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
Semiconductor-powerhouse Taiwan held high-level trade talks with the European Union.
The European Union will upgrade its trade and investment relations with Taiwan, as it looks to tap into Taipei’s “role as a hi-tech leader”, having earlier ditched the plan to avoid angering China.
Taiwan and Canada have agreed to start talks on an investment protection agreement, both governments said on Monday, part of the Chinese-claimed island’s efforts to boost ties with fellow democracies in the face of growing pressure from Beijing.
Taiwan hopes to update 1994 investment agreement.
The Taiwanese government hopes the result will bolster its case to join the CPTPP and remove a stumbling block for a free trade deal with the United States.
Nicaragua’s parliament on Tuesday repealed the free trade agreement (FTA) signed in December 2006 with Taiwan, after last week severing diplomatic ties with the island in favor of Beijing.
European Parliament’s committee President said that he would continue to push for closer ties between the EU and Taiwan, and advocate for a bilateral investment agreement.
Lawmakers are concerned about the consequences for Taiwan’s bid to join the CPTPP if people vote to ban the import of pork products containing ractopamine residue in a referendum on Dec. 18.
The European Union must deepen ties with Taiwan and start work on an investment deal with the island, EU lawmakers said in a resolution adopted, angering Beijing, whose similar deal with the EU struck in 2020 has been put on ice.
President Tsai Ing-wen (蔡英文) has called on the European Union (EU) to establish a bilateral investment agreement (BIA) with Taiwan because of the role it can play as a democratic and economic partner.