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Canadian MP voices support for Taiwan's CPTPP participation

2018/01/26 15:14:17

Image taken from Ed Fast's official website

Toronto, Jan. 25 (CNA) A Canadian member of parliament who was part of a visiting delegation to Taiwan early this month has voiced his support for Taiwan's participation in the Comprehensive and Progressive Agreement for the Trans-Pacific Partnership (CPTPP).

In a Jan. 18 press statement released by the delegation, Ed Fast, MP for Abbotsford, a city in British Columbia, was quoted as saying: "We welcome Taiwan's interest in joining the CPTPP."

The CPTPP was a major point of discussion during President Tsai Ing-wen's (蔡英文) talks with the delegation, as Tsai was previously reported to have asked Canada, the second-largest economy in the CPTPP, to step up its support for Taiwan to join the proposed regional trade bloc.

Bob Nault, who headed the delegation, said that "it is extremely important that we explore the benefits of strengthening our relationship with Taiwan."

Nault pointed out that Taiwan is Canada's 11th-largest trade partner, with over US$6 billion in bilateral trade.

Therefore, "it only makes sense to continue to build this relationship as we explore other mutual interests," he said.

This could include a Foreign Investment Promotion and Protection Agreement deal with Canada to increase foreign investment, which is an issue that Tsai brought up during their meeting.

Fast also noted the strong working relationship that the two countries share in the World Trade Organization, the Asia-Pacific Economic Cooperation forum, and Trade in Services Agreement negotiations.

The statement described the Canadian mission to Taiwan as a success.

The CPTPP, a regional trade bloc based on the former Trans-Pacific Partnership, currently includes Canada, Australia, Brunei, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam.

(By Hu Yu-li and Kuan-lin Liu)