Jeffrey J. Schott (PIIE)
China's application to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) opens a negotiating process that will be time-consuming and contentious. The move by Beijing also confronts President Joseph R. Biden Jr. with some urgent decisions on whether to rejoin the trade accord or let China and others take the lead in the Asia-Pacific region.
The Peterson Institute for International Economics building is closed to staff and visitors until further notice. PIIE personnel are working remotely, with access to telephone messages.