As the peak body representing Australia, New Zealand and Taiwan business community, the Australia New Zealand Chamber of Commerce in Taipei (ANZCham Taipei) is continuously advocating on behalf of our members.
Most recently, the Chamber has been engaging with the Australian government advocating for Taiwan's inclusion into the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).
Please find below our open letter to the Committee Secretary of the Joint Standing Committee on Foreign Affairs, Defence and Trade.
Dear Committee Secretary
The Australia New Zealand Chamber of Commerce in Taipei (ANZCham Taipei) strongly supports the expansion of the Trans-Pacific Partnership (TPP) and views that Taiwan’s inclusion in the CPTPP will have significant business interests for both Australia and Taiwan.
As of 2019 Taiwan was Australia’s sixth largest export market for Australia. Australia is a key supplier of Energy to Taiwan as the largest supplier of coal (thermal and metallurgical), iron ore and LNG. As Taiwan transitions to green energy, Australian companies are also assisting in the transition to offshore wind and Taiwan also has the potential to be a key market for hydrogen. Australian agricultural products such as meat, wheat, and dairy products also have a significant foothold in the market, that would benefit from preferential tariffs. And Australia would benefit from increased imports of high quality Taiwanese electronics/technology including semiconductors.
It is also important to note that Taiwan has had an ECA (ANZTEC Agreement) with New Zealand since 2013, and the benefits to New Zealand-Taiwan trade have been exponential, since signing the agreement Taiwan has jumped from 8th largest export market to 7th for New Zealand - a strong indicator of the benefit that such an agreement would have on Australia.
Taiwan has a proven track record as a reliable trading partner and an ECA whether that be bilateral or multilateral will provide the opportunity for Australian exporters to further diversify their global distribution.
Yours sincerely,
Mr Alex Matos
Executive Director
Australia New Zealand Chamber of Commerce in Taipei (ANZCham Taipei)
For further information or to provide feedback on this initiative, please contact:
Alex Matos, Executive Director at Australia New Zealand Chamber of Commerce Taipei director@anzcham.org.tw
Download the submission here:
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