Ministry of Commerce: China pledges to expand market access in CPTPP

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China will make more efforts to expand market access further than it does in any existing trade agreement to join the Trans-Pacific Partnership and Comprehensive Advanced Partnership (CPTPP), the Chinese Ministry of Commerce said Thursday.

Based on a comprehensive evaluation of the rules of the TPP Advanced Partnership Agreement, China has drawn up a list of the reforms and revisions of laws it needs to be submitted to the agreement, said Xu Jueting, a spokeswoman for the ministry, at a press conference.

Xu said China will provide win-win business opportunities for each member of the agreement to access the market and seek growth in bilateral trade and investment relations. In early September, China formally applied to join the agreement.

“The bid to join the Trans-Pacific Partnership and Comprehensive Advanced Partnership Agreement shows China’s willingness and determination to deepen reform and open up more broadly,” Xu said.

China is willing to cooperate with all countries within the regional economic integration, liberalization and facilitation of trade and investment, to further contribute to the recovery of the global economy, Xu said. In the future, the spokeswoman said, China will consult with the members of the agreement as stipulated by relevant procedural requirements.

The article Ministry of Commerce: China pledges to expand market access in CPPTP was written in Al Borsa newspaper.