ISDS Case Map
CPTPP
Comprehensive and Progressive Agreement for Trans-Pacific Partnership
The time is not yet ripe for Taiwan to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), economic minister Wang Mei-hua said.
Fifteen Asia-Pacific economies signed what could become the world’s largest free trade agreement on Sunday, covering nearly a third of the global population and about 30% of its global gross domestic product.
Trade-dependent Taiwan has made relatively good progress towards joining the revamped version of the Trans-Pacific Partnership, but it is awaiting clearer rules on membership, the island's chief trade negotiator said.
We are living in a very different world from the era that gave us the TPPA, which was turbulent enough. We have new realities, new priorities, and new challenges.
Trade agreements can be as powerful as military force for achieving a country’s strategic objectives.
President Tsai Ing-wen (蔡英文) reiterated Taiwan's desire to be included in the CPTPP and sign bilateral trade agreements with regional countries, during a virtual forum attended by former world leaders.
The United Kingdom said it has Vietnam's support to join a trans-Pacific trade deal, a boost for the country facing the dire economic impacts of Brexit and the coronavirus pandemic.
UK Foreign Secretary Dominic Raab will visit Vietnam on Tuesday to hold talks with his counterpart Pham Binh Minh, with a trade deal at the top of the agenda ahead of the ending of the transition period for Britain's exit from the European Union this year.
With India, Australia and Japan intent on pursuing their arrangement in parallel, the road looks relatively clear for an RCEP accord in November. Even if there are still a few points of contention, the 15 countries may sign an "agreement in principle".
Japan need a policy that is based on a major shift from industrial agriculture to agroecology by small farmers. For this to be possible Japan must pull out of TPP and other similar FTAs.
