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Premier, AmCham discuss Taiwan's TPP bid

Premier, AmCham discuss Taiwan's TPP bid

Taipei, July 8 (CNA) Premier Mao Chi-kuo and an AmCham Taipei delegation on Wednesday discussed Taiwan's efforts to join the proposed Trans-Pacific Partnership (TPP) trade bloc after the group had previously urged Taiwan to accelerate preparations for a TPP bid.
During the meeting, Thomas Fann, the chairman of the non-profit business group, asked Mao how determined the government was to gain access to the TPP and which government agencies were in charge of the bid.
He also reiterated some of the suggestions made in AmCham Taipei's 2015 Taiwan White Paper, including that the premier should create a TPP Preparation Task Force to manage the TPP process and that Taiwan should promote greater transparency in the regulatory process to enhance its qualifications for TPP membership.
In the White Paper, AmCham Taipei stressed that "Taiwan now needs to regard promotion of its candidacy for second-round TPP consideration with an increased sense of urgency, taking decisive action to establish its credibility as a dedicated proponent of trade liberalization."
The impetus for the greater urgency was recent passage in the United States of trade promotion authority that will make it easier for trade legislation to be enacted in the U.S.
Mao acknowledged that with passage of the measure, "the time pressure on us has become greater and faster," and he said Vice Premier Chang San-cheng has been given responsibility to handle the issue.
The premier said Taiwan has been striving for more integration with the international community, and that its current priorities were to promote the signing of free trade agreements with its trade partners and joining the TPP and the Regional Comprehensive Economic Partnership (RCEP).
If Taiwan could become a TPP member, it would be easier to become part of the RCEP since the TPP has adopted stricter membership criteria, Mao said.
Addressing Taiwan's strategies in pushing the TPP bid, Mao said Taiwan will first resolve problems the United States and Japan care about, and then make efforts to win the agreement of other countries in the hope of entering the TPP as soon as possible.
Mao also thanked AmCham Taipei for the many other suggestions it raised in its White Paper. (By Tang Pei-chun and Elizabeth Hsu)


Updated : 2021-09-22 19:25 GMT+08:00