GT Online: Communist China’s Bid to Join CPTPP is to Reshape World Trade Rules

Written by: WENJIE

Translated by: billwilliam

Proofread by: April on Earth

Picture Source: The Korea Times

According to a news article on sina.com on September 17, a spokesperson of Communist China’s Foreign Ministry confirmed that it has submitted a formal application to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).

The precursor of CPTPP is the TPP free trade agreement proposed by the Obama administration. Comprised of 12 Pacific region countries that include the United States, this is a free trade agreement with the largest number of member countries covering the largest economy in history. The TPP deliberately excludes Communist China and at that time posed a major challenge to Communist China’s status in international trade. It is also a US initiative to counterbalance Communist China in international trade. However, the US government immediately withdrew from the TPP negotiations after Trump took office, causing a dilemma for the remaining 11 member countries of the TPP. Singapore, Japan, and other countries later proposed to continue to ratify this free trade agreement. Despite US withdrawal, it still covers a population of nearly 500 million; the GDP of member countries totals 11 trillion USD, accounting for about 13% of the global GDP.

Communist China has been promoting its version of a trade agreement called the “Regional Comprehensive Economic Partnership” (RCEP) in a ploy to unite all countries in the Asia-Pacific region against the TPP originally proposed by the US. Whereas being hastily ratified on November 15, 2020, RCEP is a useless trade agreement because one of its important trading partners, India, has withdrawn from the signing of the agreement. To the chagrin of Communist China, India has seen through Communist China’s scheme and does not intend to join its sphere of influence. Japan reluctantly acquiesces not to withdraw from the RCEP only under tremendous pressure.

Yet five days after the ratification of RCEP, Communist China indicated at the APEC summit that it considered joining the CPTPP, attempting to steal the free trade agreement originally spearheaded by the US. Communist China’s goal is to become a hegemon in a bigger international society, because CPTPP has not only higher standards than the World Trade Organization (WTO), but also higher standards than most current trade agreements, including the RCEP.

According to Mr. Miles Guo’s live broadcast on September 17, Trump’s insistence to withdraw from the TPP is a huge blunder—this gives Communist China an opportunity to act as a big bully and to greatly undermine the fairness of international trade. Japan should not repeat the cowardice and compromise during the RCEP negotiations: this time Japan will definitely reject Communist China’s bid to join the CPTPP! By applying for CPTPP membership, Communist China plots to completely replace the United States, to subvert the role of the WTO, to undermine international rules, and to seek dominance in trade rules and negotiation, so that it can blackmail the US and hijack the world.

Reference:

Original Gnews article

Disclaimer: This article only represents the author’s view. Gnews is not responsible for any legal risks.

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