Taiwan’s CPTPP bid met with a mostly positive response - News Summed Up

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Taiwan’s CPTPP bid met with a mostly positive response


By Stacy Hsu / Staff reporterMost of the 11 nations that are part of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) have responded positively to Taiwan’s bid to join the trade initiative, the Ministry of Foreign Affairs said yesterday. Although different nations have a different tone, most of them have reacted positively to Taipei’s bid, he added. Following the US’ withdrawal in January last year from the Trans-Pacific Partnership, the 11 remaining countries last month concluded discussions on the new Japan-led CPTPP and are expected to sign the agreement in Chile next month. In an effort to facilitate the nation’s bid, Lee said that several government agencies are conducting a comprehensive review of local regulations, while its overseas representative offices are gathering information on the respective pledges made by the member nations. Asked about the possible China factor, Lee said that Beijing’s focus is the Regional Comprehensive Economic Partnership and it currently has no plans to join the CPTPP.


Source: Taipei Times February 27, 2018 15:56 UTC



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