Taiwan has applied to join a major transpacific trade pact just after a week after China filed its own membership bid, pitting the two adversaries against each other in a race to join.
The formal request by Taiwan to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) will force other members of the pact into a delicate political balancing act.
“We submitted the formal application this afternoon,” an official in Taiwan’s presidential office told the Financial Times on Wednesday.
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