China Asks Australia to Join Regional Trade Pact despite Recent Economic Conflict

The Chinese government wrote to Australia asking for its support to join the Trans-Pacific trade pact despite the two countries’ recent economic tensions.

“China’s accession to the CPTPP would yield large economic benefits,” Beijing’s embassy wrote in its lobby to Australia to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership.

“The Chinese economy and the Australian economy are highly complementary with enormous potential in cooperation,” Beijing said.

China emphasized that Australia remained an important economic partner, enumerating the countries’ ties in terms of trade and investment.

China has blocked more than $20 billion of Australian exports after the latter pushed to investigate the origins of the COVID-19 virus in Wuhan last year, but said that it is committed to trade liberalization.

The Chinese embassy’s submission to the Australian government did not address the two countries’ trade conflicts, which involved Beijing blocking key Australian products including coal, barley, and wine.

China said that it should be considered into the CPTPP for its trade and investment initiatives, and because it “is a firm supporter of, active participant in and important contributor to the multilateral trading system.”

© Fourth Estate® — All Rights Reserved.
This material may not be published, broadcast, rewritten or redistributed.