Taiwan wants key trade pact ahead of China
Taiwan’s bid to join the Trans-Pacific Partnership (TPP) came just days after China’s official bid, further complicating an already difficult situation for the 11-member pact. Chinese authorities consider the autonomous island to be part of their territory, unlike Taiwan. Taiwanese cabinet spokesman Lo Ping-Cheng said on Wednesday that Taiwan had informed other TPP members of its formal application for membership and asked for their help.
The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), signed by 11 countries in the Asia-Pacific region in 2018, is the largest free trade agreement in the region and represents around 13.5% of global GDP. Cabinet spokesman Lo Ping-cheng told reporters that “most (CPTPP member countries) are Taiwan’s major trading partners, accounting for over 24% of Taiwan’s international trade.
The nation cannot be left behind
The island nation “cannot afford to be left behind” in the global economy and must join forces with the rest of the Asian economies. The United States initially led the negotiations for the general trade agreement aimed at increasing its influence in the Asia-Pacific region. In 2001 and 2002, China and Taiwan both joined the WTO within a month of each other.
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The official request was released this afternoon, an official in the presidential office said on Wednesday.
Taiwan’s Ministry of Foreign Affairs and Trade, which processes CPTPP applications, said the implementation had been sent to New Zealand. A ministry spokesperson said the proposal would be shared with other signatories to the trade deal before a decision was made on “whether to start membership processes.”
This bold move could trigger new tensions between these two regions
The fact that China and Taiwan are making similar demands at the same time only fuels the tensions already present between the two countries. In recent years, China has used its economic might to “punish” other countries for political decisions it disapproved of, such as Australia and South Korea, by suddenly banning certain imports from or from these countries. stopping Chinese tourism to these countries. The recent increase in Chinese military activity in Taiwan has alarmed people all over the world, whether it is a bluff or a real threat of invasion.
In the eyes of the Chinese government, Taiwan is a separatist province that will eventually reintegrate into the country. He is at the origin of the conflict. Many Taiwanese believe this to be incorrect. Whether or not independence is officially declared, they believe they are a separate nation.
Beijing considers Taiwan to be part of its territory and has threatened to invade it if the island nation continues to reject unification. The Chinese government frequently exerts pressure on third countries, international organizations, non-governmental organizations and business enterprises to help isolate Taipei and deny it any participation in international affairs on its own.
China is still silent!
China has yet to comment on Taiwan’s candidacy, although it has previously insisted that Taiwan be excluded from several international organizations or labeled as part of China. As a result, Taiwan joined the union under various names. At the Olympics, for example, its athletes compete under the name Chinese Taipei.
Taiwan’s separate customs region, Penghu, Kinmen has also applied to join CPTPP under the name used in the World Trade Organization (WTO). Prior to that, the US, UK and Australia reached an unprecedented security deal to counter the Chinese impact across the Asia-Pacific region. Then-President Barack Obama promoted the original Trans-Pacific Partnership (TPP) as an economic community to counter China’s growing influence.
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Negotiations to create the CPTPP began after President Trump withdrew the United States from the deal.
Eleven countries, including Australia, Canada, Chile, Japan and New Zealand, accepted the CPTPP in 2018.
What do we know about the bitterness of Taiwan and China?
Ties between China and Taiwan began to improve in the 1980s; “One country, two systems” was China’s proposal for reunification. Taiwan would be granted significant autonomy in exchange for accepting Chinese annexation. To attract Taiwanese citizens to the mainland, Hong Kong has set up this system as a showcase. Taiwan declined the offer, but relaxed restrictions on Chinese visitors and investors. The war with the People’s Republic of China on the Chinese mainland was also declared over in 1991. However, because Beijing maintains that the government of the Taiwanese Republic of China (ROC) is illegitimate, government-to-government meetings were impossible.
Taiwan’s current president, Tsai Ing-wen, was elected eight years later, in 2016. To that end, she heads the country’s Progressive Democratic Party (DPP), which supports a formal separation of the country. ‘with China in the future. Miss Tsai called Donald Trump after winning the 2016 U.S. presidential election, reversing U.S. policies since 1979 that severed formal relations between the two countries. Despite the lack of formal ties, the United States is committed to supplying Taiwan with defensive weapons and has made it clear that any attack from China would be of “serious concern.”
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Chinese authorities increased their pressure on foreign companies throughout 2018, forcing them to list Taiwan as part of China on their websites and threatening to ban them from doing business in China if they didn’t. did not comply. Subsequently that year, China’s execution of a national defense law in Hong Kong was widely seen as another sign that Beijing has become much more assertive in the region.
Taiwan has revealed a two-day “grand incursion” of Chinese warplanes in the first days of Mr. Biden’s presidential term. A day later, the Chinese government claimed to have sent the most military planes to the area of Taiwan’s air defense system in a year. Admiral John Aquilino of the Pentagon’s Indo-Pacific Command responded by warning that a Chinese invasion of Taiwan was “much closer to us than most realize.” Since then, history has witnessed this bitter relationship.