Taiwan must begin as soon as possible to discuss with other countries its desire to forge free trade agreements (FTAs) with them, Premier Sean Chen said Saturday.
Taiwanese President Ma Ying-jeou yesterday said the government will complete negotiations on the cross-strait Economic Cooperation Framework Agreement (ECFA) with China in the next two years, as well as deepen economic and trade relations with other countries to raise the nation’s economic competitiveness.
Foreign Affairs Minister Timothy Yang said Friday that the U.S. beef dispute not only involves beef but is also related to how the country shows its resolve to liberalize trade and strengthen its competitive edge.
The news this week that the South Korea-U.S. free trade agreement came into force sent jitters through the ranks of Taiwan exporters. It is no secret that the island’s businesses have been doing it tough recently, and the last thing needed was more pain in sectors where they have been fighting hard to remain competitive.
President Ma Ying-jeou (馬英九) yesterday said he was concerned about the nation’s economic development after a free-trade agreement (FTA) between South Korea and the US came into force last week, adding that the government’s plan to partially lift a ban on US beef imports would help facilitate trade relations with other countries.
Taiwanese officials on Wednesday said they would recommend a conditional lifting of restrictions against U.S. beef that contains a “safe level” of ractopamine, a meat-leanness enhancer used by U.S. cattle raisers, to the legislature.
Local experts in hygiene and veterinary medicine have urged the US to squarely face the challenges posed by the scientific evidence on which it has based its contention that US beef containing the lean meat-enhancing feed additive ractopamine is safe for human consumption, before it presses Taiwan to handle the issue scientifically.
Some 20,000 pig farmers will take to the streets of Taipei on March 8 to protest against any move to lift the bans on imports of US beef that contain residues of feed additive ractopamine
A Singaporean academic suggested Sunday that Taiwan follow Singapore’s approach to a sticky controversy with the United States over a chewing gum ban as it grapples with a dispute over imports of US beef.
Premier Sean Chen rebutted Friday speculations that the free trade talks between Taiwan and Singapore have been delayed, saying they are in progress.
Four major hypermarkets in Taiwan have been making efforts to reassure consumers about the safety of their beef products, amid speculations that Taiwan may be preparing to lift its ban on US beef imports that contain residues of the feed additive ractopamine in order to facilitate trade talks
An association of hog growers threatened Friday to mobilize its members in protest outside the Presidential Office if the government buckles under pressure and allows the entry of US beef imports containing a banned leanness-enhancing drug.
The Economic Cooperation Framework Agreement (ECFA) signed between Taiwan and China has received positive feedback from the international community and has helped advance the country’s international image and development, said a Mainland Affairs Council (MAC) official Thursday.
Fast-tracking free trade agreement negotiations with Taiwan’s major partners will be a top priority for the Ministry of Economic Affairs, MOEA Minister Shih Yen-shiang said Feb. 1.
US President Barack Obama’s promotion of the Trans-Pacific Partnership multilateral free trade agreement, put forward in November at the Asia-Pacific Economic Cooperation meeting in Hawaii, is seen as a strategic tool to drive a wedge between the US and its Asia-Pacific friends on one side and China on the other.
Highlighting its determination to enhance trade ties with foreign partners, the Ministry of Economic Affairs yesterday announced that Taiwan and Israel had reached a consensus over the establishment of a working group to study the feasibility of signing a free-trade agreement (FTA) by 2013.
Taiwan and New Zealand are taking the next step in their efforts to sign a bilateral economic cooperation agreement (ECA), moving now to a second feasibility study
The legislature yesterday approved an amendment to the appendix of the Taiwan-Panama free-trade agreement (FTA) allowing Panama to take full control of quota-setting and granting zero-tariff status to all in-quota sugar exports to Taiwan.
The Japanese Chamber of Commerce and Industry in Taipei (JCCI) urged Taiwan Friday to sign free trade agreements (FTAs) with more countries to enhance its investment competitiveness. "Taiwan tends to highly rely on China," Kyota Kishimoto, JCCI’s chairman, told reporters after a press conference to present an annual position paper to the Cabinet-level Council for Economic Planning and Development (CEPD).
Taiwan’s private sector needs to pull its weight if government policies aimed at offsetting the impact of the U.S.-South Korea free trade agreement are to succeed, Economic Affairs Minister Shih Yen-shiang said.