China officially applied to join the CPTPP and DEPA in September and November 2021 respectively and has worked actively to advance relevant process.

With regard to the CPTPP, China has conducted in-depth and comprehensive analysis, research and evaluation of all the provisions of the agreement, sorted out measures, laws and regulations that may need reform or revision, and proactively tried out initiatives in the pilot free trade zones where conditions allow and the Hainan Free Trade Port. At present, China is communicating and consulting with CPTPP members in accordance with the accession procedures.

Regarding DEPA, on August 18, 2022, the members established an Accession Working Group to fully launch negotiations. At present, China is having in-depth exchanges with the members on relevant issues of the agreement. Two ministerial meetings, three chief negotiators’ meetings and three technical consultations have been held with positive progress being made. At the same time, many places in China are taking the initiative to align with DEPA and explore practical cooperation in relevant fields with the members.

China sincerely hopes to work with other countries to meet each other halfway and achieve common development through opening up. China looks forward to joining the CPTPP and DEPA at an early date, and stands ready to work with all parties to actively promote regional economic integration, trade and investment liberalization and facilitation, and make positive contributions to world economic recovery. Thank you.