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Kuala Lumpur - As one of the pioneer members of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), Malaysia is looking forward to welcoming China into the fold, anticipated to be as early as next year, according to Malaysia's national news agency Bernama.
Bernama quoted a response by the Ministry of International Trade and Industry (MITI) in reply to the agency's query as saying that Malaysia is particularly encouraged with the recent move by China to formally apply for accession into the CPTPP.
In February this year, the United Kingdom became the first country outside the Asia Pacific belt to formally request for accession into the CPTPP.
Within a span of seven months, it is interesting to see that CPTPP has received another accession request, demonstrating the significant value of this agreement and its attraction to countries within and beyond the Asia Pacific region, Bernama said.
The CPTPP is a trade agreement among Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam.
Malaysia is currently on track in ratifying the CPTPP.