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’s private sector needs to pull its weight if government policies aimed at offsetting the impact of the U.S.-South Korea free trade agreement are to succeed, Economic Affairs Minister Shih Yen-shiang said.
Taiwanese industries must prepare themselves for the impact of an upcoming free-trade agreement (FTA) between the US and South Korea, which might hurt local business opportunities in the US market, the Bureau of Foreign Trade (BOFT) said.
Taiwan and Japan signed their first investment accord, strengthening economic ties and stepping closer toward negotiating a free-trade deal.
After negotiating with Singapore on economic partnership, Taiwan now studies similar talks with Indonesia to sign free trade agreement (FTA) to be member of the Association of Southeast Asian Nations (ASEAN).
L’Inde et l’Indonésie seraient prêts à considérer la possibilité de signer un accord de libre-échange avec Taiwan, a déclaré hier Shih Yen-shiang, le ministre de l’Economie.
Both India and Indonesia are considering possibility of signing free trade agreements (FTA) with Taiwan.
Taipei and Manila managed to reach various consensuses and sign two letters of intent during their just-concluded economic cooperation meetings in the Philippines, Taiwan’s economics minister said yesterday.
The European Union should consider signing a free trade agreement with Taiwan as “the EU’s Asian regional economic strategy will not be complete without Taiwan,” said Chen Ming-shy, deputy director-general of the Bureau of Foreign Trade July 6.
In an effort to help domestic exporters counter the impact of the South Korea-U.S. free trade agreement, Taiwan’s Ministry of Economic Affairs has proposed to offer tax rebates for imported industrial raw materials and components/parts with average tariffs topping 4.3%.
Around 1,500 Taiwanese products are facing a growing threat from South Korean exports in the European market as a result of a comprehensive free trade agreement (FTA) between the European Union and South Korea, which took effect July 1, economic officials said Saturday.