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China and CPTPP

China would align with high-level international economic and trade standards in order to further deepen reform and expand institutional opening-up. To that purpose, the country has been engaging and negotiating with members of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the Digital Economy Partnership Agreement. The CPTPP, which has 11 current signatories – New Zealand, Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, Singapore, Peru, and Vietnam – is one of the world's largest multilateral trade agreements. It has high standards in terms of investment, financial services, intellectual property, the environment, and labor rights.