KUALA LUMPUR (Bernama): As one of the pioneer members of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), Malaysia is looking forward to welcoming economic powerhouse China into the fold, anticipated to be as early as next year. "The Ministry of International Trade and Industry (Miti), Malaysia is particularly encouraged with the recent move by China to formally apply for accession into the CPTPP,” the Ministry responded to Bernama’s query on China’s decision. Widely regarded as the gold standard for regional trade agreements, CPTPP offers immense economic opportunities for both Malaysia and China. The CPTPP is a trade agreement among Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam. Malaysia is currently on track in ratifying the CPTPP, pending a detailed and clear mandate from the Cabinet, Miti had said recently.

Source: The Star September 19, 2021 09:45 UTC