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The TPP is shorthand for the Comprehensive and Progressive Agreement for Trans-Pacific Partnership free trade deal (CPTPP).
The Comprehensive and Progressive Agreement for Trans-Pacific Partnership, also known as TPP11 or TPP-11, is a trade agreement among Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, and Vietnam. Wikipedia
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Japan welcomes Taiwan’s application to join CPTPP, says foreign minister
- Kyodo
- Sep 23, 2021
Japan welcomes Taiwan’s application to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership free trade deal (CPTPP), Foreign Minister Toshimitsu Motegi told reporters Thursday from New York.
Describing Taiwan as an “extremely important partner of Japan” that shares basic values such as the rule of law, Motegi said Tokyo will respond to the island’s bid to join the 11-member CPTPP “based on a strategic point of view and with the public’s understanding.”
Taiwan’s move Wednesday follows a similar bid made last week by mainland China for membership of the trade pact, members of which currently include Japan, Australia and Singapore. The unanimous approval of all 11 members is required for additional countries to join the deal.
Japanese ministers with responsibilities related to the CPTPP did not make similarly welcoming remarks when Beijing applied to join the regional framework on Sept. 16.
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weehingthong 