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 Ministry of Economic Affairs said Tuesday that now is not the time to engage in official talks on the signing of a free trade agreement (FTA) with India.
India and Taiwan have begun work on a feasibility study to pave the way for the opening of formal talks on a free trade agreement (FTA), India’s Foreign Secretary Nirupama Rao said Monday.
Negotiations on trade arrangements between the European Union (EU) and Taiwan are on the right track despite imbalance in bilateral trade and investment, according to a top EU diplomat in Taipei.
Some Chinese Nationalist Party (KMT) lawmakers yesterday challenged officials over the government’s post-Economic Cooperation Framework Agreement (ECFA) plan to seek free-trade agreements (FTAs) with as many countries as possible.
The Republic of China’s (ROC) representative to the European Union and Belgium, David Lin, says that ROC diplomats in Europe are set to begin pushing for a Free Trade Agreement with the EU. The ROC is the official name of Taiwan’s government.
Taiwan and Singapore will begin formal negotiations on a free trade agreement early next year after completing feasibility studies, representatives of both governments announced in a joint press release Wednesday.
Barely six months ago, Taiwan’s industrialists were jubilant. The Economic Cooperation Framework Agreement (ECFA), which the island signed with mainland China, was celebrated as a blow against trade arch-rival South Korea.
A second seminar on Taiwan-Indonesia collaboration opened in the Indonesian capital of Jakarta Tuesday to further explore bilateral ties on a wide front ranging from free trade agreements (FTAs) to challenges facing the media and technology sectors.
Taipei will continue to encourage the EU to negotiate with Taiwan on accords to reduce trade barriers and facilitate bilateral relationships, though its plate is full in discussing free-trade agreements (FTA) with several countries, a Ministry of Foreign Affairs (MOFA) official said yesterday.
A senior member of the European Parliament is calling for the parliament to sign a free trade agreement with its fourth largest Asian trading partner Taiwan.