Australia right to block China from TPP trade pact

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Last week, China officially sought to join the 11 member Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), which came into effect in late 2019:

Beijing seeks to join the 11-member Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), formerly called the Trans-Pacific Partnership. Chinese Commerce Minister Wang Wentao presented China’s application to New Zealand counterpart Damien O’Connor and discussed the upcoming process by telephone. Documents were submitted to support the application.

New Zealand acts as the depositary for the CPTPP, the government that handles various administrative tasks for the pact, such as requests to join.

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.