Note: Where available, the PDF/Word icon below is provided to view the complete and fully formatted document
Australia welcomes first move to bring Taiwan into the Gatt



Download PDFDownload PDF

MT80

30 September 1992 /

No. Date:

AUSTRALIA WELCOMES FIRST MOVE TO BRING TAIWAN INTO THE GATT

Australia welcomed the agreement to begin the process towards Taiwan's membership of the GATT, the Minister for Trade and Overseas Development, John Kerin, said today.

Mr Kerin was commenting on the agreement reached in Geneva earlier today by the GAIT Council to establish a working party to examine Taiwan's trade credentials to become a member of the GATT.

"This now opens the way for GATT members, including Australia, to examine in detail the trading regime of Taiwan for its conformity with GAIT principles and rules," Mr Kerin said.

"Australia has developed significant trading links with Taiwan, which is now our sixth largest export market.

"There are still discriminatory and protectionist barriers to the Taiwan market, however, and Australia will be using the GATT accession process to address these concerns," Mr Kerin said.

Mr Kerin said that Taiwan was seeking to accede to the GATT as a separate customs territory and that the decision to establish the working party had been taken only after protracted discussions with a number of key GAIT members and the People's Republic of China.

He noted that Australia also enjoyed close relations with China and said he expected that this decision would also help to advance China's membership of the GATT.

"Accession by both Taiwan and China would bring into the GAIT system two of the few remaining significant economies that still remain outside this important institution," Mr Kerin said.

COMMONWEALTH PARLIAMENTAR Y LIBRARY MICAH