Australia should support Taiwan’s entry to TPP and block China’s

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China has officially sought to join the 11 member Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), and is expected to lobby against Taiwan’s inclusion.

Taipei Economic and Cultural Office in Australia representative Elliott Charng told a parliamentary inquiry in Canberra yesterday that Taiwan’s membership of the CPTPP would be of mutual benefit, and has requested Australia’s support to enter the pact.

Charng said Australia was already Taiwan’s third-largest source of wheat, barley, beef and meat products and admission to the trade pact would further strengthen trade.

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.