Taiwan Applies To Join TPP Free Trade Pact On China's Heels

Taiwan Applies To Join TPP Free Trade Pact On China's Heels

Andrew H. Sweet

Taiwan's Central News Agency said the application was submitted to New Zealand, the depository for what is formally known as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership aimed at liberalizing trade and investment among Pacific Rim economies.

China has taken a dim view of the prospect of Taiwan's membership amid Taiwan think tanks' suggestions that the island should join the TPP first to prevent Beijing from obstructing its accession and its participation in regional trade integration.

To join the free trade deal, however, both China and Taiwan will need the unanimous approval of all 11 member countries -- Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, and Vietnam.

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