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Accession meant that China would engage in global competition according to rules that it did not make. China's admission was "an enormous multilateral achievement" that marked a clear commitment toward multilateralism. [16] When China joined the WTO, it agreed to considerably harsher conditions than other developing countries.
For those countries who ratified the accession protocol before 16 October 2024, the agreement entered into force from 15 December 2024: Japan: Fully ratified the UK's accession and notified New Zealand on 15 December 2023. [55] Singapore: Fully ratified the UK's accession and notified New Zealand on 17 January 2024. [56]
China's application to CPTPP is unlikely to gain traction. Although not a member of CPTPP, the U.S. can exercise the "poison pill" within the United States–Mexico–Canada Agreement that prevents Canada and Mexico from voting in favour of the Chinese application. [64] On 16 September 2021, China formally applied to join CPTPP. [49]
Hong Kong was declared by China to be covered by its ratification of Conventions I–IV and Protocols I–II from 1 July 1997, [15] the same date the UK renounced their obligations for the territory [16] [17] following the transfer of sovereignty over Hong Kong to China. Colombia: 1961 1993 1995 S 1996 Comoros: 1985 1985 1985 — —
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President Bill Clinton in 2000 pushed Congress to approve the U.S.-China trade agreement and China's accession to the WTO, [13] saying that more trade with China would advance America's economic interests: "Economically, this agreement is the equivalent of a one-way street. It requires China to open its markets—with a fifth of the world’s ...
Kemi Badenoch signs CPTPP accession protocol in New Zealand, in move set to cut tariffs for UK exporters UK formally agrees to join major Indo-Pacific trade bloc, marking largest post-Brexit deal ...
The $1.3 billion bridge, being built by a consortium between state-controlled firms China Communications Construction Company and China Harbour Engineering Company, is expected to be completed by ...