Taiwan outlines international trade pact


CNA

TAIPEI–Taiwan has outlined strategies for joining the U.S.-led Trans-Pacific Partnership (TPP), a free trade deal being negotiated among 11 countries, according to a report by the Ministry of Economic Affairs.

The report, which has been delivered to the Legislative Yuan for reference, said the administration will strive for access by every possible means, including launching international lobbying efforts, organizing presentations and distributing written statements on Taiwan’s TPP bid.

The report also said that in principle, the TPP is open to the participation of all Asia-Pacific Economic Cooperation forum members. In procedure, however, a new member needs the consent of all TPP parties to able to enter the regional economic bloc, the report said.

Bidding for Taiwan’s membership of the TPP has been one of the government’s key economic policies as part of efforts to keep Taiwan from being marginalized. To this end, the Cabinet and its Ministry of Economic Affairs have formed separate task forces to handle TPP-related matters.

To gain knowledge of the administration’s TPP preparations, the Legislative Yuan’s committees of foreign and national defense affairs have invited Minister of Economic Affairs Chang Chia-juch and Foreign Affairs Minister David Lin to deliver briefings on the issue at a joint hearing of the two committees March 25.