Connect with us

Hi, what are you looking for?

News

Taiwan blasts ‘arch criminal’ China for Pacific trade pact threats

TAIPEI — China is an “arch criminal” intent on bullying Taiwan and has no right to oppose or comment on its bid to join a pan-Pacific trade pact, Taiwan’s government said in an escalating war of words over Taipei and Beijing’s decision to apply.

Chinese-claimed Taiwan said on Wednesday it had formally applied to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), less than a week after China submitted its application.

China’s Foreign Ministry said it opposed Taiwan “entering into any official treaty or organization”, and on Thursday Taiwan said China sent 24 military aircraft into the island’s air defense zone, part of what Taipei says is an almost daily pattern of harassment.

In a statement late on Thursday, Taiwan’s Foreign Ministry said China had “no right to speak” about Taiwan’s bid.

“The Chinese government only wants to bully Taiwan in the international community, and is the arch criminal in increased hostility across the Taiwan Strait,” it said.

China is not a member of the CPTPP and its trade system has been widely questioned globally for not meeting the high standards of the bloc, the ministry added.

China sent its air force to menace Taiwan shortly after the application announcement, it said.

“This pattern of behavior could only come from China,” it said.

In a statement also issued late Thursday, China’s Taiwan Affairs Office said China’s entry into the CPTPP would benefit the post-pandemic global economic recovery.

China opposes Taiwan using trade to push its “international space” or engage in independence activities, it added.

“We hope relevant countries appropriately handle Taiwan related matters and not give convenience or provide a platform for Taiwan independence activities,” it said.

The original 12-member agreement, known as the Trans-Pacific Partnership (TPP), was seen as an important economic counterweight to China’s growing influence.

But the TPP was thrown into limbo in early 2017 when then-US President Donald J. Trump withdrew the United States.

The grouping, which was renamed the CPTPP, links Canada, Australia, Brunei, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam. — Reuters

Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest

News

A Philippines Peso note is seen in this picture illustration June 2, 2017. REUTERS/Thomas White/Illustration The Philippines remains under a “gray” list of countries...

Editor’s Pick

A Brewdog promotion which said customers could win “solid gold” beer cans was misleading, the advertising watchdog has found. The Scottish brewer offered...

Editor’s Pick

There is growing concern that free, face-to-face advice which helps hundreds of thousands out of debt each year could be cut. New contracts...

Editor’s Pick

The Bank of England’s new chief economist has warned that UK inflation is likely to hit or surpass 5% by early next year....

News

PHILIPPINE STAR/ MICHAEL VARCAS By Luz Wendy T. Noble, Reporter The Philippines expects to narrow its budget deficit, with the government having raised tax...

News

The Philippine economy is expected to grow by 4.3% this year — slower than originally expected — due to recurring coronavirus infection surges in...

You May Also Like

When people envision technology overtaking society, many think of The Terminator and bulletproof robots. Or Big Brother in George Orwell’s Nineteen Eighty-Four, a symbol...

Financial Advisors

Stock Markets9 hours ago (Jul 02, 2020 04:45AM ET) (C) Reuters. ROME (Reuters) – World food prices rose in June to post their first...

Economy

SAN FRANCISCO — The spread of the coronavirus has meant feast or famine for technology start-ups. While many are cutting staff and slashing costs...

Economy

OAKLAND, Calif. — Jack Dorsey has won plaudits for his corporate activism during the coronavirus crisis, taking on President Trump in his role as...

Disclaimer: Respect Investment.com, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2021 Respect Investment. All Rights Reserved.

Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!