US could block Beijing’s CPTPP entry bid: officialBY OTHER MEANS: China could see CPTPP membership as a means of circumventing trade restrictions imposed by the US, amid an ongoing trade dispute between them The US could invoke a clause in its trade agreement with Canada and Mexico to block China’s application to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), a government official said yesterday. Under Article 32.10 of the Exceptions and General Provisions of the United States-Mexico-Canada Agreement (USMCA), if either Canada or Mexico enter a free-trade agreement with a nonmarket economy — such as China — the US could withdraw from the agreement. “If that clause applies to multilateral free-trade agreements such as the CPTPP — which Mexico and Canada are members of — that might be cause for the twoBy Lee Hsin-fang and William Hetherington

Source: Taipei Times September 24, 2021 15:56 UTC