Taiwan’s Inevitable Internationalisation in 2024

Written by Zsuzsa Anna Ferenczy. In 2023, Taiwan continued to present itself as a democracy internationally through subnational diplomacy. As it elected a new president and a new parliament in the new year, this article anlayses how the dynamics of cross-Strait relations are driving the internationalisation of Taiwan. It is expected that the two sides are likely to drift further apart in the coming years and this will further strengthen Taiwan’s identity as a democracy.

US-Taiwan Trade Agreement: It is More of Politics than Economic

Written by Raian Hossain. Taiwan has severe military security concerns, and the island has over-trade and investment dependency towards the PRC, which raises the question of economic security. As of 2022, the PRC accounted for 25% of Taiwan’s exports and 20% of its imports, making Beijing still the largest trading partner of Taipei. However, Taiwan made significant progress in growing trade by 25% with the U.S. in 2021 and expanded its trade volume with New South Bound countries under President Tsai Ing-wen. After a year of negotiations aimed at diversifying trade and commerce, the U.S. and Taiwan signed the first part of the US-Taiwan Initiative on 21st Century Trade. Meanwhile, the second round of negotiations has already started.

Taiwan and Europe – Partners of choice, not obligation

Written by Zsuzsa Anna Ferenczy. In January 2024, Taiwan will elect a new president. Facing an existential threat from China, for Taiwan cooperation with the EU as a partner is essential to strengthen its democratic resilience. To expand the partnership however, a better understanding of the complex nature of the EU and developing a greater sense of clarity about what Taiwan wants will be indispensable. 

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