CPTPP will keep drawing keen parties, say experts

But US and China unlikely to be among them even though they stand to benefit

File photo of a cargo ship at an industrial port in Tokyo, on Aug 18, 2016.
File photo of a cargo ship at an industrial port in Tokyo, on Aug 18, 2016. PHOTO: REUTERS

The US and China are highly unlikely to join the line of economies keen to be part of the landmark Pacific Rim trade deal that recently entered into force, even though they stand to benefit from doing so, said a panel of trade experts and Asian diplomats on Thursday.

Nonetheless, the 11-nation Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) will continue to attract interested entrants, despite the fact that the joining process may take time due to the high standards imposed on all members of the trade pact, they said.

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A version of this article appeared in the print edition of The Straits Times on January 12, 2019, with the headline 'CPTPP will keep drawing keen parties, say experts'. Subscribe