pacific-trade-pact

Taiwan, Japan: Taipei Seeks Tokyo’s Help in Joining Pacific Trade Pact

cptpp-rcep

What Happened: Taiwanese President Tsai Ing-wen has called on Japan to smooth Taipei’s admission to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), Kyodo News reported Nov. 14.

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Why It Matters: As Taipei loses more diplomatic recognition due to Chinese pressure, it is doubling down on efforts to join the CPTPP, especially as it has been excluded from the Regional Comprehensive Economic Partnership (RCEP), another Asian trading pact, while its push for separate bilateral trade deals with Japan and Australia have stalled due to Chinese pressure.

Background: Taiwan is also seeking Japan’s security, intelligence and maritime cooperation, as well as Tokyo’s support for Taipei’s participation in international organizations like Interpol.

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Source:-Stratfor | worldview