Economic officials said Thursday that a free trade agreement (FTA) approved a day earlier between the United States and South Korea will have an impact on local companies to the tune of around US$11.84 billion per year. The Bureau of Foreign Trade (BOFT) said the U.S.-Korea pact will influence 34.1 percent of all Taiwan-made products exported to the U.S.
Taiwanese industries must prepare themselves for the impact of an upcoming free-trade agreement (FTA) between the US and South Korea, which might hurt local business opportunities in the US market, the Bureau of Foreign Trade (BOFT) said.
Taiwan and Japan signed their first investment accord, strengthening economic ties and stepping closer toward negotiating a free-trade deal.
A visiting high-ranking US official said Thursday that Taiwan’s ban on the importation of specific American beef products is a challenging issue that needs to be addressed before talks can resume over the Trade and Investment Framework Agreement (TIFA) between the two sides.
A free trade agreement between Taiwan and the United States is not realistic at the moment as there remain many barriers, a high-level U.S. official said Wednesday.
Former American Institute in Taiwan (AIT) director Stephen Young was skeptical of President Ma Ying-jeou’s (馬英九) position that signing the Economic Cooperation Framework Agreement (ECFA) would open the door for Taiwan to pursue free-trade agreements (FTA) with other partners, a US cable recently released by WikiLeaks showed.
Taiwan industrial companies have been reorganizing resources on both sides of the Strait to sharpen their competitive edge in the wake of tariff reductions that took effect earlier this year.
After negotiating with Singapore on economic partnership, Taiwan now studies similar talks with Indonesia to sign free trade agreement (FTA) to be member of the Association of Southeast Asian Nations (ASEAN).
The real barrier to the signing of a free trade agreement (FTA) between the U.S. and Taiwan is not China’s opposition, but American disinterest and Taiwanese protectionism, a research fellow of the Asian Studies Center at the Heritage Foundation said Wednesday.
L’Inde et l’Indonésie seraient prêts à considérer la possibilité de signer un accord de libre-échange avec Taiwan, a déclaré hier Shih Yen-shiang, le ministre de l’Economie.
Both India and Indonesia are considering possibility of signing free trade agreements (FTA) with Taiwan.
Taipei and Manila managed to reach various consensuses and sign two letters of intent during their just-concluded economic cooperation meetings in the Philippines, Taiwan’s economics minister said yesterday.
Free-Trade agreements with South Korea and Taiwan.
This is what the State-owned think tank Philippine Institute for Development Studies (PIDS) is urging the government to forge in order to help boost the local automotive industry.
Taiwan is in no hurry to lift the ban on a lean growth-enhancing agent, the cause of a major trade dispute with the US, as the international food standards setting body again failed to advance maximum residue limits (MRLs) for the additive, government officials said yesterday.
One year after the Economic Cooperation Framework Agreement was signed by Taipei and Beijing, Taiwan’s opposition Democratic Progressive Party has declared the ECFA "myth" busted, while the ruling Kuomintang continues to tout its many benefits.
The European Union should consider signing a free trade agreement with Taiwan as “the EU’s Asian regional economic strategy will not be complete without Taiwan,” said Chen Ming-shy, deputy director-general of the Bureau of Foreign Trade July 6.
In an effort to help domestic exporters counter the impact of the South Korea-U.S. free trade agreement, Taiwan’s Ministry of Economic Affairs has proposed to offer tax rebates for imported industrial raw materials and components/parts with average tariffs topping 4.3%.
Around 1,500 Taiwanese products are facing a growing threat from South Korean exports in the European market as a result of a comprehensive free trade agreement (FTA) between the European Union and South Korea, which took effect July 1, economic officials said Saturday.
Taiwan’s Democratic Progressive Party yesterday criticized the cross-strait Economic Cooperation Framework Agreement as “part fantasy,” saying it had failed to generate any substantial gains for Taiwan’s economy.
The government is seeking to reduce the potential impact of a South Korea-EU free-trade agreement (FTA) on local industries by boosting product differentiation and market expansion, Minister of Economic Affairs Shih Yen-shiang (施顏祥) said yesterday.