Taiwan
President Chen Shui-bian and Premier Yu Shyi-kun gave speeches to more than 40 members of the new Cabinet during a two-day orientation program in picturesque Ilan County in late May. The educational trip was arranged to familiarize the new appointees with government policy for the next four years.
The Cabinet will set up a special task force to handle the signing of a free-trade agreement (FTA) with the US in a bid to speed up the trade negotiations that have been stalled since the beginning of last year, Premier Yu Shyi-kun announced yesterday.
Taiwan is probing the possibility of signing a free-trade agreement (FTA) with Paraguay, a government official confirmed yesterday.
A review, published by the right-wing Project for a New American Century, of reasons why the US should go into an FTA with Taiwan.
A report released October 21 by the U.S. International Trade Commission (ITC) concludes that a free trade arrangement between the United States and Taiwan would likely have a "very small" impact on the overall U.S. economy, but trade flows for certain trade sectors would probably "increase substantially."
Bilateral U.S.-Taiwan consultations under the Trade and Investment Framework Agreement are expected to be resumed this year, probably in the fall, a senior U.S. trade official said yesterday.
