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Published Date: 2017-01-24
The foreign ministry has said it will do all it can to understand the future direction of American trade policy. Ministry spokesperson Eleanor Wang was speaking on Tuesday after the US president, Donald Trump, decided to withdraw from the Trans-Pacific Partnership trade pact (TPP).
Wang said it is vital for Taiwan to be clear about Trump’s trade policy since Taiwan has close trade ties with the US. She said, "Under Taiwan’s current trade relations and investment framework agreement with the US, we will continue to strengthen bilateral economic cooperation. At the same time, we will study the possibility of signing a free trade agreement with the US to enhance trade ties."
Meanwhile, the head of the Association of East Asian Relations, Tsai Ming-yaw, said Japan has plans to maintain the TPP despite the US withdrawal. However, Tsai said Trump’s decision will have a strong impact on Tokyo.