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Trade

Malaysia welcomes China's bid to join CPTPP

Singapore also backs entry while Japan, Australia and Mexico remain cool

Red flags flutter outside the Great Hall of the People in Beijing. China officially applied to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership last Thursday.   © Reuters

SINGAPORE -- The Malaysian government says it "looks forward to welcoming" China's entry into the 11-nation Trans-Pacific Partnership trade pact, throwing its support behind a bid that has drawn mixed reactions among fellow founding members.

Malaysia's Ministry of International Trade and Industry is "particularly encouraged with the recent move" by China to apply to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, according to a statement Nikkei obtained Sunday. The ministry sees China entering the agreement "possibly as early as next year."

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