Former Australian Prime Minister Malcolm Turnbull said last month that he supported a free trade agreement between Australia and Taiwan and Taiwan`s accession to the CPTPP at a virtual forum that also included Taiwanese President Tsai Ing-wen. Republican Congressman Michael McCaul told Reuters in September that a trade deal with Taiwan was “very important” on the Trump administration`s radar screen. Days later, a group of 42 Republican senators and eight Democratic senators asked Mr. Trump to begin negotiations for a bilateral trade deal with Taiwan. Even if Taiwan were to insist on a trade pact with Trump officials, it appears that a Biden administration will support new trade negotiations with Taiwan. Taiwan has signed a series of agricultural cooperation agreements with NSP countries, including a cooperation agreement with Indonesia in May 2018, an agreement with India in September 2016 and similar agreements with Vietnam, Thailand, Malaysia, Australia and the Philippines.38 As soon as the first six signatories reach their target by 2010, the CLMV countries (Cambodian) , Lao PDR, Myanmar, Vietnam) have adopted the same customs policy. , with the same goal of achieving by 2015. [6] In 2010, the ASEAN-China Free Trade Area became the largest free trade area in terms of population and the third largest in nominal GDP. It was also the third volume of trade after the European Economic Area and the North American Free Trade Area. [12] [7] Beyond the impressive growth in trade and investment flows, tourism and student exchanges, Taipei can report progress in bilateral trade and diplomatic engagement. The new bilateral investment agreement signed with the Philippines in December 2017 is a remarkable achievement under the Tsai government. The investment contract of the two countries had not been revised since 1992. The Tsai administration now wants to sign similar revised agreements with other NSP countries, including Thailand, Malaysia, Indonesia, Vietnam and India.32 As Taiwanese Deputy Minister for Economy Wang Mei-hua said in an interview with the Taipei Times: “We hope that the acquis with the Philippines will inspire other Southeast Asian countries to renew their investment agreements with Taiwan.” Taipei had already entered into investment contracts with most of these countries in the mid-1990s.