News Snapshot:
CPTPP members are divided on the merits of allowing China to join the agreement. Singapore has been the most eager, Japan the strongest opponent. After China’s campaign of economic coercion against $20 billion of exports, Australia has expressed scepticism about Beijing being allowed to join. Trade Minister Don Farrell did not confirm the UK’s membership but said CPTPP accession matters were decided by consensus of the CPTPP membership. Test case “Any economy seeking to accede to the CPTPP must demonstrate it can meet, implement and adhere to the rules and standards of the agreement, and have a demonstrated track record...
