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China applies to join key Asia-Pacific trade pact

  • Sun Online Desk
  • 17th September, 2021 10:39:41 AM
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China applies to join key Asia-Pacific trade pact

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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 was unveiled.

The pact that eventually became the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), was created by the US, reports BBC.

Chinese commerce minister Wang Wentao said the world's second largest economy had submitted its application to join the free trade agreement in a letter to New Zealand's trade minister, Damien O'Connor.

New Zealand acts as the administrative centre for the pact.