Vice Economics Minister Wang Mei-hua says Taiwan and the United States might not be able to hold talks under the Trade and Investment Framework Agreement (TIFA) this year. Wang was speaking on Monday at the legislature.
Wang said that although President Donald Trump has appointed a deputy trade representative, Congress has yet to approve his nomination. Wang said, though, that the two sides are still handling the technical details related to trade.
As for Taiwan's bid to join the Comprehensive and Progressive Agreement for the Trans-Pacific Partnership (CPTPP), Wang said there are political obstacles. That's because Taiwan will need support from member countries.
CPTPP is a free trade deal between 11 countries around the Pacific Rim. At the APEC summit in Vietnam in mid-November, leaders of the 11 countries reached an agreement to form a new trade block. The partnership, led by Japan, was organized following the United States' departure from the TPP talks and its subsequent collapse.
Source: Radio Taiwan International
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