Australia: Member countries find it difficult to negotiate CPTPP

On April 15, Australia, the member countries of the Comprehensive Partnership for Transnational Partnership (CPTPP), did not find any "attractive" to renegotiate this agreement. meet the requirements of the United States. Earlier, US President Donald Trump instructed senior officials to consider re-entering the TPP if a "better deal" could be reached.

Australia's Trade Minister Steven Ciobo stressed that it is not possible to renegotiate fully to meet US requirements at this time, but does not mean that current members of the The CPTPP does not welcome the return of the United States. TPP has included 12 participating countries including Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, Vietnam and the United States. After the United States withdrew from the TPP, the remaining 11 countries attempted to continue the agreement and renamed the agreement into the CPTP, which was formally signed in Chile on March 8. In the context of the threat of trade war between the United States and China, which may explode after two of the world's largest economies "reiterate" their measures to increase import tariffs. "The best way for the US to deal with China is by expanding markets through multilateral agreements like TPP. However, re-joining the TPP could be a complex task as the remaining 11 countries have spent months negotiating without the US to achieve the CPTPP.