Caixin OnlinePolitics & LawTop Stories Politics Closer Look: How Agreements Like the TPP Press China to Reform
10.30.2013 17:25

Closer Look: How Agreements Like the TPP Press China to Reform

Major changes to the trade landscape are coming, meaning the country must adapt or risk losing its growth momentum
By staff reporters Zhang Yuanan and Chen Lixiong, and New York correspondent Chen Qin

(Beijing) – When Singapore, New Zealand and Chile launched the Pacific Three Closer Economic Partnership in 2003, few could have predicted the agreement would grow into the greatest force on the economic and political landscape of the region.

The changes began in 2008 when the United States joined the negotiations and proposed launching the Trans-Pacific Partnership (TPP) based on the group formed in 2003, which by then had come to include Brunei. Washington pushed for the group to be even bigger so it would include Australia, Peru and Vietnam. Ever since, the United States has led the push for the partnership.

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