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RCEP and CTPP: The ultimate test of Asian trade

DTrade policies in the Asia-Pacific region are facing severe tests. A special category of free trade alliance will take effect in early 2022. “Regional Comprehensive Economic Partnership”, abbreviated as RCEP in English, adopted 15 countries in China, Japan and South Korea ASEAN countries Until Australia and New Zealand. In essence, Beijing hopes to use the alliance to formulate trade rules in the region. For example, Western countries such as Japan have tried to strengthen RCEP rules to ensure economic property rights, but with little success.

At the same time, China and Taiwan have also applied to join the competing CPTPP alliance. In the “Comprehensive and Progressive Agreement for Trans-Pacific Partnership,” 11 countries including Japan, Australia, Canada and Chile have come together. CPTPP is the more western one of the two alliances.

In addition to free trade, the convention also stipulates other rules to protect the rights of workers and trade unions, environmental protection and competition policies. CPTPP is a bastion for Western values ​​to oppose national capitalism with Chinese characteristics.This is the bastion of America’s destruction as a president Donald Trump In 2017, Obama also passed his country in negotiations. The current President Joe Biden has no interest in correcting mistakes.

China has a long-term view

China’s application to join the agreement is not merely a blatant attempt to exploit the United States for propaganda purposes. The communist regime considers the long-term. This is about making rules in the area. The obstacles for China to join the agreement are great. The difficulty does not lie in trade liberalization. Trade liberalization under CPTPP has a broader scope than trade liberalization under RCEP. The biggest obstacle is whether and how China wants to comply with the rules of equal treatment of private and state-owned enterprises, freedom of cross-border data transmission, or the abolition of forced and child labor. There are no special rules for new members compared to the exceptions for the first members of the Trans-Pacific Partnership.

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