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China applies to join key Asia-Pacific trade pact

September 17, 2021 5:15 pm
[Source: BBC]

China has applied to join a key Asia-Pacific trade pact as it attempts to strengthen its position in the region.

The move comes the day after a historic security deal between the US, UK and Australia in the region was unveiled.

The Comprehensive and Progressive Agreement for Trans-Pacific Partnership, created by the US, is thought to have been designed to counter China’s influence.

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However, former President Donald Trump pulled the US out of it in 2017.

Chinese commerce minister says the world’s second-largest economy has submitted its application to join the free trade agreement in a letter to New Zealand’s trade minister.

New Zealand acts as the administrative centre for the pact.

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