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CHALLENGES AND PROSPECTS FOR THE CPTPP IN A CHANGING GLOBAL ECONOMY: TAIWANESE ACCESSION AND CANADA'S ROLE.

Authors :
Stephens, Hugh
Source :
School of Public Policy Publications; Dec2020, Vol. 13 Issue 29, p1-12, 13p
Publication Year :
2020

Abstract

In the past, Canada has had to deal with the matter of Taiwan very delicately. China considers Taiwan to be an integral part of the nation: a rogue province that must eventually be reunified with the mainland. Since Canada relies much more on trade with China than with Taiwan, the stakes have favoured policies that avoid engaging with Taiwan in ways that would unnecessarily irritate China. As a result, there has been little appetite here for negotiating a bilateral trade deal with Taiwan. That attitude is finally changing. One main reason is because China is already angry with Canada, and vice versa. Relations between the two countries are at an all-time low, and domestic support for accommodating China is minimal. As a result, Canada is freer than before to consider negotiating a trade agreement with Taiwan. At the same time, Taiwan is interested in joining the Comprehensive and Progressive Trans-Pacific Partnership (CPTPP), to which Canada is already a party. By supporting Taiwan's accession to the CPTPP, Canada can achieve a free-trade agreement with Taiwan without having to negotiate one bilaterally. The ability to do so under the aegis of a multilateral agreement should serve to mitigate any remaining concerns that China might further retaliate against Canada directly. However, striking back at China is not a reason for Canada to support Taiwan's accession to the CPTPP. We should do so because it is in the interest of Canada and the other members of the CPTPP to add to the strength of the organization by welcoming an economy that is an important global trader and a key player in global supply chains. In addition, Taiwan is a country that is clearly willing and able to accept CPTPP disciplines. Canada should move quickly and enthusiastically to support Taiwan's accession. The benefits of having Taiwan join Canada in a free-trade agreement are obvious. The opportunity to make it a reality is finally here. [ABSTRACT FROM AUTHOR]

Details

Language :
English
ISSN :
25608312
Volume :
13
Issue :
29
Database :
Complementary Index
Journal :
School of Public Policy Publications
Publication Type :
Academic Journal
Accession number :
148836102
Full Text :
https://doi.org/10.11575/sppp.v13i0.71216