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Tsai says CPTPP presents opportunities and challenges

2017-11-13
  • President Tsai

    President Tsai

    President Tsai Ing-wen (CNA)

President Tsai Ing-wen received Taiwan’s APEC representative, James Soong, at the Presidential Office on Monday. Soong returned to Taiwan on Sunday following the two-day Leaders’ Summit which wrapped up in Vietnam on Saturday.

 

President Tsai thanked Soong and the APEC delegation for their achievements at this year’s summit, and for enabling Taiwan to play an important role. She said that the delegation’s interactions with regional leaders showed Taiwan’s determination to work with other countries under the APEC framework. Tsai said that her administration’s efforts to pass policies that liberalize and facilitate trade are a sign of support for multi-lateral and regional trade systems.

 

President Tsai also spoke about new developments to the Trans-Pacific Partnership (TPP) at this year’s APEC Summit. She said her administration would show the international community Taiwan’s determination to become a part of the regional trade pact.

 


“We saw new developments to the TPP, which shows that it’s still a collective hope of countries around the world that dialogue and exchanges can lead to broader economic and trade cooperation. The new developments present opportunities and challenges, and the government will face them head on, continuing to adjust the structure and makeup of local industry. [We will] also show our international partners in the region Taiwan’s hard work and determination to participate in regional economic integration," said Tsai.

 

The Trans-Pacific Partnership hit a stumbling block earlier this year when the United States pulled out of the agreement. The remaining 11 countries went back into negotiations and signed a partial agreement on Saturday, with the new name Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).

 

The 11 countries currently do not include either Taiwan or China.