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 has completed free trade agreement (FTA) consultations on all issues, including country of origin and market access issues, with El Salvador and Honduras.
Once decided, the treaty would offer greater opportunities to both nations to accede the United States markets.
Failure to agree on sugar quotas yesterday prompted Taiwanese President Chen Shui-bian to delay the signing of a Free Trade Agreement (FTA) with El Salvador, saying that the two countries must first iron out their differences.
After the negotiations for the "Doha Round" of world trade talks collapsed at the end of July, Brazilian Foreign Minister Celso Amorin said that international trade would revert to the law of the jungle, with the strong lording it over the weak.
Taiwan will continue to enhance economic ties with its Central American allies through either bilateral Free Trade Agreements (FTAs) or the "Jung Pang Project," President Chen Shui-bian said yesterday.
n executive committee was established in Taipei yesterday to oversee the execution of a Taiwan-Guatemala free trade agreement (FTA) that took effect July 1.
Honduran President Manuel Zelaya is expected to visit Taiwan and sign a free trade agreement (FTA) with President Chen Shui-bian in October, Taiwan officials stationed in the Central American country said yesterday.
Taiwan’s Ministry of Economic Affairs announced Sunday that a second round of free trade agreement (FTA) talks with El Salvador and Honduras was scheduled to kick off the following day in San Francisco.
Taiwan hopes to sign a free trade agreement with El Salvador in October, if negotiations could be completed smoothly, Director-general of the Ministry of Foreign Affairs’ Department of Central and South American Affairs Ko Jai-son said on Tuesday.
Taiwan and Nicaragua have signed a free trade agreement (FTA) pledging to join forces to explore the North American market, the Board of Foreign Trade said.