TAIPEI: A major Trans-Pacific trade pact remains open to other aspirant members including Taiwan to join, Canada's government said, after Taipei complained a working group to consider its entry had not been established.
The logo of Trans-Pacific Partnership trade deal, is seen inside at the Ministry of Foreign Affairs in Santiago, Chile, on May 16, 2019. TAIPEI: A major Trans-Pacific trade pact remains open to other aspirant members including Taiwan to join, Canada 's government said, after Taipei complained a working group to consider its entry had not been established.
In a statement to Reuters on Tuesday, Global Affairs Canada said existing member states will continue to discuss membership requests after the establishment of the Accession Working Group, or AWG, for Costa Rica, at the meeting in Canada. The"Auckland Principles" refer to an ability to meet the high standards of the agreement, a demonstrated pattern of complying with trade commitments, and recognition that decisions are dependent on members reaching consensus, the statement added.
Taiwan in 2021 formally applied to join the CPTPP, less than a week after China said it too had submitted an application. The group currently has 11 members - Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, Peru, New Zealand, Singapore and Vietnam - andTaiwan has few international trade agreements due to its diplomatic isolation because of pressure from China, which views the democratically governed island as its own territory.
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