China to proactively align with high-level global economic, trade rule

04 Mar '22

2 min read

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China will proactively align with high-level international economic and trade rules to further deepen reform and expand institutional opening-up, according to senior commerce officials. Commerce minister Wang Wentao told a recent media briefing that China is willing to negotiate and sign free trade agreements with more economies and countries.

To that end, the country has been communicating and negotiating with the members of the Comprehensive and Progressive Agreement on Trans-Pacific Partnership (CPTPP) and the Digital Economy Partnership Agreement (DEPA), a new type of trade partnership agreement on digital trade signed in 2020 by New Zealand, Chile and Singapore.

China's official applications to join the CPTPP and the DEPA last year have demonstrated the nation's determination to deepen reforms and expand opening-up, while also showing its sincere willingness to strengthen cooperation in international digital economy, and promote innovation and sustainable development, he was quoted as saying by official Chinese media.

Vice minister of commerce and deputy international trade representative Wang Shouwen said the country is willing to fully meet the high standards of CPTPP through active efforts.

The high-standard rules of the CPTPP on e-commerce are also in line with China's efforts to participate in global digital cooperation and continuously improve the business climate for the digital sector, he added.

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