Does RCEP exclude Taiwan really does not affect? ​​Latest polls hit DPP-Politics-China Times News severely



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The mainland China-led RCEP signing was completed on the 15th of this month and Taiwan was excluded. The broader business circle assessed that five major industries would be affected, including petrochemicals, textiles, automotive, and others. However, Economy Minister Wang Meihua said that this tax reduction Compared with the existing Free Trade Agreement (FTA), the degree of liberalization has little impact on Taiwan in ASEAN countries. However, the latest polls show that more than 60% of people are concerned that Taiwan’s competitiveness will decline as a result.

Introduction to RCEP
Introduction to RCEP

All 10 ASEAN countries and 15 countries, including China, Japan, South Korea, Australia and New Zealand, signed the “Regional Comprehensive Economic Partnership (RCEP) Agreement” on the 15th. It is reported that the RCEP, which has been negotiated for 8 years, aims to reduce tariffs and achieve a common origin. The rules strengthen the supply chain and codify new e-commerce rules. After its entry into force, it will become a free trade superzone with the world’s largest population (covering a third of the world’s population), GDP and trade volume will account for 30% of the world, and the first trade agreement celebrated by China, Japan and South Korea.

Regarding the impact of the RCEP, Wang Meihua noted that a preliminary understanding of the scope of the RCEP tax cuts and the degree of liberalization has not increased much compared to the existing FTAs. Tax cuts will only be reflected in 10-20 years, and the RCEP member states are mutually exclusive. There are free trade agreements, including ASEAN and the mainland, Japan, South Korea, New Zealand, and Australia. The liberalization of tax cuts this time around is not much different from existing free trade agreements. RCEP is estimated to have relatively little impact on me in ASEAN.

RCEP has an impact on the top five industries.
RCEP has an impact on the top five industries.

However, the influence of the official mouth is not great Tan Jinyu, director of the Ninth Research Institute of the Taiwan Academy of Economics, cited internationally renowned think tanks, but had different points of view. The “Peterson Institute for International Economics (PIIE)” simulates the impact of joining RCEP and CPTPP on real revenues and exports of various countries by 2030. The study notes that if Taiwan does not join RCEP, it will have less economic impact than CPTPP. Is big. By 2030, it will reduce China’s exports by US $ 8 billion (about Taiwanese $ 230 billion) and real revenue by US $ 3 billion.

Internet outlet “Yahoo” also conducted a poll on “Taiwan did not join the RCEP”, with the topic “Taiwan did not join the RCEP, are you concerned about Taiwan’s international competitiveness?” The survey found that it said “very 37.0% were concerned”, 25.8% were “quite concerned”, 14.9% were “not too concerned” and only 5% were “not very concerned”, 17.3% were “don’t know / don’t comment”. You can find that 62.8% of netizens express concern. A total of more than 15,000 netizens participated in the survey of this survey, and the survey period was from November 16 to 21.

The RCEP was signed and Taiwan was excluded.  (Photo / YAHOO Online Vote)
The RCEP was signed and Taiwan was excluded. (Photo / YAHOO Online Vote)

(Zhongshi News Network)



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