Taiwan’s accession to Pacific trade pact would uphold economic order
“The CPTPP is more than just a trade bloc; it is a strategic platform underpinning the rules-based economic order in the Indo-Pacific. Formally established in 2018, it succeeds previous regional economic frameworks in effect since 2005.”
“The CPTPP’s 11 members—including Australia, New Zealand, Canada, Japan, Vietnam and Singapore—have committed to shared high-standards and enforceable trade norms, enabling increased investment flows and more productive competition between members.”
“In this context, Taiwan’s inclusion makes both economic and geopolitical sense. A dynamic democracy with an advanced US$790 billion economy and one of the world’s leading high-tech sectors, Taiwan already meets the high standards of the CPTPP. Its accession would inject new momentum into the bloc, further diversify trade, and create a more resilient economic order amid growing global uncertainty.”
Source: The Strategist – ASPI