Singapore backs Beijing's CPTPP bid, Chinese ministry says

[steveluv]

https://asia.nikkei.com/Economy/Trade/Singapore-backs-Beijing-s-CPTPP-bid-Chinese-ministry-says?utm_campaign=GL_asia_daily&utm_medium=email&utm_source=NA_newsletter&utm_content=article_link&del_type=1&pub_date=20211018123000&seq_num=17&si=44594

Singapore backs Beijing's CPTPP bid, Chinese ministry says
Xi wants RCEP to enter into force as scheduled

Chinese President Xi Jinping spoke with Singaporean Prime Minister Lee Hsien Loong by phone on Oct. 15.   © Reuters
TSUKASA HADANO and TAKASHI NAKANO, Nikkei staff writersOctober 16, 2021 01:11 JST

BEIJING/SINGAPORE -- Singapore has welcomed China's application to join the CPTPP trade agreement, the Chinese Foreign Ministry said Friday.

Singaporean Prime Minister Lee Hsien Loong told Chinese President Xi Jinping in a call that day that Singapore "welcomes and supports" China's application to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, "which will benefit the prosperity and development of the region," a Chinese statement said.

A release from the Singaporean Foreign Ministry did not mention any discussions regarding the CPTPP.

Xi expressed China's willingness to help put the Regional Comprehensive Economic Partnership -- a separate, broader trade agreement -- into effect as scheduled.

Since China and Taiwan both applied to join the CPTPP in September, Xi has been working to win over the pact's Southeast Asian and South American members. The Chinese Foreign Ministry has also said that Chilean Foreign Minister Andres Allamand said his country "firmly supports" China joining the CPTPP on a call with Chinese Foreign Minister Wang Yi earlier in the week.

But countries like Australia and Canada, which are at odds with China over security issues, are believed to have reservations about Beijing joining the framework.

The CPTPP's current members are Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, Peru, New Zealand, Singapore and Vietnam. Admitting a new member requires unanimous agreement.

Edited October 18, 2021 by steveluv

[t0y0ta]

SG will support everyone (even TW) who wants to join. This is our way to appearing friendly and neutral.

[inlinesix]

Last Friday, LHL and XJP speaks over the phone.  This is the press release from MFA of respective countries.

https://www.mfa.gov.sg/Newsroom/Press-Statements-Transcripts-and-Photos/2021/10/20211015-PM-call-XJP

https://www.fmprc.gov.cn/web/zyxw/t1914826.shtml

[Jamesc]

Everyone money is the same colour.

[Thaiyotakamli]

When china join its like 1/5 of global population join, 1/5 of global economy (based on GDP) and probably about 30% of global production is in china

[Didu]

2 hours ago, happy_man said:

From MTI 5 Oct  - Written reply to PQ on whether Singapore plans to support China's application to join the CPTPP

https://www.mti.gov.sg/Newsroom/Parliamentary-Replies/2021/10/Written-reply-to-PQ-on-whether-Singapore-plans-to-support-Chinas-application-to-join-the-CPTPP

"Singapore welcomes China’s interest to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP)."

This article is not saying much lah. It's like someone asking if the item you put up on Carousell for sale is still available. Seller replies, "Thank you for your interest." But there's no commitment to deal yet. 

Edited October 18, 2021 by Didu

[inlinesix]

57 minutes ago, Didu said:

"Singapore welcomes China’s interest to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP)."

This article is not saying much lah. It's like someone asking if the item you put up on Carousell for sale is still available. Seller replies, "Thank you for your interest." But there's no commitment to deal yet. 

“Singapore welcomes China’s interest to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). The CPTPP is an open and inclusive agreement that is open to accession by any economy that is willing and able to meet the high standards of the Agreement. Expansion of the Agreement will enhance further economic integration and boost plurilateral economic ties. It will also create the foundation of a Free Trade Area of the Asia-Pacific and beyond.

2. CPTPP Parties will discuss matters on accession and any decision will be taken by consensus amongst the Parties.”

😂