Unified rules, not exclusiveness, can boost trade

Editor's note: One year after the United States withdrew from the Trans-Pacific Partnership agreement, the remaining 11 members have decided to revive it. The trade agreement will now be called Comprehensive and Progressive Trans-Pacific Partnership, Canadian Prime Minister Justin Trudeau said last week. Two experts share their views on the future of the CPTPP with China Daily's Pan Yixuan. Excerpts follow:

New trade pact against rules of globalization

US President Donald Trump pulled out of the TPP and other multilateral agreements ostensibly to reduce the US' trade deficits with other countries, and seek bilateral cooperation in the hope of deriving more benefits for Washington. Trump's move has dealt a blow to other TPP member countries, as they would be deprived of benefiting from the largest economy's market and investment.