China may join TPP

The Global Times reports:

China has planned to expand its network of free trade and is willing to sign more free trade agreements (FTAs) with its trade partners to jointly promote free and convenient trade and investment, Gao Feng, spokesperson of the Ministry of Commerce said at a regular press briefing on Thursday.

The country will boost China-Japan-South Korea FTA talks and free trade talks with Gulf Cooperation Council, Israel and Norway, while actively considering joining the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), Gao said.

This is a promising sign. I’d like both the US and China to join TPP. Reducing tariffs benefits both exporters and consumers.

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