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
ROC President Ma Ying-jeou said July 16 that the recently concluded Agreement between New Zealand and the Separate Customs Territory of Taiwan, Penghu, Kinmen and Matsu on Economic Cooperation (ANZTEC) will further boost bilateral trade and strengthen the nation’s regional economic integration prospects.
Vice Economic Affairs Minister Cho Shih-chao agreed Monday with suggestions that a set of standard operating procedures be established in negotiating free trade agreements (FTAs) to strike a balance between confidentiality and open information.
President Ma Ying-jeou yesterday reiterated the administration’s hope to join the Trans-Pacific Partnership (TPP) and the Regional Comprehensive Economic Partnership (RCEP), in order to allow Taiwan to effectively take part in regional economic integration.
President Ma Ying-jeou has said that his administration has been working toward signing free trade deals with the United States and the European Union, a development that sock manufacturers in Changhua County are eager to see.
The island known for moving big batches of electronics to world markets is struggling to keep a toehold in Asia politically and economically against rivals that make the same stuff and have more trade deals, writes the business magazine Forbes
Taiwan wants to take part in a proposed regional trade agreement but is still assessing the mode of participation and its impact on industry, an official of the Ministry of Economic Affairs said Saturday.
Taiwan will use Mexico and Turkey as gateways to stepping up trade with the United States and the European Union, so as to reduce the impact of the free trade agreements (FTAs) between South Korea and the two major economies, according to the country’s main trade promotion body.
Talks on a Taiwan-Singapore free trade agreement "have nearly concluded" and are expected to yield a result in the first half of 2013, Taiwanese officials said Monday.
Taiwan should deepen trade talks with China and work to sign a free trade agreement (FTA) with South Korea to race against the upcoming China-Japan-South Korea FTA negotiations, an expert on East Asia said Thursday.
Taiwan should focus on joining the Regional Comprehensive Economic Partnership (RCEP), instead of the Trans-Pacific Partnership Agreement (TPP), local scholars said Friday.