Recently, the Asia-Pacific Economic Cooperation (APEC) Leaders' Meeting reiterated the goal of promoting regional economic integration through the Asia-Pacific Free Trade Area. The Comprehensive and Progressive Agreement for Trans-Pacific Partnership

On November 6th, the Ministry of Commerce held a regular press conference. The spokesperson of the Ministry of Commerce, He Yadong, stated that the Chinese government attaches great importance and actively promotes the work related to joining the CPT

He Yadong said, Recently, two Chinese research institutions, the State Council Development Research Center and the Chinese Academy of Social Sciences research team, have analyzed and estimated the macroeconomic impact of China's participation in CPTP

Positive Effects of China's Accession to CPTPP

Research shows that China's ultra-large market will provide members with greater development space, and China's accession will greatly enhance the global influence of CPTPP.

He Yadong said that according to the research team of the Chinese Academy of Social Sciences, China's accession to the CPTPP will drive the growth of member countries' GDP by 0.2%-1.1% and exports by 2.5%-11.8%. It will also promote the formation of

According to the calculations of the National Research Center, China's participation in the CPTPP will drive the global real GDP to grow by 0.2% and increase the trade volume by 2.8%.

"China will unswervingly expand its high-level opening-up. We hope that all CPTPP members can fully understand the positive significance of China's accession, work with China to accelerate the process of China's accession, and inject greater momentum

China and DEPA Member State-level Meeting

During the Asia-Pacific Economic Cooperation (APEC) Ministerial Meeting, on October 30th, Ling Ji, Deputy Minister of Commerce and Deputy Representative of International Trade Negotiations, attended the ministerial meeting between China and the membe

On November 1, 2021, China submitted an application to join DEPA. On August 18, 2022, China's participation in the working group was established based on the decision of the DEPA Joint Committee, officially initiating negotiations for joining DEPA.

Ling Ji stated that since China joined the DEPA working group over three years ago, we have conducted close communication with member countries at various levels, and negotiations have made positive progress. In recent years, China's digital economy

According to the website of the Ministry of Commerce, members of DEPA have spoken positively about the significant progress made by China in joining DEPA negotiations, and are willing to work with China to push for further progress in the negotiation