The European Union will upgrade its trade and investment relations with Taiwan, as it looks to tap into Taipei’s “role as a hi-tech leader”, having earlier ditched the plan to avoid angering China.
The new legal framework for intellectual property rights will meet the standards set out in the CPTPP free trade agreement, and is expected to help in the country’s negotiations to join the 11-member trade bloc.
Australian trade committee recommends that Australia support the applications of the UK and Taiwan, but places conditions on support for China’s accession.
Taiwan lifted its ban on most food imports from areas around the Fukushima nuclear power plant, removing an irritant in the bilateral relationship and making it easier for Japan’s government to support Taiwan joining an Asia-Pacific trade deal.
Since both Taiwan and the People’s Republic of China announced their intentions to join the CPTPP in September 2021, discussions about their relative chances of success have largely centered around a binary construct.
Taiwan looks set to lift a long-standing ban on imports of food products from five Japanese prefectures as it seeks to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership.
Trade ministers of Japan and Singapore pledged to maintain the high standards of market access and rules of the Trans-Pacific Partnership free trade deal, which China and Taiwan made a bid to join last year.
Taiwan and Canada have agreed to start talks on an investment protection agreement, both governments said on Monday, part of the Chinese-claimed island’s efforts to boost ties with fellow democracies in the face of growing pressure from Beijing.
Taiwan hopes to update 1994 investment agreement.
The Taiwanese government hopes the result will bolster its case to join the CPTPP and remove a stumbling block for a free trade deal with the United States.
India and Taiwan have begun talks on a free trade pact, a bilateral investment agreement and creating a semiconductor manufacturing hub in the country.
The ECFA between Taiwan and China came into effect in 2010, and it officially expired last year, though neither side appears to have formally terminated it.
Nicaragua’s parliament on Tuesday repealed the free trade agreement (FTA) signed in December 2006 with Taiwan, after last week severing diplomatic ties with the island in favor of Beijing.
Nowhere is the intersection between geopolitics and geoeconomics more evident than the accession negotiations under the 11-member Comprehensive and Progressive Agreement for Trans-Pacific Partnership.
Taipei could not afford to wait to request entry once Beijing got in the game. Yet the CPTPP is at the heart of mapping out Taiwan’s long-term survival, not just a means to remain competitive in global markets.
When Taiwan aimed to join the first incarnation of the CPTPP, the US-led Trans Pacific Partnership, it garnered little support due to concerns about China.
Any new entry in the CPTPP requires the unanimous support of all the trade bloc’s members.
European Parliament’s committee President said that he would continue to push for closer ties between the EU and Taiwan, and advocate for a bilateral investment agreement.
Lawmakers are concerned about the consequences for Taiwan’s bid to join the CPTPP if people vote to ban the import of pork products containing ractopamine residue in a referendum on Dec. 18.
India is looking to quickly sign a preferential trade agreement with Taiwan with a special focus on securing a steady supply of microprocessors, electronic components and precision tools, senior officials said.