Trade – Page 7 – Taiwan Insight

A Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP): A Game of Go? Or Three-dimensional Chess?

22 June 2022

Written by Chun-Yi Lee and Michael Reilly. The CPTPP is an ambitious, wide-ranging free trade agreement (FTA) signed between Australia, Brunei Darussalam, Canada, Chile, Japan, Malaysia, Mexico, Peru, New Zealand, Singapore, and Vietnam in March 2018. The CPTPP was originally named as the Trans-Pacific Partnership and comprised twelve members. However, after the Trump administration withdrew the USA from it in 2017, the remaining eleven countries reorganised and renamed it. After leaving the EU, the UK applied to join in February 2021, followed by China and Taiwan in September. South Korea has been considering joining but has yet to do so. Countries seeking to join the bloc must negotiate tariffs and other market access conditions with each of the eleven original members.

Semiconductor Competition: Opportunities for Taiwan

20 May 2022

Written by Adhiraaj Anand. The Biden administration has put aside billions of dollars to improve semiconductor manufacturing capabilities in the US, whose global output fell from 37% in 1990 to 12% in 2020. Additionally, the EU Chips Act, proposed in 2022, seeks to make Europe a leader in semiconductor technology and maintain a secure supply of chips by increasing the continent’s market share in the semiconductor industry to 20% by 2030. Japan has similarly unveiled a strategy to promote indigenous semiconductor manufacturing to achieve a 40% global market share in next-generation power semiconductors, which are to be used in emerging technologies such as electric vehicles, by the end of the decade.

Salivating Sales: Ethnic Chinese Malaysians and the Edible Bird’s Nest Industry.

10 March 2022

Written by Yu-an Kuo 郭育安, translated by Sam Robbins. Despite being a common food in Taiwan, Taiwan’s climate makes it unsuitable for cultivating edible birds nest. Consumption of edible birds nest in Taiwan can be traced back over 200 years, but this consumption has always relied on imports. The product’s history in Taiwan is tied to the history of Dihua street in Taipei, which developed towards the end of the Qing dynasty. This street became a main sight for the selling of exported “Chinese goods” (華貨）in Taiwan, including Ginseng, Jujubees, louts seeds and shark fins. Official statistics suggest that Taiwan currently imports over 10 tonnes over birds nest each year, with over 90% being imported from Indonesia. However, this number is likely unreliable since the illegal smuggling of birds nest remains a constant problem in Taiwan.

Taiwan and the Pandemic: Impact on Businesses and the Economy

15 July 2021 Editor

Written by Lotta Danielsson. For the first year of the COVID-19 pandemic, Taiwan served as a brilliant example of how best to handle the crisis. Leaning on its experiences during the 2003 SARS epidemic, Taiwan received glowing reviews for its protective measures. Stories about long stays in quarantine hotels and the vigilant surveillance of arriving travellers spread widely online. Donations of high-quality protective gear served as public relations opportunities, culminating with “Made in Taiwan” facemasks worn at the White House. Photos from a crowded live concert in Taipei elicited envy from those still in semi-lockdown elsewhere.

Taiwan’s Economy: GDP Growth is a Bright Spot for Now

6 July 2021 Editor

Written by John F. Copper. The recent economic news emanating from Taiwan is the impressive growth in its gross domestic product (GDP)—one of the basic indicators of economic vitality. This is certainly good to hear. After experiencing negative growth throughout most of 2020, conditions changed in the last quarter of the year. As a result, Taiwan even bested China’s GDP growth. Furthermore, the upward trend accelerated this year, with GDP expansion the highest in two decades. If this growth is sustained, 2021 will end with a welcomed 5 per cent or better rise.

The Future of Taiwanese industries’ Supply Chain Reallocations Under Covid-19

16 March 2021 Editor

Written by Chun-Chien Kuo. By adding fire to the existing US-China Trade War, Covid-19 has accelerated the current economic adjustment pace, along with the need for supply chain reallocation in industries. Thus, industries and firms in Taiwan have responded to adjust their production of diverse parts and components. They have also attempted to establish their own sufficient domestic supply chains. New trends in supply chain reallocation have also emerged, such as localised supply chains, shorten supply chains and digitalisation under the Covid-19 threat.

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