Taiwan Seeks Entry Into The TPP Before China

Taiwan is seeking entry into the U.S.-led Trans-Pacific Partnership (TPP) free trade agreement before it loses any more ground to China in international trade and wants to join within three months while already meeting all requirements, a senior Taiwanese official said Monday.

Malpass: Taiwan Deserves Membership in TPP

“As we speak, both chambers of Congress have passed legislation that would allow Taiwan’s accession into the TPP,” Malpass told a Washington seminar organized by the Heritage Foundation. “I think Taiwan deserves membership.”

Malpass said he supported President Donald Trump’s recent decision not to become entangled in the territorial disputes over territory in the South China Sea but falls short of calling for a U.S. military response or alliance with China.

Taiwan Wants Entry Into TPP Trade Deal

Malpass said the United States should have a better relationship with China, but China’s global trade and infrastructure practices also need to be examined for their benefit or harm to the United States.

“I think it would be good for both countries if we could allay some of those concerns and improve transparency in whatever is required,” the U.S. official said. “But our reaction, I think, should not be one of simply sitting down and negotiating with them.”

TPP Nations Seek To Keep Pacts Alive Without U.S., For Now: Vietnam Minister

Malpass said he welcomed Japan’s efforts to keep open regional trade and investment rules even without the U.S. participation after Trump announced his decision to withdraw from the TPP soon after he took office a year ago.

“We’re going to continue to work with countries who share our interest in improving trade and investment rules, including Vietnam,” Malpass said. “Japan is going to be important as well, being a large market for U.S. exports.”

Vietnam Minister Says TPP Nations Seek To Keep Pacts Alive Without U.S., For Now

Dr Balakrishnan said it was now up to TPP countries “to keep markets open and make sure that these agreements, which have been painstakingly negotiated, can be implemented”.

Taiwan Seeks Entry Into Trade Pact With Japan and South Korea

President Tsai Ing-wen said she wanted Taiwan to join the Comprehensive Progressive Trans-Pacific Partnership (CPTPP) – a broad trade deal Japan has championed since the United States withdrew.

Japan’s Jiji Press reported that Tokyo welcomed Taiwan’s interest in joining the trade pact, which would need to be approved by participants.

Trilateral Meeting To Discuss TIFA Implementation Post Trump Withdrawal From TPP

The Act encourages USTR to work with Taiwan to support its membership application for APEC and to prioritize negotiations on the RCEP .

Taiwan Asks U.S. for Entry Into Key Trade Pact Before China

President Tsai Ing-wen said she wanted Taiwan to join the Comprehensive Progressive Trans-Pacific Partnership (CPTPP) – a broad trade deal Japan has championed since the United States withdrew.

Japan’s Jiji Press reported that Tokyo welcomed Taiwan’s interest in joining the trade pact, which would need to be approved by participants.

Taiwan Seeks Entry Into TPP Before China

The Act encourages USTR to work with Taiwan to support its membership application for APEC and to prioritize negotiations on the RCEP .

Malpass: Taiwan Deserves Membership in TPP

“As we speak, both chambers of Congress have passed legislation that would allow Taiwan’s accession into the TPP,” Malpass told a Washington seminar organized by the Heritage Foundation. “I think Taiwan deserves membership.”

Taiwan Wants Entry Into TPP Trade Deal

Malpass said he supported President Donald Trump’s recent decision not to become entangled in the territorial disputes over territory in the South ChinaSea but falls short of calling for a U.S. military response or alliance with China.

Taiwan Wants In To Regional Trade Pacts After Trump Withdrawal

And as another senior administration official, speaking on condition of anonymity, put it: “We have been clear about our interest in Taiwan’s participation.”

TPP Nations Seek To Keep Pacts Alive Without U.S., For Now: Vietnam Minister

But TPP nations now hope that keeping their deal alive without the US will show a dynamic Asian group still open for business and keep pressure on Beijing to reform its trade practices.