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Priority is to have Taiwan enter TPP: AmCham Taipei

Priority is to have Taiwan enter TPP: AmCham Taipei

Taipei, April 9 (CNA) A priority for the American Chamber of Commerce in Taipei this year is to make sure Taiwan will join the proposed Trans-Pacific Partnership (TPP) trade agreement, its chairman Thomas Fann (??) said on Thursday. As President Ma Ying-jeou (???), Premier Mao Chi-kuo (???) and other political leaders have said, Taiwan as a trade-oriented economy couldn't afford the losses of being kept outside the TPP for a long time, Fann said. Fann called on the Taiwan government to make progress on deregulation and bring the country's statues in line with international standards and convention in the next few months. Ma administration will need the support of the Legislature if Taiwan wants to show its commitment to free trade, Fann pointed out. Fann made the statement at an annual meeting of the AmCham Taipei (??????) in Taipei, with President Ma, former Vice President Vincent Siew (???) and American Institute in Taiwan Director Christopher J. Marut and more than 600 guests participating. Ma said Washington and Taipei have restored mutual trust since his first term began in 2008 and the U.S. has sold more than US$18.3 billion weaponry to Taiwan, which was the highest in nearly two decades. Ma also talked about the 36th anniversary of the enactment of the Taiwan Relation Act, saying thanks to the act, the U.S. could keep selling defensive weapons to Taipei and let Taipei keep its former embassy estate, the Twin Oaks, in Washington. The U.S. government shifted its diplomatic recognition of the Republic of China (Taiwan) to Beijing on Jan. 1, 1979. The Congress passed the Taiwan Relation Act on April 10, 1079. (By Chen Cheng-wei and Kuo Chung-han)


Updated : 2021-09-27 12:39 GMT+08:00