Taiwan actively seeks bilateral free trade agreements, though it is hampered in this effort by its status vis-a-vis China. It has FTAs already with Panama (2003), Guatemala (2005), Nicaragua (2006), El Salvador (2007) and Honduras (2007). It is negotiating with Dominican Republic and Paraguay. And it hopes to negotiate further deals with Costa Rica, Israel, Swaziland, Japan, the US of course, Korea, New Zealand, Singapore and Mexico. Taipei’s emphasis on Central American countries as FTA partners is to gain access to the US market under NAFTA and CAFTA. But now Taiwan is in talks with China for a possible FTA following the signing of the Economic Cooperation Framework Agreement (ECFA) between the two governments in 2010.
last update: May 2012
Photo: simonwai/CC BY-NC-SA 2.0
Taiwan is struggling to find ways of making free trade agreements (FTAs) with its trading partners, even as China and ASEAN are set to sign two landmark agreements this month establishing the world’s largest Free Trade Area, which is scheduled to come into being by 2010.
Taipei, Sept. 20 (CNA) The first round of talks on a Taiwan-Nicaragua free trade agreement (FTA) started in Taipei Monday. Ministry of Economic Affairs (MOEA) officials said that a 20-member Nicaraguan delegation is visiting Taipei to negotiate with its Taiwanese counterparts.
Taiwan is expected to sign an investment protection pact with Israel and start bilateral negotiations on a free trade agreement (FTA) soon, Council for Economic Planning and Development (CEPD) officials said Friday.
The first round of talks on a Taiwan-Nicaragua free trade agreement (FTA) will be held in Taipei Sept. 20-24, Ministry of Economic Affairs (MOEA) officials said Thursday.
In light of Taiwan’s efforts to improve intellectual property rights (IPR) protection, the American Chamber of Commerce in Taipei (AmCham) yesterday said that it has been urging the US government to take action to remove Taiwan from its "Special 301 Priority Watch List" of IPR violators as quickly as possible.
In January 2002, Taiwan became a member of the World Trade Organization, whose prime mission is to promote progressively freer trade globally in faith that all countries’ economies can be stimulated thereby.
Guatemalan President Oscar Berger called for his country and the Republic of China Thursday to hold talks for signing a free trade agreement as soon as possible.
Economic Affairs Vice Minister Chen Ruey-long claimed Thursday that Taiwan will be able to sign free trade agreements (FTAs) with three of its diplomatic allies in the Caribbean and Central America within 18 months. According to Chen, the Ministry of Economic Affairs will launch negotiations with Honduras, the Dominican Republic and Nicaragua in the near term, as arrangements are proceeding smoothly.
President Chen Shui-bian said Tuesday he hopes to expand Taiwan’s economic footprint in the Americas through the recently signed free trade agreement (FTA) with Panama and offered to assist with the Central American country’s plan to widen the Panama Canal.
Hardly a day goes by without some news about free trade agreements (FTAs). Right this minute, tired trade officials somewhere are undoubtedly hammering out the final details of a bilateral trade pact.