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 and the Philippines sign a new bilateral investment agreement in Makati.
Agreement was reached during the meeting on several proposals, including the increase of sugar import quotas from Nicaragua to 60,000 metric tons a year, the statement said.
Taiwan will continue its efforts to forge an economic partnership agreement (EPA) with Japan.
Taiwan is seeking a Free Trade Agreement (FTA)-like bilateral agreement with India to boost trade and investments even as its companies are looking to relocate some of their manufacturing facilities from mainland China to India and Southeast Asia.
Japan has refused to resume discussions on an economic partnership agreement (EPA) with Taiwan until it lifts a ban on food imports from radiation-affected areas of Japan.
Taiwan will seek the support of the United States for signing bilateral and multilateral investment and free trade agreements, the Taiwanese President has said.
Taiwan has urged the European Union (EU) to sign a bilateral investment agreement as soon as possible in order to create a better investment climate for businesses.
The new law will require the labor ministry to offer ‘appropriate supporting aids’ to people working in negatively impacted industries and companies.
Vietnam has agreed to start talks on a new Taiwan-Vietnam Bilateral Investment Agreement to provide more protection for Taiwanese businessmen investing in the Southeast Asian country.