Taiwan would strive to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), as it would be challenging for the nation to join the Regional Comprehensive Economic Partnership (RCEP) given China’s dominance in the latter, the Ministry of Foreign Affairs said yesterday.
The RCEP was signed by 15 Asia-Pacific nations on the last day of the virtual ASEAN summit yesterday, becoming the world’s largest free-trade agreement.
The 15 nations are the 10 ASEAN members — Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam — and Australia, China, Japan, New Zealand and South Korea.
Photo: Lu Yi-hsuen, Taipei Times
Taiwan would find it substantially difficult to join the RCEP, as it is led by China, the ministry said, adding that, as such, Taiwan’s main goal regarding regional economic integration is to push for participation in the CPTPP.
Taiwan would strive to initiate informal consultations, in preparation for joining the CPTPP, the ministry said, adding that it would continue to seek economic and trade cooperation opportunities with New Southbound Policy partner nations, the US, Japan and other like-minded nations.
Taiwan would make good use of the “US-Taiwan Framework to Strengthen Infrastructure Finance and Market Building Cooperation,” the ministry said, adding that the government would also support adding value to products and industrial transformation.
Separately yesterday, the Chinese Nationalist Party (KMT) accused the Democratic Progressive Party (DPP) government of not proactively trying to join the RCEP over the past four years, and declaring failure without even trying.
The trade volume between Taiwan and RCEP members accounts for about 59 percent of the nation’s total trade volume, and Taiwan’s investment in those nations accounts for 65 percent of its total foreign investment, so if Taipei cannot join the trade pact, the nation would suffer, the KMT said.
The DPP, trying only to please the US in the hopes of furthering economic and trade cooperation with Washington, neglected the development of the RCEP and the CPTPP, the KMT said, adding that the DPP’s failure in this regard could result in Taiwan being marginalized economically.
The party urged President Tsai Ing-wen (蔡英文) to call a high-level, cross-ministerial meeting to discuss how the RCEP would affect Taiwan and draw up solutions, saying that a report should be presented to the Legislative Yuan so that the public is not kept in the dark.
LEVERAGE: China did not ‘need to fire a shot’ to deny Taiwan airspace over Africa when it owns ‘half the continent’s debt,’ a US official said, calling it economic warfare The EU has raised concerns about overflight rights following the delay of President William Lai’s (賴清德) planned state visit to the Kingdom of Eswatini after three African nations denied overflight clearance for his charter at the last minute. Taiwanese allies Paraguay and Saint Kitts and Nevis, as well as several US lawmakers and the Inter-Parliamentary Alliance on China (IPAC) condemned China for allegedly pressuring the countries. Lai was scheduled to fly directly to Taiwan’s only African ally from yesterday to Sunday to celebrate the 40th anniversary of King Mswati III’s accession and his 58th birthday, but Seychelles, Mauritius and Madagascar suddenly revoked
The number of pet cats in Taiwan surpassed that of pet dogs for the first time last year, reaching 1,742,033, a 32.8 percent increase from 2023, the Ministry of Agriculture said yesterday, citing a survey. By contrast, the number of pet dogs declined slightly by 1.2 percent over the same period to 1,462,528, the ministry said. Despite the shift, households with dogs still slightly outnumber those with cats by 1.2 percent. However, while the number of households with multiple dogs has remained relatively stable, households keeping more than two cats have increased, contributing to the overall rise in the feline population. The trend
China on Wednesday teased in a video an aircraft carrier that could be its fourth, and the first using nuclear power, while making an allusion to Taiwan and vowing to further build up its islands, as it looks to boost maritime power, secure resources and bolster territorial claims. The video, issued on the eve of the 77th founding anniversary of the Chinese People’s Liberation Army Navy, featured fictional officers with names that are homophones of three commissioned aircraft carriers, the Liaoning (遼寧), Shandong (山東) and Fujian (福建). Titled Into the Deep, it showed a 19-year-old named “Hejian” (何劍) joining the group, sparking
ESWATINI TRIP: The ‘irresponsible actions’ of three African nations set a dangerous precedent and they should be held accountable, a US representative said The US Senate Foreign Relations Committee on Thursday urged Washington not to normalize Chinese pressure, while a US lawmaker called on the US government to hold countries accountable for yielding to Beijing’s pressure to block President William Lai’s (賴清德) planned trip to Eswatini. Lai had been scheduled to visit Eswatini to attend birthday events for King Mswati III of Eswatini this week, but on Tuesday, the eve of his planned departure on Wednesday, the Presidential Office said the trip was “suspended” after the Seychelles, Mauritius and Madagascar unexpectedly withdrew overflight permission. “China reportedly pressured Mauritius, Seychelles, and Madagascar to deny airspace access
RSS