Economics minister outlines plans for regional integration
Nov 15, 2017GeneralComments Off on Economics minister outlines plans for regional integration
The economics minister, Shen Jong-chin, says that Taiwan will take a multi-pronged approach in its response to regional economic integration.
Shen was responding Wednesday to media questions about the continuing rise of economic integration. This has been pushed forward most recently by moves to create the Comprehensive and Progressive Agreement for the Trans-Pacific Partnership (CPTPP).
Shen said Taiwan's response will include bilateral and multilateral talks. He also said Taiwan will work to join the CPTPP as well as the China-led Regional Comprehensive Economic Partnership. He said work towards joining these agreements will include talks with member economies and regulatory reforms. Shen said the Legislature is now looking at eight proposed changes to regulations.
Shen also said that APEC will serve as another prong in Taiwan's efforts to adapt to growing economic integration.