China throws a wrench into a transpacific trade pact
Its application to join the CPTPP may not prosper, but it creates mischief
CHINA’S REQUEST to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) landed on the desk of Damien O’Connor, trade minister of New Zealand, on September 16th. The location was a fitting nod to the deal’s history. In 1999 a meeting between the trade ministers of two small export powerhouses, New Zealand and Singapore, kicked off what became one of the world’s largest free-trade areas.
This article appeared in the Finance & economics section of the print edition under the headline “Wiping America’s eye”
Finance & economics September 25th 2021
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