Na­tion to con­tinue pro­mot­ing eco­nomic, trade lib­er­al­iza­tion: BOFT

The China Post - - LOCAL -

Although trade min­is­ters in the just- con­cluded Trans- Pa­cific Part­ner­ship ( TPP) meet­ing did not reach an agree­ment or con­sen­sus on the sign­ing of a pro­posed re­gional trade pact, Tai­wan will con­tinue to pro­mote eco­nomic and trade lib­er­al­iza­tion as part of its ef­forts to join the planned re­gional trade bloc, the Bureau of For­eign Trade ( BOFT) said Satur­day.

“We will con­tinue to ac­tively make prepa­ra­tions for the par- tic­i­pa­tion of our coun­try in the TPP,” BOFT said in a state­ment, adding that re­lated gov­ern­men­tal agen­cies will con­tinue to ob­serve the fu­ture de­vel­op­ments of the is­sue closely.

Based on the free trade agree­ment signed be­tween South Korea and the United States, Tai­wan has been mak­ing prepa­ra­tions for join­ing the TPP since last year. “We are hop­ing to be able to join the sec­ond round of the TPP ne­go­ti­a­tions,” the BOFT added.

Over the past year, the Mi­nis- try of Eco­nomic Af­fairs ( MOEA) and other re­lated gov­ern­men­tal agen­cies have held some 130 meet­ings with dif­fer­ent in­dus­trial or­ga­ni­za­tions and trade unions at the na­tional and lo­cal lev­els on Tai­wan’s par­tic­i­pa­tion in the TPP, aimed at hear­ing their opin­ions on the is­sue, the BOFT in­di­cated, re­it­er­at­ing that the gov­ern­ment will con­tinue to do so in a more ac­tive man­ner, in or­der to make the gen­eral public more aware of the im­por­tance of the is­sue for Tai­wan.

In ad­di­tion, the MOEA has been or­ga­niz­ing ac­tiv­i­ties in se­nior high school cam­puses around Tai­wan for the first time this year, with the goal of ed­u­cat­ing Tai­wanese youth about the cur­rent state of re­gional eco­nomic in­te­gra­tion.

Af­ter con­clud­ing the TPP min­is­te­rial meet­ing held July 28-31 in Maui, Hawaii, U.S. Trade Rep­re­sen­ta­tive Michael Fro­man said that the ne­go­tia­tors will con­tinue to en­gage ex­ten­sively, ad­mit­ting how­ever that the next min­is­te­rial meet­ing has not yet been set.

The TPP is a pro­posed trade agree­ment be­tween sev­eral Pa­cific Rim coun­tries with the goal of en­hanc­ing trade and in­vest­ment among the TPP part­ner coun­tries. A to­tal of 12 coun­tries are now par­tic­i­pat­ing in the ne­go­ti­a­tions over the sign­ing of the pro­posed agree­ment ini­ti­ated by the U. S., in­clud­ing Brunei, Chile, Sin­ga­pore, New Zealand, Aus­tralia, Canada, Ja­pan, Malaysia, Mexico, Peru, Viet­nam and the United States of Amer­ica.

Newspapers in English

Newspapers from Taiwan

© PressReader. All rights reserved.