Chinese Taipei has received the notification from the APEC Secretariat that Chinese Taipei, along with Australia, has been approved to become a formal member of the APEC CBPR system, after the US, Mexico, Japan, Canada, South Korea and Singapore. According to previous member economies’ experiences in joining the system, it would take roughly one to one and half years for completing related procedures. It only took approximately 8.5 months for Chinese Taipei to join the system and the whole process went rather smoothly.
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