Taiwan should focus on joining the Regional Comprehensive Economic Partnership (RCEP) instead of the Trans-Pacific Partnership Agreement (TPP), academics said yesterday.
Mignonne Chan (詹滿容), executive director of the Chinese Taipei Asia-Pacific Economic Cooperation Study Center, said at a forum on regional integration that if Taiwan joins negotiations under the RCEP, the potential economic benefits would be twice as great as those under the TPP.
The RCEP was first discussed at the 19th ASEAN Summit in November last year. A RCEP framework was set out between the 10 ASEAN member states that maps out the general principles for broadening and deepening ASEAN’s engagement with its free-trade agreement partners. ASEAN members’ free-trade partners include Australia, China, South Korea and Japan.
The RCEP market is estimated to have a combined population of more than 3 billion and a combined GDP of about US$19.9 trillion. The integrated market would be the largest in the world, said Lin Chien-fu (林建甫), professor of economics at National Taiwan University.
He said that the combined GDP, population and trade volume of the RCEP would be bigger than the TPP, even if Canada, Japan and Mexico all join the TPP in future.
AGING: While Japan has 22 submarines, Taiwan only operates four, two of which were commissioned by the US in 1945 and 1946, and transferred to Taiwan in 1973 Taiwan would need at least 12 submarines to reach modern fleet capabilities, CSBC Corp, Taiwan chairman Chen Cheng-hung (陳政宏) said in an interview broadcast on Friday, citing a US assessment. CSBC is testing the nation’s first indigenous defense submarine, the Hai Kun (海鯤, Narwhal), which is scheduled to be delivered to the navy next month or in July. The Hai Kun has completed torpedo-firing tests and is scheduled to undergo overnight sea trials, Chen said on an SET TV military affairs program. Taiwan would require at least 12 submarines to establish a modern submarine force after assessing the nation’s operational environment and defense
A white king snake that frightened passengers and caused a stir on a Taipei MRT train on Friday evening has been claimed by its owner, who would be fined, Taipei Rapid Transit Corp (TRTC) said yesterday. A person on Threads posted that he thought he was lucky to find an empty row of seats on Friday after boarding a train on the Bannan (Blue) Line, only to spot a white snake with black stripes after sitting down. Startled, he jumped up, he wrote, describing the encounter as “terrifying.” “Taipei’s rat control plan: Release snakes on the metro,” one person wrote in reply, referring
The coast guard today said that it had disrupted "illegal" operations by a Chinese research ship in waters close to the nation and driven it away, part of what Taipei sees a provocative pattern of China's stepped up maritime activities. The coast guard said that it on Thursday last week detected the Chinese ship Tongji (同濟號), which was commissioned only last year, 29 nautical miles (54km) southeast of the southern tip of Taiwan, although just outside restricted waters. The ship was observed lowering ropes into the water, suspected to be the deployment of scientific instruments for "illegal" survey operations, and the coast
Taiwan’s two cases of hantavirus so far this year are on par with previous years’ case numbers, and the government is coordinating rat extermination work, so there should not be any outbreaks, Centers for Disease Control (CDC) Director-General Philip Lo (羅一鈞) said today in an interview with the Liberty Times (the Taipei Times’ sister newspaper). An increase in rat sightings in Taipei and New Taipei City has raised concerns about the spread of hantavirus, as rats can carry the disease. In January, a man in his 70s who lived in Taipei’s Daan District (大安) tested positive posthumously for hantavirus, Taiwan’s
RSS