Krueger
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2014-04-29
While Taiwanese expatriates living in the United States are urging Washington to support Taiwan's bid to join the proposed US-led Trans-Pacific Partnership, a scholar in economics at the University of Alabama has said TPP membership could help Taiwan reduce its trade reliance on China.
If Taiwan is kept out of the TPP free trade bloc, which is being negotiated among the United States, Australia, Brunei, Canada, Chile, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam, it will face high tariff barricades in many export markets and will eventually be marginalized, David Cheng said at a conference on Taiwan's TPP bid that was organized by Taiwan's Economic and Cultural Office in Atlanta Saturday.
If on the other hand Taiwan is allowed to join the TPP, it would be able to expand its export markets so that it's trade reliance on China could be lowered, Cheng noted.
Calling for US support for Taiwan's TPP bid, Tai Huei-yuan, director-general of the office, described US deputy assistant secretary of state for East Asian and Pacific affairs Kin Moy's March 14 welcome for Taiwan to join the TPP as "an encouraging message."
Tai also said that Taiwan's participation would bring US$78 billion's worth of economic benefits to TPP signatories. "Taiwan already has suitable conditions for joining the TPP," he added.
At the conference, five Taiwanese expatriate groups from southeastern US states released a joint letter urging the US Congress and administration to support Taiwan's TPP bid.
The letter will be mailed to the governors of the six states of Georgia, South Carolina, North Carolina, Tennessee, Alabama and Kentucky and to the congresspeople elected from those states, according to the expatriate groups.
Joining TPP would see Taiwan rely less on China
While Taiwanese expatriates living in the United States are urging Washington to support Taiwan's bid to join the proposed US-led Trans-Pacific Partnership, a scholar in economics at the University of Alabama has said TPP membership could help Taiwan reduce its trade reliance on China.
If Taiwan is kept out of the TPP free trade bloc, which is being negotiated among the United States, Australia, Brunei, Canada, Chile, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam, it will face high tariff barricades in many export markets and will eventually be marginalized, David Cheng said at a conference on Taiwan's TPP bid that was organized by Taiwan's Economic and Cultural Office in Atlanta Saturday.
If on the other hand Taiwan is allowed to join the TPP, it would be able to expand its export markets so that it's trade reliance on China could be lowered, Cheng noted.
Calling for US support for Taiwan's TPP bid, Tai Huei-yuan, director-general of the office, described US deputy assistant secretary of state for East Asian and Pacific affairs Kin Moy's March 14 welcome for Taiwan to join the TPP as "an encouraging message."
Tai also said that Taiwan's participation would bring US$78 billion's worth of economic benefits to TPP signatories. "Taiwan already has suitable conditions for joining the TPP," he added.
At the conference, five Taiwanese expatriate groups from southeastern US states released a joint letter urging the US Congress and administration to support Taiwan's TPP bid.
The letter will be mailed to the governors of the six states of Georgia, South Carolina, North Carolina, Tennessee, Alabama and Kentucky and to the congresspeople elected from those states, according to the expatriate groups.
Joining TPP would see Taiwan rely less on China
