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U.S. sharing information with nations interested in TPP: Kerry

U.S. sharing information with nations interested in TPP: Kerry

Washington, May 7 (CNA) The United States is now sharing information concerning participation in the Trans-Pacific Partnership (TPP) with countries interested in joining the trade bloc, including Taiwan, U.S. Secretary of State John Kerry said. "A number of economies have expressed interest in the TPP, including the Philippines, South Korea and Taiwan. We have begun the process of sharing information on the objectives and standards of TPP and the kind of reforms that would likely be required for them to join," Kerry said in a written statement. The statement was made in response to a question submitted Feb. 25 by Rep. Ed Royce, chairman of the House Foreign Affairs Committee. Kerry said consensus among the current TPP parties would be required for any new countries to join, and the administration would make any decision regarding new entrants to the TPP in close consultation with Congress and its domestic stakeholders. "At this stage, however, we are sharply focused on completing the TPP negotiations among the current 12 members," he said. He said the TPP is a concrete manifestation of the United States' rebalancing strategy toward Asia. If the U.S. does not lead, it risks ceding leadership to other countries that do not share its interests and values and will push regional initiatives with weaker standards, he said. "The TPP will help the United States to remain a major economic and strategic force, allow U.S. companies and exporters to be leading commercial players, and ensure regional initiatives to reflect U.S. values and principles," Kerry said. "We must keep the United States at the heart of trade discussions in strategic regions like the Asia-Pacific." Asked how will the U.S. will support Taiwan's efforts to achieve a diversified trade policy, Kerry said the U.S. greatly values its economic and commercial relationship with Taiwan, its 10th-largest trading partner and a major investor in the U.S. economy. "Through the U.S.-Taiwan Trade and Investment Framework Agreement (TIFA), we continue to encourage the development of a more liberalized trade policy in Taiwan," he said. (By Tony Liao and Y.F. Low)


Updated : 2021-09-25 08:04 GMT+08:00