The Trans-Pacific Partnership (TPP) could give Taiwanese businesses an opening to “move further up the value chain and develop more of [their] own branded goods and services,” a new analysis by the Brookings Institution says.
However, in the view of Brookings Taiwan studies director Richard Bush and economics expert Joshua Meltzer, the reasons for Taiwan to join the TPP go beyond the potential market openings with major trading partners and are “more strategic in nature.”
They say that the TPP’s liberalization agenda will require Taiwan to undertake a range of economic reforms that will have a “significant and positive impact” on Taiwan’s productivity, competitiveness and economic growth.
