China pushes for negotiations on a trade agreement to 'counterbalance the TPP'.
(Baonghean.vn) - On November 24th, in Beijing, Shen Danyang, spokesperson for the Chinese Ministry of Commerce, stated that China will make every effort to cooperate with the negotiating parties of the Regional Comprehensive Economic Partnership (RCEP).
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| Chinese Ministry of Commerce spokesperson Shen Danyang. Photo: Getty |
Speaking at a press conference, a spokesperson for China's Ministry of Commerce said that regardless of the future of RCEP and the Trans-Pacific Partnership (TPP), China will continue to pursue deep reforms while strengthening its opening-up policy.
Furthermore, Beijing will continue to cooperate closely with members of the World Trade Organization (WTO), constantly strengthening the role of multilateral trade institutions and creating a freer and more favorable environment for global trade.
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| The RCEP agreement will connect the three largest consumer markets in the world – China, India, and ASEAN – in a single agreement covering goods, services, and investment. |
China is currently negotiating the RCEP with 16 Asian countries, including 7 TPP member countries: Japan, Australia, New Zealand, Vietnam, Malaysia, Singapore, and Brunei.
Lan Ha
(According to China Daily)
