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在线翻译:
szdaily -> World Economy -> 
Japan seeks to expand CPTPP trade pact
    2020-11-23  08:53    Shenzhen Daily

JAPAN aims to expand a major regional free trade pact called the CPTPP, Prime Minister Yoshihide Suga said Friday, potentially catering for China’s and Britain’s interest in joining the deal.

The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) links 11 countries including Canada, Australia and Japan.

“Japan will aspire for the Free Trade Area of the Asia-Pacific through the early conclusion of the RCEP agreement and the steady implementation and expansion of the CPTPP as next year’s chair,” Suga said.

The prime minister made the comment in a pre-recorded video message delivered at the APEC (Asia-Pacific Economic Cooperation) CEO Dialogues, ahead of a leaders’ virtual summit later in the day.

RCEP, or the Regional Comprehensive Economic Partnership, is the world’s largest free trade deal signed this month by 15 economies, while the Free Trade Area of the Asia-Pacific is potentially an even larger pact the 21-member APEC has been aspiring to.

A spokesman for the Chinese commerce ministry said Thursday that China was open to the idea of joining the CPTPP, while Britain earlier this year announced its intent to pursue accession to the pact.

The Japanese economy expanded at its fastest pace in at least 40 years in the July-September period as private consumption and exports improved along with the reopening of the global economy. The result came after a record drop in the second quarter and was better than economists’ forecast.

During his APEC speech, Suga, who became prime minister in September, reiterated his key policy priorities — digital transformation and reduction of greenhouse gases.

“As people’s behavioral patterns shift due to COVID-19, accelerating digital transformation is crucial,” he said.

(SD-Agencies)

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