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 will sign a free trade agreement with Nicaragua June 16 to further boost bilateral trade and economic cooperation, government officials said Wednesday.
The first round of Taiwan’s free trade agreement (FTA) negotiations with El Salvador and Honduras is expected to take place from Monday to Wednesday in Central America, officials with the Ministry of Economic Affairs said on Thursday.
Taiwan president Chen Shui-Bian said yesterday that negotiations with the Dominican Republic are advancing toward the signing of a Free Trade Agreement, in which both nations seek to establish a strategic economic and trade alliance that allows them to conquer the United States market.
The Taiwan government hopes to start negotiating with Singapore on a free trade agreement (FTA) within the next two years, the nation’s representative to Singapore Hu Wei-jen said yesterday.
A pro-Taiwan member of the US House of Representatives has proposed a resolution urging President George W. Bush to make the conclusion of a US-Taiwan free trade agreement (FTA) one of the top priorities of his administration.
Taiwan’s free trade agreement (FTA) negotiations with Nicaragua are expected to be finalized by the end of this year. In addition, Taiwan is scheduled to start FTA talks this year with El Salvador, Honduras, Costa Rica and the Dominican Republic.
A group of US congressmen have introduced legislation urging US President George W. Bush to give preference to Taiwan as his administration considers which countries to consider for potential free-trade agreements.
Over the past few years, East-Asian nations have signed many trade agreements and quickened the pace of economic integration. The exclusion of Taiwan from this process is a cause for concern.
The Legislative Yuan on Tuesday ratified the Taiwan-Guatemala free trade agreement (FTA), which will now take effect Jan. 1, 2006 as scheduled.
The Legislative Yuan yesterday ratified the ROC-Guatemala free trade agreement (FTA), which will take effect this Jan. 1 as scheduled.