EU official sees possibility of Taiwan-EU trade pact
Central News Agency
2014-04-02 11:10 PM
Taipei, April 2 (CNA) Progress could be achieved toward a bilateral economic cooperation agreement (ECA) between Taiwan and the European Union if both sides can find common ground, an official from the European Commission told CNA Wednesday. John Clancy, spokesman for Commissioner for Trade Karel De Gucht, said an investment agreement covering bilateral market access could be worth exploring in due course. The negotiation of such an agreement would not be affected by a trade-in-services pact between Taiwan and China, which has given rise to much controversy in Taiwan, Clancy said. However, the commission must give priority to economic and trade developments within Europe before such discussions could take place, Clancy said, citing De Gucht. "We have to focus on our current trade agenda first," De Gucht said last October in response to a resolution adopted by the European Parliament. "The time will come later on to assess possible ways to improve our trade relations with Taiwan, provided that a shared level of ambition can be found." The commission, the EU's executive body, will continue to push for trade agreements with Asian countries, De Gucht said. (By Tsao Yu-fan and Lee Hsin-Yin)
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