Premier Lai calls on Cabinet to start preparing for CPTPP bid

Taipei-Premier Lai Ching-te (???) on Thursday urged his Cabinet to make every effort to get Taiwan into a revised Trans-Pacific Partnership (TPP) deal that 11 countries recently proposed.

Bilateral and multilateral regional cooperation is vital to Taiwan’s economic development, the premier said, giving his Cabinet a directive to start preparing for Taiwan’s bid to join the proposed Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), according to a Cabinet spokesperson.

The CPTPP is a new framework for cooperation, which top trade officials from the 11 remaining member states of the beleaguered TPP endorsed on the sidelines of the 2017 Asia-Pacific Economic Cooperation (APEC) summit last week.

Meanwhile, after Taiwan’s participation in the APEC summit this year, it is already looking ahead to the 2018 APEC meeting in Papua New Guinea, according to Cabinet deputy spokeswoman Chang Hsiu-chen (???).

She said Premier Lai has asked the relevant ministries to build on the foundation of the agreements that were reached at this year’s summit so as to strengthen cooperation with APEC member states.

Source: Focus Taiwan News Channel