Taiwan applies to join CPTPP
The government has formally submitted its application to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).
Economics Minister Wang Mei-hua says the government has been negotiating unofficially with the free-trade group's member states on joining the agreement and has reviewed its laws, some of which will be amended in line with the requirements under the deal.
The application was sent to New Zealand, which serves as the depositary nation for the pact and it will now forward the application to the other 10 member countries.
A formal announcement and further details concerning Taiwan's application to join the trade pact are expected to be made later this morning by the economics minister and the government's top trade representative -- Minister without Portfolio John Deng.
Taiwan has submitted its application only a week after China applied to join the 11-member trade pact. Beijing is expected to oppose any moves by Taiwan to gain admittance into the partnership.