AmCham implores Taiwan to prepare for entry into TPP
Chairman of the American Chamber of Commerce (AmCham) in Taipei Thomas Fann ( ) yesterday implored Taiwan to prepare itself to become a potential member of second-round entry into the U.S.-led Trans-Pacific Partnership (TPP).
Fann made the statement in the 2015 edition of AmCham’s famed annual Taiwan White Paper that was published yesterday. The theme of this year’s white paper is transparency in governmental regulations.
The chairman said the first wave of TPP negotiations is coming to an end and that Taiwan should not view membership of the partnership as an abstract concept any longer.
Taiwan needs to demonstrate its determination to become a dedicated proponent of trade liberalization as well as its adherence to international norms.
During an AmCham press conference yesterday, Fann stated that it is now a critical time for the nation to make a firm decision in undertaking broad regulatory reforms so that it may qualify for the TPP.
Fann went on to state that the AmCham white paper suggests that the Executive Yuan should create a TPP preparation task force that will be responsible for inspecting the process of reform so that government sectors can amend regulations that stray from international standards.
AmCham also suggested an established meeting schedule between the U. S. government and Taiwan for the Trade and Investment Framework Agreement (TIFA), and support for Taiwan in becoming a candidate for the second round of TPP entry.
This year’s white paper also included 77 suggestions, five fewer than the 82 articles of advice proposed last year.
The chairman said that of the recommendations from last year, three have been resolved, while 15 others are being processed at a steady pace.
AmCham will also present the 2015 paper to U.S. government officials during a trip on June 22.
Government Aiming to be a Part of TPP Second-round
In related news, Minister of the National Development Council (NDC) Duh Tyzz-jiun ( ) represented the Taiwan government yesterday in accepting the 2015 Taiwan White Paper from AmCham.
Duh said the government will continue to work toward entering the second-round of TPP negotiations, in the spirit of trade liberalization advancement and steering local regulations toward international norms.
The minister said that in 2013 the publication provided 103 suggestions, with 82 in 2014 and then 77 this year, the least amount of advice from the chamber in eight years.
The decrease in the number of recommendations reflects the willingness and dedication of the government to resolve the issues as pointed out by the chamber, whose efforts are appreciated and should continue in helping Taiwan into the TPP.
Chairman of the American Chamber of Commerce Thomas Fann speaks during press conference yesterday that officially unveiled the chamber’s 2015 Taiwan White Paper. In his speech, Fann implored Taiwan to prepare itself to become a potential member for second-round entry into the U.S.-led Trans-Pacific Partnership.