Chinese-claimed Taiwan said on Wednesday it had formally applied to join the Comprehensive and Progressive (NYSE:PGR) Agreement for Trans-Pacific Partnership (CPTPP), less than a week after China submitted its application.
China’s Foreign Ministry said it opposed Taiwan “entering into any official treaty or organisation”, and on Thursday Taiwan said China sent 24 military aircraft into the island’s air defence zone, part of what Taipei says is an almost daily pattern of harassment.
In a statement late on Thursday, Taiwan’s Foreign Ministry said China had “no right to speak” about Taiwan’s bid.
“The Chinese government only wants to bully Taiwan in the international community, and is the arch criminal in increased hostility across the Taiwan Strait,” it said.
China is not a member of the CPTPP and its trade system has been widely questioned globally for not meeting the high standards of the bloc, the ministry added.
China sent its air force to menace Taiwan shortly after the application announcement, it said.
“This pattern of behaviour could only come from China,” it said.
In a statement also issued late Thursday, China’s Taiwan Affairs Office said China’s entry into the CPTPP would benefit the post-pandemic global economic recovery.
China opposes Taiwan using trade to push its “international space” or engage in independence activities, it added.
“We hope relevant countries appropriately handle Taiwan related matters and not give convenience or provide a platform for Taiwan independence activities,” it said.
The original 12-member agreement, known as the Trans-Pacific Partnership (TPP), was seen as an important economic counterweight to China’s growing influence.
But the TPP was thrown into limbo in early 2017 when then-U.S. President Donald Trump withdrew the United States.
The grouping, which was renamed the CPTPP, links Canada, Australia, Brunei, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam.
Source: Economy - investing.com
