World Video | Defence | Foreign Affairs | Natural Events | Trade | NZ in World News | NZ National News Video | NZ Regional News | Search


President Ma Praises Taiwan-NZ Economic Cooperation Pact

President Ma Praises Taiwan-NZ Economic Cooperation Pact

President Ma Ying-jeou said July 16 that the recently concluded Agreement between New Zealand and the Separate Customs Territory of Taiwan, Penghu, Kinmen and Matsu on Economic Cooperation (ANZTEC) will further boost bilateral trade and strengthen the nation’s regional economic integration prospects.

“I’m delighted at the potential of the ANZTEC for creating greater bilateral economic and trade profits,” Ma said. “The pact will strengthen economic cooperation; promote industrial development; demonstrate our commitment to further trade liberalization; and encourage other trading partners to sign similar agreements with Taiwan.”

The president made the remarks during a reception in Taipei City held by the Ministry of Economic Affairs and Ministry of Foreign Affairs. Among those attending were Premier Jiang Yi-huah, Legislative Yuan President Wang Jin-pyng, Minister of Foreign Affairs David Y. L. Lin, Stephen Payton, Director of Taipei-based New Zealand Commerce and Industry Office, members of the diplomatic corps, and representatives of the private sector.

The ANZTEC represents many firsts, Ma said. “New Zealand is the first developed economy, non-ROC diplomatic ally and Southern Hemisphere country to sign an economic cooperation agreement with Taiwan. It is also the first free trade agreement since the conclusion of Cross-Straits Economic Cooperation Framework Agreement (ECFA) in 2010.

“This shows that government efforts to improve cross-strait relations and expand Taiwan’s international participation have paid off.”

Ma said in his 2010 debate with Taiwan opposition leaders on the ECFA, he stated that the strategy of expanding Taiwan’s role in the international community through mainland China and vice versa can run in tandem.

“Shortly after the Cross-Strait Trade in Services Agreement was concluded June 21, the ANZTEC was sealed following 14 months of negotiation, proof the government has turned the once vicious cycle of cross-strait relations and international affairs into a virtuous one.”

In addition, part of the ANZTEC addresses issues that are not generally dealt with under the World Trade Organization rules, such as 132 stipulations on environmental protection and sustainable development, the president said, describing the agreement as a WTO-plus pact rarely seen in the international community.

The agreement also covers innovative areas such as open skies, film and TV production cooperation, as well as indigenous people exchanges, he added.

Ma said the ANZTEC demonstrates the ROC’s commitment to regional economic integration and creates favorable conditions for Taiwan to join trade blocs such as the Trans-Pacific Partnership and Regional Comprehensive Economic Partnership.

“The government will continue working to sign FTAs and ECAs with major trading partners under the principles of establishing multiple contacts and sealing deals one by one.”


© Scoop Media

World Headlines


Climate Strike: At UN, Youth Activists Press For Bold Action

This first-ever UN Youth Climate Summit follows Friday’s global ‘climate strike’, which saw millions of young people from across the globe walk out of school and jam streets in major cities, from New York to New Delhi and Santiago to San Francisco. More>>


Pacific: Tongan PM 'Akilisi Pohiva Dies, Aged 78

A constant thorn in the side of the monarchy and nobility, Mr Pohiva's lifelong battle for representation had seen him fired from the public service and charged with sedition... More>>


Untied Kingdom: UK PM Moves To Suspend Parliament In Weeks Before Brexit

The Prime Minister has briefed Cabinet colleagues that the government will bring forward an ambitious new legislative programme for MPs’ approval, and that the current parliamentary session will be brought to an end. More>>


Gordon Campbell: On The Hong Kong Protest Movement

The pro-democracy protests enjoy huge support among Hong Kong’s youth, partly because the democratic systems currently at risk have only a limited time span. More>>