Space Industry and Business News  
TRADE WARS
Taiwan applies to join Pacific trade deal days after China
by AFP Staff Writers
Taipei (AFP) Sept 23, 2021

Taiwan has applied to join a major trans-Pacific trade deal, officials confirmed Thursday, days after China said it also wanted to become a member of the agreement.

Signed by 11 Asia-Pacific countries in 2018, the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) is the region's biggest free-trade pact and accounts for around 13.5 percent of the global economy.

"Most of (the CPTPP's) member countries are Taiwan's key trade partners, accounting for over 24 percent of Taiwan's international trade," cabinet spokesman Lo Ping-cheng told reporters.

"Taiwan can't be left out in the world and has to integrate into the regional economy."

Negotiations for the sweeping trade deal were initially led by the United States as a way to increase its influence in the Asia-Pacific region.

It was also designed to keep China, which has its own regional trade deal, locked out.

But former president Donald Trump, who disdained multilateral agreements, pulled out of the deal in 2017.

The CPTPP is the successor to those negotiations and includes Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, Peru, New Zealand, Singapore and Vietnam.

Taiwan had been lobbying to join the pact for years but on Thursday made a formal application.

The island's announcement came less than a week after China said it had also formally applied to join.

Those hoping to join, such as Britain, must have the unanimous support of all the pact's member countries.

China's application comes at a time when Beijing is feuding with a host of western nations.

On Thursday, Australia said China must end a freeze on contacts with senior Australian politicians if it hopes to sign up.

Taiwan's application will likely be opposed by Beijing, which views the self-ruled democratic island as its own territory and has vowed to one day seize it, by force if necessary.

China's authoritarian leaders baulk at any international relations with Taiwan.

They have ramped up economic, military and diplomatic pressure on the island since the 2016 election of President Tsai Ing-wen who views Taiwan as a sovereign nation.

All of the CPTPP members have official diplomatic relations with Beijing, not Taipei.

But China's growing threats towards Taiwan have generated international sympathy for the island among western powers.

Last month, Tsai said Taiwan would "expect political obstacles" in joining the CPTPP but she added that regional allies like Japan had welcomed its desire to join.

John Deng, Taipei's lead trade negotiator, told reporters on Thursday that he expected Chinese opposition to Taiwan's inclusion.

But he portrayed Taiwan as a more reliable free-trade partner.

"We have the foundation of democracy and the rule of law so all our regulations are transparent and we respect private properties," he said.


Related Links
Global Trade News


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


TRADE WARS
France builds EU support in sub row, but some warn against US rift
Brussels (AFP) Sept 21, 2021
European allies rallied cautiously around France on Tuesday after the US and Australian decision to strip Paris of a submarine supply contract, but some warned the dispute should not torpedo trade talks. German Europe Minister Michael Roth said France's diplomatic crisis with the US was a "wake-up call for all of us" on the importance of uniting an often divided EU on foreign and security policy. A furious France has accused the United States, Australia and Britain of working behind its back to ... read more

Comment using your Disqus, Facebook, Google or Twitter login.



Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

TRADE WARS
Chinese game makers vow to cut effeminacy, limit underage players

Engineering researchers develop new explanation for formation of vortices in 2D superfluid

Researchers find a new way to control magnets

EPFL engineers introduce a new approach for recycling plastics

TRADE WARS
Notre Dame to lead $25 million SpectrumX project; first NSF Spectrum Innovation Initiative Center

SpiderOak wins second Air Force contract for secure space communications

Next generation electronic warfare and radar interoperability demonstrated at Northern Lightning

Northrop Grumman demonstrates connectivity for long range command and control

TRADE WARS
TRADE WARS
Northrop Grumman's LEO satellite payload for DARPA revolutionizes positioning, navigation and timing

Space Systems Command declares three GPS III space vehicles "Available for Launch"

Virginia company licenses NASA relative navigation technology

2nd SOPS accepts new GPS satellite

TRADE WARS
Airbus launches extra high performance wing demonstrator to fortify decarbonisation ambition

KLM Flight Academy signs up for 14 Bye Aerospace All-electric eFlyers

Air Force secretary: Branch focused on confronting China, must retire old platforms

US Navy jet crashes in Texas neighborhood, pilots hospitalized

TRADE WARS
First observation of energy-difference conservation in optical domain

Spintronics: Physicists develop miniature terahertz sources

Ultra-efficient tech to power devices of tomorrow and forge sustainable energy future

Researchers use gold film to enhance quantum sensing with qubits in a 2D material

TRADE WARS
Exolaunch to facilitate launch of Lunasonde's Gossamer Satellite Constellation

Earth from Space: Maharloo Lake

What's going on with the ozone?

Jet stream changes could amplify weather extremes by 2060s

TRADE WARS
What lies beneath: Swiss search for bombs at bottom of Lake Geneva

UK regulator to tackle false 'greenwashing' claims

Bitcoin mining generates substantial electronic waste: study

Indonesia court finds president negligent over pollution in landmark case









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.