Taiwan has submitted an application to join a Pacific trade deal, just days after China sent its own request to become a member of the agreement that was once pushed by Washington as a way to isolate Beijing and solidify US dominance in the region.
The Taiwanese application to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) was sent to New Zealand, with a public announcement scheduled for as soon as this morning, a person familiar with the situation said.
New Zealand is the depositary nation for the deal, and is to forward the application to the other 10 nations.
Photo: CNA
The New Zealand Ministry of Foreign Affairs did not reply to an e-mail requesting comment.
Deputy Minister of Economic Affairs Chen Chern-chyi (陳正祺) yesterday confirmed the Bloomberg report, saying that Minister of Economic Affairs Wang Mei-hua (王美花) would make a public announcement this morning, the Central News Agency reported.
Taiwan has free-trade deals with two of the members — New Zealand and Singapore — and has been working toward joining the trade agreement for years, with President Tsai Ing-wen (蔡英文) making it a key goal for her final term in office.
However, China opposes any move to deal openly with Taiwan, which would make discussions between Beijing, Taipei and the 11 member nations difficult.
Tsai’s government has made building support among democratic allies in the region a crucial part of its efforts to counter rising pressure from Beijing.
This has included closer ties with CPTPP members such as Australia, which is in the midst of a trade dispute with China, and Japan, which is a key trading partner and the largest economy in the CPTPP.
Last month, lawmakers from Japan’s ruling party backed Taiwan’s entry into the deal.
Taiwan has arranged for about 8 million barrels of crude oil, or about one-third of its monthly needs, to be shipped from the Red Sea this month to bypass the Strait of Hormuz and ease domestic supply pressures, CPC Corp, Taiwan (CPC, 台灣中油) said yesterday. The state-run oil company has worked with Middle Eastern suppliers to secure routes other than the Strait of Hormuz, through which about 20 percent of the world’s oil and liquefied natural gas typically passes, CPC chairman Fang Jeng-zen (方振仁) said at a meeting of the legislature’s Economics Committee in Taipei. Suppliers in Saudi Arabia have indicated they
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CCP ‘PAWN’? Beijing could use the KMT chairwoman’s visit to signal to the world that many people in Taiwan support the ‘one China’ principle, an academic said Chinese Nationalist Party (KMT) Chairwoman Cheng Li-wun (鄭麗文) yesterday arrived in China for a “peace” mission and potential meeting with Chinese President Xi Jinping (習近平), while a Taiwanese minister detailed the number of Chinese warships currently deployed around the nation. Cheng is visiting at a time of increased Chinese military pressure on Taiwan, as the opposition-dominated Legislative Yuan stalls a government plan for US$40 billion in extra defense spending. Speaking to reporters before going to the airport, Cheng said she was going on a “historic journey for peace,” but added that some people felt uneasy about her trip. “If you truly love Taiwan,
Tainan, Taipei and New Taipei City recorded the highest fines nationwide for illegal accommodations in the first quarter of this year, with fines issued in the three cities each exceeding NT$7 million (US$220,639), Tourism Administration data showed. Among them, Taipei had the highest number of illegal short-term rental units, with 410. There were 3,280 legally registered hotels nationwide in the first quarter, down by 14 properties, or 0.43 percent, from a year earlier, likely indicating operators exiting the market, the agency said. However, the number of unregistered properties rose to 1,174, including 314 illegal hotels and 860 illegal short-term rental
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