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
In August 2018, El Salvador followed the Dominican Republic and Panama in switching diplomatic allegiance from Taiwan to China. But in March 2019, president-elect, cast doubt over whether his government would maintain that status.
Given the difficult situation between Canada and China, commentators have suggested ways Canada could push back. Among them is a reassessment of our relations with Taiwan.
Taiwan government missed an opportunity to sign a FTA with Japan because failed to resolve the issue of the ban on food imports from Japanese regions hit by the 2011 Fukushima nuclear disaster.
With an eye on carving out a larger share of the Indian tech products and precision tools market, Taiwan is looking to fast-track discussions on a trade deal with India.
Taiwan and India signed a revised bilateral investment agreement
The foreign ministry said that most EU countries are supportive of an agreement with Taiwan.
Vice Premier Shih Jun-ji urged the European Union (EU) to start negotiations with Taiwan on a bilateral investment agreement (BIA) as soon as possible.
The European Parliament passed a resolution calling for the European Commission to start negotiations with Taiwan on a bilateral investment agreement.
Minister of Economic Affairs Shen Jong-chin has been pressing his Canadian counterpart on the issue of a bilateral foreign investment agreement.
A Taiwanese senior trade negotiator said Thursday that Taiwan hopes that talks under the Trade and Investment Framework Agreement (TIFA) with the United States will resume this year.