ISDS Case Map
Taiwan
Minister of Economic Affairs Shih Yen-shiang confirmed Tuesday that Taiwan and Japan have started negotiations on a bilateral investment guarantee agreement to step up economic exchanges between the two countries.
More information has come through recently regarding the specific goods and services that will likely be affected by the China-Taiwan Cross Straights Economic Cooperation Framework Agreement (ECFA) which was signed back on June 29 in Chongqing, China.
As hopes for free trade agreements with China and Japan fade, there is a push for Australia to start talks with Taiwan.
On Thursday, the Taiwan Economic News reported that Taiwan’s export growth in the second quarter of this year was the highest of “Asia’s Four Dragons.” With year-on-year export growth at 46.2 percent for the quarter, along with 12.5 percent overall economic growth and a 1.1 percent inflation rate, Taiwan’s economic recovery seems certain.
The economic cooperation framework agreement (ECFA) Taiwan signed with China in June is expected to spur interest among other countries in the region in forging free trade agreements (FTAs) with Taiwan, a former Japanese economics official said in an article published Thursday in the Nihon Keizai Shimbun, a Japanese daily.
A watchdog organization yesterday accused the Taiwanese government of overlooking human rights and environmental issues while developing closer economic ties with China.
Taiwan's Ministry of Economic Affairs decided Monday to make a virtue of necessity by granting a request by the opposition Democratic Progressive Party to make public the English version of Taiwan's economic cooperation framework agreement (ECFA) with China.
Whether possessing formal statehood or not, Taiwan like all other 152 members of the World Trade Organization has to elbow its way through foreign trade disputes. Sometimes it loses, sometimes it wins. But it has to abide by WTO regulations, one of which requires the reporting of trade agreements.
The signing of a historic trade pact between Taiwan and China was just the start of a wide range of economic and political tasks for the Taiwanese government to overcome and cautiously review, scholars said.
The proposed free trade (FTA) -like economic cooperation agreement with Singapore will not be a free lunch, but as long as Taiwan has the mettle to overhaul its economy, the deal could be a sumptuous feast.
