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
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.
A free trade agreement (FTA) between the European Union (EU) and Taiwan could be sealed in about two years time, a visiting Member of the European Parliament (MEP) said Wednesday in Taiwan.
Taiwan and India should sign a free trade agreement (FTA) as soon as possible as a major way to boost bilateral ties, Taiwan’s representative to India, Philip Ong, said Wednesday.
A warning from a government trade council in Taiwan highlights concerns that the island has become increasingly isolated by the burgeoning network of free trade agreements connecting Asia and the rest of the world.
The nation should seek to improve its economic performance by encouraging local enterprises to enhance their research and development and marketing capabilities, and stepping up the signing of free-trade agreements (FTA) with major global trading nations, economists said yesterday.
The European Parliament unanimously adopted a resolution to “strongly support” the concluding of an economic cooperation agreement between Taiwan and the European Union (EU).