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Taiwan secures position in APEC's FTAAP special task group

Taiwan secures position in APEC's FTAAP special task group

Taipei, Feb. 6 (CNA) Taiwan's delegation to the Asia-Pacific Economic Cooperation's First Senior Officials Meeting in the Philippines on Friday announced that the island has secured a vital participatory role in upcoming talks over regional economic integration. Chou Tai-chu (???), director-general of the Department of International Organizations at the Ministry of Foreign Affairs, told the CNA that Taiwan has secured a position in the special task force overseeing the Free Trade Area of the Asia Pacific (FTAAP) regional trade agreement. The announcement was made at the end of the first day of the two-day APEC meeting at the Clark Freeport Zone, situated within Angeles City, about 100 km north of Manila. The special task force will conduct studies on implementing the FTAAP, and is expected to submit its findings before the end of 2016. Chou said that Taiwan's inclusion in the special task force represents a major milestone towards joining the very important regional economic integration organization. The FTAAP in recent years has become one of the top issues discussed among APEC members, and is regarded as an avenue towards integrating the economies of the Asia Pacific and diminishing trade barriers in the region. China last November announced that it will be endorsing the FTAAP during a round of APEC leaders' meeting in Beijing by launching a two-year strategic study. Beijing's endorsement of the FTAAP is regarded as a way to rival the U.S.-led Trans-Pacific Partnership treaty, which exudes China and Russia. (By Emerson T. Lim and Ted Chen)


Updated : 2021-09-27 10:19 GMT+08:00