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Taiwan would work to join East Asian bloc: Foreign Ministry

Taiwan would work to join East Asian bloc: Foreign Ministry

Taipei, Oct. 27 (CNA) Ministry of Foreign Affairs (MOFA) officials said Tuesday that Taiwan would work hard on participating in an East Asian trade bloc if such a body were to be established, given the fact that the country plays a role in the global economy and should not be excluded from such an economic grouping.
Japanese Prime Minister Yukio Hatoyama has recently proposed the concept of a trade bloc called the East Asian Community (EAC) , modeled on the European Union, to expand regional cooperation in trade, finance, currency and other issues.
Asked about Taiwan's opinion of the proposal, Charles T.H.
Chen, secretary-general of the MOFA's Association of East Asian Relations, said at a regular press briefing that the bloc, if established, would benefit countries in the region, including Taiwan.
"If an EAC is established, Taiwan would hope to be part of it and would look for ways to make contributions in the bloc. In principle, we very much welcome the idea of forming an EAC," Chen said.
However, MOFA spokesman Henry Chen said it is too early to talk about the issue, as an EAC is only a concept at present. He added that it would be better to express Taiwan's stance on the issue only after consensus is reached among the governments in the region.
The spokesman also said Taiwan's economic strength means it should not be ignored in the establishment of an EAC, given that the country is the world's 18th-biggest trading nation, the 20th-largest economy and holds the world's 4th-largest foreign currency reserves.
"It would be unreasonable to exclude Taiwan from an EAC and we would try our best to become part of the trade bloc and to make contributions, to it," he said.
(By Rachel Chan)




Updated : 2021-06-22 18:47 GMT+08:00