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Published Date: 2018-11-16
Taiwan has been affirmed by members of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) for its open economy and liberal trade and investment system. That’s according to the country’s top trade negotiator, John Deng, on Friday.
Deng attended the Asia Pacific Economic Cooperation ministers meeting on Thursday ahead of this weekend’s APEC summit in Papua New Guinea.
At the meeting, National Development Council minister Chen Mei-ling shared Taiwan's experiences in the development of digital technologies. Deng said after the meeting that Taiwan’s high degree of liberalization was recognized by the signatory states.
Taiwan has been seeking to join the CPTPP since its formation in March. The regional trade bloc is an attempt to salvage the former Trans-Pacific Partnership (TPP) after the United States walked away from the pact in January. The signatory members represent a market of 500 million people and account for 13.5% of world trade.