Surf Taiwan News, Browse the World »
Taiwan intensifying efforts to join TPP
Central News Agency
2014-04-24 05:17 PM
Taipei, April 24 (CNA) Taiwan is stepping up its efforts to gain the support of countries negotiating the proposed Tans-Pacific Partnership (TPP), as it prepares to make a bid to join the U.S.-led trade bloc, officials said Thursday. Taiwan is seeking the support of the United States and the 11 other countries involved in the TPP negotiations, Deputy Foreign Minister Ting Joseph Shih told lawmakers at a hearing in the Legislature's Foreign Affairs and National Defense Committee. He said Taiwan has been trying to improve trade links with those countries and has made them aware of its interest in the TPP. The foreign ministry has also been closely following the development of the TPP negotiations and is working on possible titles Taiwan could use to join the trade bloc, Shih said. Vice Economics Minister Cho Shih-chao, meanwhile, told the committee that Taiwan has been communicating with the TPP countries and will first have to deal with several trade issues raised by various states. For example, Malaysia is concerned about tariffs, while Chile, Peru and Australia are concerned about agriculture-related issues, Cho said, in response to lawmakers' questions. On the question of whether Taiwan would try to gain Washington's support by allowing imports of U.S. pork containing the feed additive ractopamine, he said Taiwan has informed the U.S. of its stance on the issue and will maintain separate regulations for beef and pork imports. Taiwan lifted its ban on imports of U.S. beef containing traces of ractopamine in July 2012, paving the way for the resumption of talks under the bilateral Trade and Investment Framework Agreement (TIFA) in March 2013. Until then, the talks had been suspended for more than five years. The TPP is being negotiated by the U.S., Japan, Australia, Peru, Malaysia, Vietnam, New Zealand, Chile, Singapore, Canada, Mexico and Brunei, which are aiming to finish the first round of negotiations later this year. (By Elaine Hou)
HOME |  WORLD |  Politics |  Business |  Sports |  Lifestyle |  TAIWAN |  Technology |  Health |  SUPPLEMENT |  Society |  OPINION
  • Taiwan News  ©  2014 All Rights Reserved.