Business groups in Taiwan and the United States have formed a coalition to facilitate negotiations for a bilateral trade agreement, its founding members said.
Taiwan is set to open an economic dialogue with the US, laying the groundwork for talks on a free trade agreement while the island unwinds cross-strait economic integration with Beijing.
Taiwan’s main opposition party began a push for a referendum to block the easing of restrictions on US pork imports, which if passed could threaten a long-mooted free trade deal with the US.
The United States will hold a new annual senior-level economic dialogue with Taiwan to strengthen bilateral economic ties, after Taiwan pledged last week it would open its market to previously banned categories of American pork and beef.
Some 200 pig farmers and workers staged a protest in front of the Yunlin County government building to oppose the central government’s decision to allow imports of US pork containing the controversial veterinary drug ractopamine.
Taiwan paved the way for an eventual free trade deal with the United States by announcing an easing of restrictions on the import of US beef and pork.
Taiwan will continue to work closely with the United States with the focus on establishing a constructive security relationship and beginning negotiations on a free trade agreement, said President Tsai Ing-wen.
A decade on from the signing of what amounts to a free trade agreement between Taiwan and China, the economic integration it was meant to accelerate remains a long way off.
One hundred and sixty-one members of the US House of Representatives sent a letter to US Trade Representative, urging him to open negotiations on a bilateral trade agreement with Taiwan.
Taiwan is expected to sign a new bilateral investment agreement with Vietnam in Taipei to reinforce protection for Taiwanese enterprises operating in the Southeast Asian country by establishing an intergovernmental mechanism to provide assistance and support.
Taiwanese President received a Dutch parliamentary and think-tank delegation, expressing the hope that it would help push for the signing of a bilateral investment agreement between Taiwan and the EU.
At the center of the intensifying rivalry are the Philippines and Taiwan, and the rest of other states in Southeast Asia, that will eventually face the tough choice between the US and China.
12 amendments to harmonise Taiwanese regulations with the CPTPP’s requirements have already been submitted to its local legislature to lay the groundwork for formally applying to join the trade bloc.
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.
El Salvador’s highest court temporarily suspended the cancellation of a free trade pact with Taiwan.
The US has long criticized Taiwan’s zero-tolerance policy regarding meat product imports and views Taiwan’s ractopamine ban as a trade barrier.
Taiwan and India signed a revised bilateral investment agreement