex.
It took four months for member states to agree to start membership negotiations with the UK, and the UK formally applied for membership in the CPTPP in February.
“Look at the problem [China] Market access alone will ask a lot of people if this is really good. “These questions go deeper than the questions being considered in the UK.”
Tom Mitchell in Singapore, Emma Chow in Beijing, Edward White in Seoul, Anthony Clan in Sydney, Kana Inagaki and Robin Harding in Tokyo
China must convince Canada and Australia before trade pact negotiations can begin Source link China must convince Canada and Australia before trade pact negotiations can begin