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National trade and economic affairs conference ends with ambitious plans

National trade and economic affairs conference ends with ambitious plans

The three-day National Trade and Economic Affairs Conference in Taipei City ended on Monday, and National Development Council Minister Kuan Chung-ming announced the achievements made on this conference, including issuing cross-strait risk assessment reports on an annual basis, speeding up the completion of legalizing cross-strait agreement supervision, and establishing a mechanism of assessing China’s political and economic influence in Taiwan. The conference ended with a wrap-up report on Taiwan’s strategy to join RTAs and cross-strait economic and trade cooperation delivered by Kuan.

“In response to the accelerating integrations between nations on trade and economy and the transformation of cross-strait competitions and cooperation, Taiwan should take immediate actions on joining the Trans-Pacific Partnership (TPP), Regional Comprehensive Economic Partnership (RCEP), and other regional free trade areas, otherwise Taiwan will be isolated like North Korea, Mongolia, East Timor, and the like,” said Kuan.

Kuan also pointed out the four major principles on policy implementation: proactively opening market and setting regulations in line with international standards, carrying out “transparent and stable” cross-strait cooperation, expanding economic and trade cooperation to ensure strengths, and minimizing impacts to less privileged groups.

Updated : 2021-06-20 17:45 GMT+08:00