The European Union must deepen ties with Taiwan and start work on an investment deal with the island, EU lawmakers said in a resolution adopted, angering Beijing, whose similar deal with the EU struck in 2020 has been put on ice.
A Taiwan official has asked Australia to support its bid to join the CPTPP pan-Pacific trade pact, which China opposes, saying Taiwan can boost high technology trade flows and demand for Australian minerals.
President Tsai Ing-wen (蔡英文) has called on the European Union (EU) to establish a bilateral investment agreement (BIA) with Taiwan because of the role it can play as a democratic and economic partner.
The Japanese Chamber of Commerce and Industry Taipei (JCCIT) supported Taiwan’s bid to join the CPTPP trade group, but it also wanted it to end an import ban on food from areas affected by the 2011 Fukushima nuclear disaster.
If Taiwan becomes a member first, China will find itself in the miserable position of having to beg for Taiwan’s consent to join the TPP.
Chinese Taipei is the latest of three countries seeking to join the CPTPP – the Comprehensive and Progressive Agreement for Trans Pacific Partnership.
When it comes to their position on the applications, CPTPP members are divided. The CPTPP operates on unanimous consent, so if even one country is against an application, membership will not be granted.
China’s restrictive practices present fundamental problems for its application to join a major pan-Pacific free trade pact, and if it joins before Taiwan there is a risk it could block their application.
Taiwan formally submitted an application to join the Trans-Pacific Partnership free trade deal, the government said, just days after mainland China filed its bid for membership.
The European Parliament adopted a resolution during a plenary session on Thursday in which it urged the European Union to negotiate a bilateral investment agreement (BIA) with Taiwan.
The European Parliament’s Foreign Affairs Committee adopted a report that urged the EU to begin work on a bilateral investment agreement with Taiwan.
The decision that Taiwan’s voters reach in the December referendum on whether to reverse President Tsai Ing-wen’s decision to allow importation of U.S. pork containing ractopamine could have significant strategic reverberations.
The Biden administration continues to build on the Trump team’s unprecedented efforts to deepen US relations with Taiwan.
Taiwan and the US on June 30 resumed the Trade and Investment Framework Agreement (TIFA) talks.
Forty-two United States senators across party-lines have urged US Trade Representative Katherine Tai to lay the groundwork for negotiating a free trade agreement with Taiwan.
Taiwan’s chief trade negotiator John Deng said on Wednesday he told the United States he hopes the two can sign a free trade agreement, a deal which would be a strong show of U.S. support in the face of relentless Chinese pressure against the island.
Trade negotiations between Taiwan and the United States under the Trade and Investment Framework Agreement (TIFA) mechanism will resume on June 30 after a four-year hiatus, according to the American Institute in Taiwan (AIT).
The administration of US President Joe Biden has continued its ongoing efforts to increase bilateral ties with Taiwan with the announcement about the return of US-Taiwan Trade and Investment Framework Agreement (TIFA) talks.
EU lawmakers are fed up with the European Commission’s reluctance to start an investment deal with Taiwan, while U.S. President Joe Biden has his sights set on trade talks with Taipei.
Taiwan’s CPTPP entry would not be a minor development that Tokyo can skate past China. Beijing has actively worked to ensure that Taiwan remains outside regional and global multilateral setups and agreements.