Alexa
  • Directory of Taiwan

Three trade pacts close to completion: economics minister

Three trade pacts close to completion: economics minister

Taipei, Dec. 28 (CNA) Economics Minister Shih Yen-shiang said Friday that talks on trade pacts with China, Singapore and New Zealand will soon be complete, though he would not specify when final agreements will be clinched. "We've reached a consensus on most sectors, with a few sectors still being negotiated," Shih said of a potential pact with China on trade in services. Negotiations on the ASTEP, a pact between Singapore and the Separate Customs Territory of Taiwan, Penghu, Kinmen and Matsu, and an economic cooperation agreement with New Zealand, are "basically complete, with just a few issues waiting to be ironed out," Shih said. He noted that although the public has hoped for free trade agreements soon, "a good pact might be more important than an agreement reached in haste," he said. Shih stressed that the ministry will fight for Taiwan's trade interests and will not compromise on principle just to be done by a certain date, Shih said. On whether any of the three trade deals could be completed by the Lunar New Year, which falls on Feb. 10, 2013, he said only that the ministry will complete the trade talks as soon as possible. (By Huang Chiao-wen and Lilian Wu)


Updated : 2021-05-06 21:49 GMT+08:00