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
The European Parliament’s Foreign Affairs Committee adopted a report that urged the EU to begin work on a bilateral investment agreement with Taiwan.
EU lawmakers are fed up with the European Commission’s reluctance to start an investment deal with Taiwan, while U.S. President Joe Biden has his sights set on trade talks with Taipei.
Taiwan wants the Australian government to resume free trade agreement talks after they were halted several times from pressure by Beijing.
President Tsai reiterated a call for Taiwan and the EU to restart talks for a stalled bilateral investment agreement.
“I very much look forward to Taiwan and the UK being able to commence dialogue on a free trade or bilateral investment agreement," President Tsai said.
The government is stepping up efforts to persuade European countries to start bilateral investment agreement talks with Taiwan, as the conditions are ripe, Minister said
Taiwan’s Chinese International Economic Cooperation Association encouraged Taiwanese companies to take advantage of free trade deals in Africa.
A bilateral trade deal between Taiwan and the United States would reinforce U.S. support for the democratic island in the face of “unrelenting intimidation” from China, Taiwan President Tsai Ing-wen said.
Taiwan reiterated Sunday its desire to join the CPTPP, and negotiators are in Washington this week hammering out a potential free trade agreement with the United States.
Taiwan’s de facto ambassador to the United States Hsiao Bi-khim urged the US to initiate bilateral trade talks.