China officially asked to enter and participate in Trough Basic And Trans Pacific Progressive Partnership (TIPAT), where Mexico is included, To promote higher global economic growth.
The TIPAT is a trade agreement signed in 2018 between 11 countries, Among them are Mexico, Australia, Brunei, Canada, Chile, Japan, Malaysia, New Zealand, Peru, Singapore and Vietnam; It covers 500 million people, and represented 13 percent of global GDP in 2019.
In light of this, China’s Minister of Commerce, Wang Wentao, sent a letter to his New Zealand counterpart, Damien O’Connor, who is currently the “depository” or in charge of the trade agreement, to let him know The intention of the Asian country for full entry into TIPAT.
“The ministers of the two countries held a video conference to communicate on the follow-up work related to China’s official application to join TIPAT,” the Chinese Ministry of Commerce said in a document released on September 16.
On the other hand, Head of the Ministry of Economy Tatiana Kluther took part on the 1st of September Fifth Meeting of the TIPAT للجنة Committee, which was actually implemented, and was chaired by Yosotoshi Nishimura, the minister in charge of the agreement in Japan.
The ministers of the 11 member states adopted a resolution establishing an e-commerce commission to promote business opportunities and better distribute products and services in the region.