by | Sep 24, 2021 | Featured Articles, Media Releases | 0 comments

Media release, 23 September 2021

Chinese Taipei’s formal application to join the Comprehensive and Progressive Agreement for Trans Pacific Partnership (CPTPP) raises the prospect of wider cutting-edge trade liberalisation in the Asia Pacific region, says Stephen Jacobi, Executive Director of the NZ International Business Forum (NZIBF).

“We welcome Chinese Taipei’s interest to join CPTPP, which clearly provides for the accession of new members, including separate customs territories, who can demonstrate they can meet its high standards. CPTPP is a pathway to the Free Trade Area of the Asia Pacific (FTAAP) which ultimately needs to incorporate all economies in the region”, said Stephen Jacobi.

New Zealand and Chinese Taipei already have a high quality trade agreement and co-operate actively in APEC and the World Trade Organsation (WTO).

“New Zealand’s FTA with the Separate Customs Territory of Taiwan, Penghu, Kinmen and Matsu has already provided excellent market access and given rise to an increase in bilateral trade. For the CPTPP bid to be successful, Chinese Taipei will need to demonstrate its ability to meet the high standards of other aspects of the Agreement. This is the same standard that applies to all CPTPP aspirants and Chinese Taipei’s application should be considered no differently”, said Mr Jacobi.

“We urge the New Zealand Government and other CPTPP partners to engage with Chinese Taipei according to the processes outlined in the Accession Protocol to deepen understanding of CPTPP’s provisions and obligations”, concluded Mr Jacobi.


Submit a Comment

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.


Register to stay up to date with latest news, as well as saving and discussing articles you’re interested in.




Latest News


Are latest announcements of intended memberships a shot in the arm for the Trans Pacific trade deal – or a spanner in the works? Way back at turn of the century the idea of what was to become the Trans Pacific Partnership (TPP) was but a glint in the eye of New...

High Noon For The NZ/UK FTA

What are the prospects for a strong outcome from the NZ/UK FTA negotiation? We’ve said it before: it’s in the nature of trade negotiations to teeter on the brink before they are concluded.  The same may be true for the NZ/UK FTA, although it has to be said the...


By Rachel Taulelei, ABAC Chat 2021 What is needed to get the APEC region humming again? If I had to choose an Olympic sport to describe running a global business these days, it would be trampolining, with the wild highs and lows. Finding ways to improve that business...

Remarks to India NZ Business Summit

The Future of Trade Agreements and How Will They Differ From Today? Stephen Jacobi, Executive Director, NZ International Business Forum 24 June 2021, Auckland, New Zealand Namaskar !  Kia ora ! Thanks Michael and thanks to INZBC for the invitation to join the...