Why must the United States join the CPTPP?
  Source:CWG Markets 2021-09-27 09:51:02
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The "Wall Street Journal" editorial pointed out that the United States' participation in CPTPP will be more conducive to promoting the interests of the United States in the Pacific region than any arms sales.The US "Wall Street Journal" published an editorial on the 24th pointing out that China has applied to join the "Comprehensive and Progressive Agreement for Trans-Pacific Partnership" (CPTPP) after the United States, Australia and the United Kingdom formed a tripartite security alliance AUKUS, highlighting that CPTPP is related to the strategic balance of regional forces. The United States' participation in CPTPP will be more conducive to promoting the interests of the United States in the Pacific than any arms sales.Former President Trump withdraws from CPTPPFormer U.S. President Trump's withdrawal from the Trans-Pacific Partnership (TPP), the predecessor of the CPTPP, now appears to be a foreign policy mistake of his. This mistake has hindered Trump's other efforts to fight China's hegemony in Asia. was added to make this error more pronounced.China's intention and timing of applying to join the CPTPP remind people that this agreement is not only economic, but also related to the strategic balance of power in the world's most important economic region. The current US Biden administration can build on the success of AUKUS and move towards Moving toward rejoining the pact would do more to advance U.S. interests in the Pacific than any arms sale.The editorial said that although China has great difficulties in joining CPTPP, including Australia, which is already a member state, has hinted that there will be resistance, but China's application shows that it is aware of its strategic importance. One aspect of the struggle between the US and China is the competition over who will formulate the next generation of global computer and communication technology specifications; if China becomes a member of the CPTPP, it will weaken the effect of the US sanctions against the Chinese company Huawei.In addition, US participation in the CPTPP will also strengthen the economies of friendly or neutral countries that the US needs to resist Chinese hegemony, including Vietnam, Malaysia, and perhaps Taiwan.The Biden administration has been largely silent on the issue of returning to the CPTPP for political reasons, fearing anti-trade nationalism, however, attitudes towards China have changed since 2017, and with good marketing, an updated version of the TPP may have Chances of success with cross-party support.Singapore is one of the four founding countries of the agreementCPTPP was originally called the "Trans-Pacific Partnership Agreement" (TPP). It was initiated by Singapore, Chile, New Zealand and Brunei in 2002. It was called the P4 agreement at that time. There is an unwritten practice in international organizations, that is, the opinions of founding member states need to be listened to first. Therefore, in the matter of joining, it is necessary for us to show respect even purely from the level of etiquette.On the other hand, Singapore is also a country with important influence in ASEAN. CPTPP is the icing on the cake for us. When it will be on the table is still a matter of debate. The "Regional Comprehensive Economic Partnership" (RCEP), which fully covers ASEAN, is our main course, and it is ready-made. We cannot put the cart before the horse, so Minister Wang Yi also emphasized this point during the talks: "Continue to deepen cooperation with ASEAN countries and open up new prospects for China-ASEAN relations."Victory soldiers win first and then seek war. Our style is still very stable. So, why are we applying to join the CPTPP while promoting RCEP? The main reason is that CPTPP adopts the highest standard and strictest access conditions in the current global free trade agreement. Joining this agreement has the following advantages for us.Opening up the export channel of high-tech products is conducive to industrial upgrading;This is very obvious. CPTPP requires participating countries not to discriminate against foreign or domestic companies in government procurement. Thinking about what Chinese high-tech companies represented by Huawei have encountered in certain Western countries over the years, the significance of this is self-evident.If China joins the agreement, the series of slanderous arguments advocated by the United States and hyped by slave countries can be included in the ranks of discrimination. At that time, it will be difficult for the United States to allow its own companies to face fair market competition in CPTPP countries. It will be difficult to have the current unscrupulous suppression act.And if the United States also wants to join in the future, it has to fully open its market to Chinese companies.It is of great significance to our industrial upgrading and going global. Think about Huawei, even if there is no US market, the US government can use all kinds of indiscriminate means to suppress it. What will happen when the US market opens up? That picture is simply not too sour.