19 May 2013

Trade talks with Taiwan reported to be near completion

6:00 pm on 19 May 2013

Reports from Taiwan say New Zealand and Taiwan are about to agree on a free trade deal.

A Taiwanese official says the talks could be completed by June.

The China Post reports that Taiwan and New Zealand began substantive talks on an economic co-operation agreement in May 2012, and were originally scheduled to conclude their talks next year.

However, Taiwan decided to speed up the negotiations with New Zealand to avoid marginalisation in negotiations on a planned Regional Comprehensive Economic Partnership, which started earlier this month.

That deal consists of 10 member states of the Association of Southeast Asian Nations and New Zealand, Australia, India, China, Japan and South Korea.