blogs  
 
yournews
   
 
Video Photos Finance Travel Weather Discussion TV Shows
| |
 
  Home ›
 
Asia Pacific News

 

Singapore-Taiwan trade deal could open doors for Taiwan
Posted: 07 September 2010 1459 hrs

  Prime Minister Lee Hsien Loong (file pic)
 
Photos  of

   
 


TAIPEI: Singapore's Prime Minister Lee Hsien Loong said more Asian nations will be inclined to forge trade pacts with Taiwan if it secures such a deal with his city-state first, Taiwanese media said Tuesday.

Mr Lee, in an interview with the Taipei-based China Times, said the two sides hope to sort out details for the planned deal within "the next few months".

Taiwan and Singapore announced in July that they will hold talks later this year on a trade agreement, the first such negotiations since Taipei sealed a major trade deal with China.

"Our selling point is that if (Taiwan) has cooperation with Singapore, other countries will ponder hard: 'If Singapore is doing this, are we going to lag behind if we are not following.'"

Mr Lee added Singapore, a leading member of the Association of Southeast Asian Nations (ASEAN), was ahead of other nations in the bloc in signing trade deals with major economies such as the United States and Japan.

But Mr Lee noted the pact issue is still "sensitive" for Taiwan despite its warming ties with China.

Taiwan "has to ensure that cross-strait ties are not affected when it walks out (onto the international stage). I believe Taiwan will carefully consider this factor," Mr Lee said, adding that Beijing is keeping an eye on the matter.

Ties between Taipei and Beijing have improved markedly since President Ma Ying-jeou became the island's president on a China-friendly platform in 2008.

Taiwan already has free trade agreements with Panama, Guatemala and Nicaragua and has been pushing to forge tie-ups with other major trading partners as it tries to avoid being marginalised.

But talks were bogged down, largely due to pressure from Beijing, which considers Taiwan part of its territory, even though the island has governed itself since the end of a civil war in 1949.

Singapore is Taiwan's sixth largest trading partner and maintains cordial ties with the island but, like most countries, officially recognises Beijing over Taipei.

-AFP/wk

 


Other asiapacific News
UN envoy to hold talks in Maldives
Biden meets Chinese activists ahead of VP visit
Aussie abattoir shuts down over animal abuse
Police chief defection rumours spark China intrigue
2 Tibetan protesters "shot dead"
Iran, free trade pact top EU-India summit agenda
Japan institution releases China Security Report
Japan braces for more snow
US recognises new government of Maldives
'Don't talk to editors', Australia MPs told
Car bomb in Thai south kills 1, wounds 15
Japan mayor slams US base deal
'Dr Death' appeals Australia jail sentence
Arrest warrant for Maldives ex-president
Sidelined police chief sparks China leadership intrigue
Pakistan Al-Qaeda chief killed by US drone
New Maldives leader struggles to curb 'anarchy'
Maldives ex-president issued arrest warrant
China faces shortage on hospice care
Leopard drags away and eats 14-year-old girl
N.Z. quake building was sub-standard
US Navy plane parts fall on Japan

 

 
Affiliate Sites:
 
About Us  |  Contact Us  |  Advertise with Us  |  Terms & Conditions