Tai­wan could en­ter TPP fol­low­ing launch: MOEA

The China Post - - LOCAL - BY CHI- HAO JAMES LO

The Min­istry of Eco­nomic Af­fairs (MOEA) yesterday said the most op­ti­mal time for Tai­wan to be­come a po­ten­tial mem­ber of sec­ond-round en­try into the U.S.led Trans-Pa­cific Part­ner­ship (TPP) would be af­ter the launch of the part­ner­ship, which is es­ti­mated to hap­pen by the end of next year.

Dur­ing a meet­ing with the Ex­ec­u­tive Yuan’s In­ter­na­tional Econ­omy and Trade Strat­egy Com­mit­tee that also ad­dressed the progress of the TPP and the Re­gional Com­pre­hen­sive Eco­nomic Part­ner­ship (RCEP), Vice Premier Si­mon Chang ( ) im­plored the MOEA to con­tinue to mon­i­tor and col­lect opin­ions re­gard­ing the TPP from the na­tion’s over­seas of­fices. Chang also en­cour­aged of­fi­cials to pro­vide pro­grams that would help to com­mu­ni­cate the part­ner­ship pos­i­tively to the gen­eral public.

In a state­ment, the MOEA said that ac­cord­ing to re­search, the U.S. Trade Pro­mo­tion Au­thor­ity Act (TPA) would be likely launched in July this year, with the TPP likely to pass in Au­gust.

Fol­low­ing the pass­ing of both reg­u­la­tions, all mem­ber-na­tions of the TPP will be­gin to com­plete all le­gal pro­cesses do­mes­ti­cally so that the part­ner­ship will be of­fi­cially im­ple­mented by the end of next year.

The MOEA went on to say that fol­low­ing the of­fi­cial launch of the TPP, the time would be most ben­e­fi­cial for Tai­wan to ap­ply to be­come a sec­ond-round en­try mem­ber to the part­ner­ship.

Cur­rently, the na­tion ought to lobby for the sup­port from ac­cepted mem­bers of the TPP to pre­pare for a more per­sua­sive ar­gu­ment dur­ing Tai­wan’s part­ner­ship ap­pli­ca­tion by show­ing the world that the coun­try is ready and will­ing step up and be­come a global na­tion.

On the topic of the ex­e­cu­tion of the Agree­ment be­tween Sin­ga­pore and the Sep­a­rate Cus­toms Ter­ri­tory of Tai­wan, Penghu, Kin­men and Matsu on Eco­nomic Part­ner­ship (ASTEP), the MOEA said that the ASTEP is the first eco­nomic co­op­er­a­tion agree­ment be­tween Tai­wan and a South­east Asian coun­try, and is also an im­por­tant step to con­nect Tai­wan with the rest of the world.

The Ex­ec­u­tive Yuan said the cur­rent idea of free trade agree­ments has al­ready ad­vanced to be­come dif­fer­ent from the tra­di­tional lo­cal un­der­stand­ing. As such, the Ex­ec­u­tive Yuan has tasked all re­lated agen­cies to con­duct sur­veys to bet­ter un­der­stand the im­pact and ac­cep­tance the gen­eral public has of part­ner­ships such as the TPP and ASTEP.

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