"The Ministry of International Trade and Industry , Malaysia is particularly encouraged with the recent move by China to formally apply for accession into the CPTPP,” the Ministry responded to Bernama’s query on China’s decision.
Within a span of seven months, it is indeed 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. "With the ongoing domestic efforts setting Malaysia right on track towards ratification, and the possible commencement of China’s accession negotiations with the CPTPP membership next year, Miti is confident that bilateral trade and investment ties between Malaysia and China will grow to greater heights in the near future,” it said.
Malaysia is currently on track in ratifying the CPTPP, pending a detailed and clear mandate from the Cabinet, Miti had said recently.
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