Expats can switch jobs more freely; one-year bar for transfer removed    King, Crown Prince congratulate Austrian President on National Day    Dutch rights envoy expresses admiration for Saudi women's achievements    Aramco, TotalEnergies launch first outlets in joint retail network    Fresh lockdowns in China as Covid-19 infections spread to 11 provinces    Tata Steel demands UK roadmap to make industry greener    The bumpy road to India's electric car dreams    Lockdowns and vaccine divide bring chaos to eastern Europe, uncertainty to West    New details emerge in Baldwin film set shooting    Protect schools from anti-vax protesters, says UK opposition leader    Pakistan hammer India by 10 wickets to clinch T20 win    Michael Jordan's trainers sell for record $1.47m at auction    US actor James Michael Tyler dies aged 59    National Motors Supplies Company announces dealership agreement with Jetour    Saudi Al-Sharif wins Jordan's Open golf championship    Imran Khan arrives in Riyadh to participate in MEGI Summit    Bride's fingerprint not required in revised e-marriage contract    'Easy On Me': Adele returns to UK number one    Friends pip Asfaan; Chinar, ICAD, Pak Zalmi prevail in Kanoo league    Prop gun fired by actor Alec Baldwin kills cinematographer on movie set    'Be a Star' — WWE stars fight cyberbullying in Riyadh    Bollywood superstar's son denied bail in drugs case    Saudis, expats mourn death of prominent Filipino preacher in Riyadh    Bollywood actor Sidharth Shukla dies at 40    Custodian of the Two Holy Mosques Directs KSrelief to Urgently Provide Malaysia with Medical, Preventive Equipment and Supplies to Address COVID-19 Pandemic    Custodian of the Two Holy Mosques Congratulates President of Maldives on Independence Day    Weather Forecast for Sunday    RSNF Commander Patronizes Ceremonial Launching of His Majesty's Ship "Jazan"    OIC Condemns Houthi Attempts to Target Civilians in Saudi Arabia    Philippines evacuates thousands as monsoon rains flood cities, provinces    Heavy rain in India triggers floods, landslides; at least 125 dead    U.S. Records 64,321 New Infections of Coronavirus    Without Fans, Tokyo Olympics Kicked Off    Pilgrims Perform Dhuhr and Asr Prayers at Arafat Holy Site    Dr. Mohammed Sulaiman Al-Jasser, Saudi Arabia's Pick to Chair IsDB Group for the next five years, unanimously approved by BoG Committee of Procedures    Saudi Press: Fitch affirms Saudi Credit Rating at "A" with a revised outlook to stable from negative    Handled Cargo at Saudi Ports Increases during June 2021    SDAIA, DARP & STC Launch Pilgrim's Smart Bracelet (NUSK)    2 Goals by Diaz Gives Colombia 3rd Place at Copa America    Saudi Cinema Night at Arab World Institute in Paris Kicks Off    KSU Leads Joint International Scientific Project for Early Detection of Breast Cancer    Saudi Arabia to Participate in Cannes Film Festival 2021    Arab Cup U-17 Championship Draw Saudi Arabia, Morocco, Palestine, Kuwait, in the 1st Group    AWI Hosts Saudi Cinema Nights in Paris    Brazil Beats Chile at Copa America Despite 2nd-Half Red Card    Council of Senior Scholars: Muslim Brothers' Group Don't Represent Method of Islam, rather only Follows its Partisan Objectives, Violating our Graceful Religion    Eid Al-Adha Prayer Performed at the Grand Holy Mosque    Pilgrims Perform Dhuhr and Asr Prayers in Arafat Holy Site    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



China opposes Taiwan's application to join CPTPP
Published in The Saudi Gazette on 23 - 09 - 2021

Chinese authorities declared rejecting Taiwan's application to join the 11-nation Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), Xinhua News Agency reported Thursday.
"There is only one China in the world, and Taiwan is an inalienable part of the Chinese territory," Foreign Ministry Spokesperson Zhao Lijian was quoted by Xinhua as saying.
Earlier on the day, Taiwan officially announced it has formally submitted its application to join the 11-nation Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), following China's bid, the Taipei-based Central News Agency reported.
The multilateral deal, which grew out of the Trans-Pacific Partnership after the US left the pact in January 2017, is one of the world's biggest trade blocs, representing a market of 500 million people and accounting for 13.5 percent of global trade.
Its 11 signatories are Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, and Vietnam. The UK also applied for membership in February
Taiwan's formal application to join the agreement on Wednesday came less than a week after China on Sept. 16 also applied for membership in the CPTPP.
At a press event in Taipei to announce the application, Taiwan's Trade Representative John Deng admitted that if China joins the free trade bloc first, it will pose a major obstacle for Taiwan, because the Chinese government may oppose its membership, the report said.
"I believe all CPTPP member states will review each application on a case-by-case basis and based on whether the applicant is meeting all required standards," said Deng.
After submitting the application, Taiwan will begin accession talks with all 11 CPTPP members in seeking their support and in learning the pressing issues, each member state is most concerned about, he said.
Deng would not estimate how long it will take Taiwan to join the trade bloc, citing uncertainties concerning the accession process. "This move is the biggest step Taiwan has taken in terms of international trade, after joining the WTO in 2002," he stressed.
"Most of (the CPTPP's) member countries are Taiwan's key trade partners, accounting for over 24 percent of Taiwan's international trade," cabinet spokesman Lo Ping-cheng told reporters.
"Taiwan can't be left out in the world and has to integrate into the regional economy."
Taiwan had been lobbying to join the pact for years but on Thursday made a formal application. Those hoping to join, such as Britain, must have the unanimous support of all the pact's member countries
On Thursday, Australia said China must end a freeze on contacts with senior Australian politicians if it hopes to sign up. All of the CPTPP members have official diplomatic relations with Beijing, not Taipei. — Agencies


Clic here to read the story from its source.