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.

Source: Fibre2Fasion

• USTR Makes Findings and Proposes Action in 60 Section 301 Investigations Relating to Failures to Take Action on Trade in Forced Labor Goods
• [VCCI] The US officially initiates a Section 301 Investigation into Vietnam on Intellectual property
• General Secretary and President To Lam's working visit to three ASEAN countries: Demonstrating the stature of proactive and constructive diplomacy.
• Viet Nam accelerates innovation drive as skilled workforce becomes key to science and technology growth
• The US is increasing controls on AI chip exports