CPTPP countries declare readiness to accept new members

That was the message given by trade ministers of 12 CPTPP member countries at a meeting on November 15 on the sidelines of the 30th Asia- Pacific Economic Cooperation (APEC) Summit Week in San Francisco (USA).

This is the first ministerial meeting to include the UK, which joined the trading bloc last July.

US Secretary of State Antony Blinken (center, left) and US Trade Representative Katherine Tai (center, right) co-chaired the opening session of the APEC Ministerial Meeting in San Francisco (USA) on November 14, 2023. (Photo: VNA)

According to a joint statement posted on the UK Department of Trade website, at this meeting, ministers reaffirmed: "CPTPP is open to economies that are willing to meet the high standards of this agreement and have a demonstrated pattern of compliance with trade commitments."

The CPTPP joint statement also stated that the admission of new members requires the consensus of the entire bloc and that since July, the bloc has been "gathering information on whether aspiring economies can meet the high standards of the CPTPP."

In addition, the bloc will also apply lessons learned from the process of admitting the UK.

Current CPTPP members include Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the United Kingdom and Vietnam.

(Source: Tin Tuc Newspaper)

Source: https://vtc.vn/apec-2023-cac-nuoc-cptpp-tuyen-bo-san-sang-tiep-nhan-thanh-vien-moi-ar834600.html