Sat, Nov 30, 2024 page2

• Trade office disappointed over ‘delay’ in CPTPP bid

  DIPLOMATIC PUSH: Achieving a consensus among the CPTPP’s members regarding Taiwan’s hope to join the bloc remained a major hurdle, the trade office said

  • Staff writer, with CNA
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  The Office of Trade Negotiations yesterday said it was disappointed by what appears to be a delay in the consideration of Taiwan’s application to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).

  The office in a statement expressed “deep regret and disappointment” that CPTPP members did not reach an agreement to initiate Taiwan’s accession process during their commission meeting in Vancouver, Canada, on Wednesday and Thursday.

  The office urged CPTPP members to “not have political considerations” and to agree to establish a working group to handle Taiwan’s membership.

  

  Canadian International Minister of Trade Mary Ng, fifth right, speaks at a news conference after a Comprehensive and Progressive Agreement for Trans-Pacific Partnership commission meeting in Vancouver, Canada, on Thursday.

  Photo: AP

  The office was likely referring to the reluctance of some CPTPP member states to address the Taiwan issue as it might alienate their main trading partner China, which has submitted its own application to the bloc and opposed Taiwan’s accession.

  Achieving a consensus among CPTPP members remained a major hurdle for Taiwan’s bid, the office said.

  However, it is committed to bolstering economic ties with them to gain their support for Taiwan’s inclusion, it added.

  Taiwan has launched a diplomatic push to improve official engagements with individual CPTPP members since submitting its application in September 2021 and has completed legislative reforms to bring Taiwan’s trade-related regulations in line with the bloc’s standards, it said.

  At the CPTPP meeting, the members approved Costa Rica’s bid to commence the accession process.

  The Central American nation applied to join the bloc in August 2022.

  “The CPTPP family is expanding,” Canadian International Minister of Trade Mary Ng told a news conference following the meeting, adding that the bloc was establishing a working group to work toward Costa Rica’s accession.

  Ng did not respond directly to a question about Taiwan’s application status, saying instead: “We remain completely open to having new members join the CPTPP” as long as they adhere to “the Auckland principles.”

  She was referring to the requirements set by the CPTPP for memberships, which are meeting the trade pact’s high standards, demonstrating a strong track record of meeting trade obligations and garnering a consensus among all members.

  Asked if Taiwan’s application has been put on hold because of China, Ng said that Canada’s “one China” policy had not changed.

  However, “the work that we do together as CPTPP partners is one where we do work on consensus, and consensus means all of the partners would need to achieve that consensus in order for us to move to that next step,” she added.

  The CPTPP is one of the biggest trade blocs in the world, representing about 15 percent of the global economy.

  It has 11 members: Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam, with the UK set to become the 12th member next month.

  Canada is the chair of the CPTPP Commission for this year. Australia is to take the baton next year.
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