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TPP entry ongoing mission: National Development Council minister

TPP entry ongoing mission: National Development Council minister

Taipei, Oct. 7 (CNA) Joining the U.S.-led Trans-Pacific Partnership (TPP) is a mission that Taiwan needs to complete, National Development Council Minister Duh Tyzz-jiun (???) said Wednesday. Duh made the remark after the 12 founding members finalized an agreement earlier this week to establish the TPP to eliminate trade barriers and enhance investment protection. Although the official text of the TPP agreement has not yet been made public, Duh said the relevant authorities will analyze any possible conclusions that might be reached, as well as some bilateral agreements the U.S. has signed with other countries in the past. Under the TPP's consensus-dominated mechanism, if any nation wishes to join the trade pact, it has to win the unanimous approval of all 12 countries. This means Taiwan needs to revamp its laws and regulations in order to be in line with international norms and prepare itself to meet questions that might be asked by the TPP members in possible future negotiations, Duh added. In order for Taiwan to join the TPP, it will have to deal with thorny issues, including the implementation of non-tariff measures designed to protect local agricultural products. Duh said that if Taiwan cannot meet the demands of the 12 countries, the country will need to come up with alternatives that the founding members can accept. (By Chen Cheng-wei and Lee Mei-yu)


Updated : 2021-09-26 12:17 GMT+08:00