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President Ma stresses all-out efforts to join TPP and RCEP

President Ma stresses all-out efforts to join TPP and RCEP

Taipei, June 25 (CNA) President Ma Ying-jeou said Thursday at a meeting of small and medium businesses that as a country dependent on trade to grow its economy, the Republic of China must not miss out on the opportunity to join the Trans-Pacific Partnership (TPP) and the Regional Comprehensive Economic Partnership (RCEP).
Addressing an assembly of the National Association of Small and Medium Enterprises, R.O.C., President Ma stressed that all-out efforts are required to achieve the targets.
Pointing out the fact that Taiwan does not have diplomatic relations with most of its leading trade partners, President Ma said it is far more difficult to sign free trade agreements with these trade partners than doing business with them.
Since he assumed the presidency, the President said, Taiwan has signed four free trade agreements with five central American countries, an investment cooperation agreement with Japan and economic cooperation pacts with Singapore and New Zealand respectively.
He added, in addition, the Economic Cooperation Framework Agreement between Taipei and Beijing also has enabled Taiwanese businesses to enjoy preferential tariff rates on goods exported to China.
However, Taiwan is lagging behind its competitors in the international market and the disadvantageous position is more and more obvious.
Since member states of TPP and RCEP as a whole account for 70% of Taiwan's export markets, the President said that it is a major task that the nation should make an all-out effort to accomplish.
(By Li-jung Liu and Lillian Lin)


Updated : 2021-09-22 01:53 GMT+08:00