Taiwan wants to join the Pacific trade alliance

Taiwan has submitted an application to join the Pacific trade alliance Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), Bloomberg reported Wednesday, citing two sources. The membership application comes just days after China submitted its own application for membership (China.Table reported). Taiwan has been trying to enter the alliance for several years, Bloomberg writes. But since Beijing rejects any cooperation with Taiwan, only one of the two countries will be able to gain access to the trade alliance.