Asean to benefit from China’s inclusion in CPTPP

Kriengsak Chareonwongsak: “China is a big player, the more they join in (trade pacts), it would cause the competitive advantage paradigm to shift in every bloc.”

KUALA LUMPUR: Asean countries will benefit from China joining the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), said Nation-Building Institute (Thailand) chairman Prof Dr Kriengsak Chareonwongsak.

The CPTPP is a free trade agreement (FTA) between 11 countries around the Pacific Rim, namely Mexico, Canada, Peru, Chile, New Zealand, Australia, Brunei, Singapore, Malaysia, Japan and Vietnam.