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The U.S. reiterates stance on Taiwan's TPP bid

The U.S. reiterates stance on Taiwan's TPP bid

The United States and its business representatives in Taiwan repeated Tuesday its stance on Taiwan's bid to join the U.S.-led Trans-Pacific Partnership (TPP), saying that it welcomes Taiwan's interest in the regional trade bloc.

The American Chamber of Commerce in Taipei (AmCham Taipei) released a statement welcoming a final agreement of the 12-party trade pact, though the details of the agreement have not yet been made public and some political obstacles remain before the deal is ratified by the national legislatures of the countries involved.

Asked about Taiwan's TPP bid by a CNA reporter, the American Institute in Taiwan (AIT), a de facto embassy in Taiwan, repeated remarks made last Thursday by Deputy U.S. Trade Representative Robert Holleyman in Taipei after talks under the bilateral Trade and Investment Framework Agreement (TIFA).

"We welcome Taiwan's interest in the TPP.... [but] any TPP candidate must demonstrate that they are prepared to meet high-standard goals and objectives set by the current TPP members," Holleyman said during the TIFA Council.

AmCham Taipei urged all major political parties in Taiwan to collaborate by paving a way for Taiwan's membership to the TPP, as the country prepares itself for a TPP accession bid and recognizes that it's of crucial significance for the future economic development.

AmCham Taipei also suggested that President Ma Ying-jeou take actions to educate the people of Taiwan about the urgency and importance of its participation in a new era of trans-Pacific trade.

On Monday, the U.S. and 11 other Pacific Rim countries concluded TPP negotiations. The deal covers about 40 percent of the global economy. In addition to the U.S., the other participating countries are Japan, Australia, Peru, Malaysia, Vietnam, New Zealand, Chile, Singapore, Canada, Mexico and Brunei.

Shortly after the agreement, Taiwan's government stated it welcomes the trade pact and repeated its desire to join the trade bloc, saying it will continue to make efforts to achieve the goal of being included in the agreement.

Updated : 2021-09-22 21:37 GMT+08:00