China Willingness to Participate in TPP Asia-Pacific Expansion Aims to Increase November 21 at 8:16 PM
Chinese President Xi Jinping today announced for the first time that he will “actively consider” participating in the Trans-Pacific Partnership (TPP). While it is difficult for China to join immediately, it seems that the United States is eager to increase its influence in the Asia-Pacific region by showing a willingness to participate in the TPP.
Chinese President Xi Jinping expressed his positive attitude toward participation for the first time at a summit meeting of the APEC-Asia-Pacific Economic Cooperation Conference on August 20, in which Japan and others participated and said he would “actively consider joining” the TPP, which entered into force the day before yesterday.
China has stressed its commitment to promoting free trade as the Trump administration of the United States advances its protectionist policies, and on the 15th of this month, it has agreed with countries in the RCEP-Regional Comprehensive Economic Partnership, in which 15 countries, mainly in East Asia, participate.
However, the TPP has a provision that calls for higher liberalization of tariff elimination rates and rules of trade and investment that are higher than other multilateral trade frameworks, including RCEP, such as correcting excessive preferential treatment for state-owned enterprises and protecting intellectual property, and it is considered difficult for China to participate immediately.
China is expected to increase its influence in the Asia-Pacific region by appealing its stance to promote free trade, keeping in mind that the United States, which has left the TPP, is in a politically unstable state over the transition of power.
Taiwan’s cabinet minister says China is a relatively high hurdle
A Taiwanese cabinet minister who has long wanted to participate in the TRANS-Pacific Partnership (TPP) has won over China’s President Xi Jinping’s willingness to participate in the Trans-Pacific Partnership Agreement.
Taiwan’s economic director, Wang Mihana, pointed out issues such as infringement of China’s intellectual property rights and government subsidies at a press conference on Wednesday, and said, “Taiwan has already met the high standards of the TPP, but in terms of the regime, that standard is a relatively high hurdle for China.”
Taiwan says it is “unable to participate under Chinese pressure” because it is out of the framework of a regional comprehensive economic partnership centered on RCEP-East Asia, which 15 countries, including Japan, China and South Korea, agreed to on the 15th of this month.
Taiwan is strengthening its efforts to encourage Japan and other governments to achieve early participation, as it would be a major political and economic blow if China were to be shut out of the TPP first.
Expert “U.S. Encirclement Network in China: Thoughts to Break Down”
“As the United States leaves the TPP and cannot take leadership due to post-presidential turmoil, China wants to improve its diplomatic image and take the initiative by raising multilateralism and free trade,” said Ichiro Xingxin, a professor at Kanda University of Foreign Studies, who is familiar with China’s situation. I analyzed that there was a desire to take the initiative in relations with the United States.
On that basis, he said, “From the 24th of this month, We are trying to increase opportunities for dialogue with other countries so that Foreign Minister Wang Yi will visit Japan and South Korea. There is speculation that strengthening relations with U.S. allies will break the encirclement of China. Whether it’s RCEP or the TPP, I feel that the key is to take advantage of an economic framework that doesn’t have the United States in it.”
On the other hand, on China’s participation in the TPP, Professor Xingxin said, “There are conditions that China does not want to join the TPP, and if member states are allowed to participate without any reform on the Chinese side, the entire system will collapse. It’s up to us to see if we can actually join.”