Nov 16, 2017Business & FinanceComments Off on Lai urges all-out effort for CPTPP inclusion
Premier William Lai said Thursday that Taiwan will make every effort to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).
The partnership was established at the recently concluded APEC summit in Vietnam. It takes the place of the Trans-Pacific Partnership (TPP). The TPP hit a stumbling block earlier this year when the US pulled out of the agreement. The remaining 11 signatories went into negotiations and signed the CPTPP. These 11 countries do not include Taiwan or China.
Lai said it is important for Taiwan to hold bilateral and multilateral talks to achieve regional economic integration. He called on relevant departments to prepare to bid for CPTPP inclusion.
Lai said the 2018 APEC summit will be held in Papua New Guinea. Topics at the meeting will include digital networking, regional economic integration and structural reform. Lai said Taiwan must strengthen its cooperation with APEC member economies and expand its global business opportunities.