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China Formally Applies to Join Asian Trade Deal Trump Abandoned

  • President Xi Jinping first expressed interest in CPTPP in 2020
  • Beijing will need to get the agreement of all 11 members
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WATCH: China has applied to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership. James Mayger reports.(Source: Bloomberg)
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China has applied to join an Asia-Pacific trade pact once pushed by the U.S. as a way to isolate Beijing and solidify American dominance in the region.

The country submitted a formal application letter to join the deal, known officially as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, according to a statement late Thursday in Beijing.