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Minister calls for Japan support for trade bloc bid

Minister calls for Japan support for trade bloc bid

Taipei, July 25 (CNA) A Taiwanese Cabinet official on Friday called for Japan's assistance as Taiwan seeks to enter two regional free trade blocs under negotiation, the Trans-Pacific Partnership (TPP) and the Regional Comprehensive Economic Partnership (RCEP). "The regional economy is very much crucial to Taiwan," explained Minister without Portfolio John Deng during a Taiwan-Japan industrial cooperation forum in Taipei. Deng said that given Japan is negotiating its own entry to the TPP and RCEP, he hopes it can give Taiwan, its neighbor, a hand by offering consultative opinions. Taiwan and Japan have signed several substantial cooperative agreements in terms of investment, fisheries and financial supervision, according to Deng, who also stressed the strong cultural ties between the two countries. He added that he expects 4 million visitors to travel between Taiwan and Japan this year. The number for last year was 3.77 million, according to the Tourism Bureau.
Deng also suggested that Taiwan and Japan can work together in biotechnology. Combining Japan's medicine brands and R&D capabilities, Taiwan's strength in telecommunication technologies could accelerate the marketing of new medical equipment and drugs to meet increasing demand in aging societies and emerging countries, the official said. (By Wu Ching-chun and Elizabeth Hsu)


Updated : 2020-11-30 10:48 GMT+08:00