Trade – Page 3 – Taiwan Insight

Taiwan’s Trade Dynamics in 2023: Challenges and Partners Shifting

14 February 2024 Yu-Chen

Written by Yun-Chieh Wang. In 2023, Taiwan’s international trade experienced a decline in growth because of global economic challenges, with a notable dependency on semiconductor exports. Despite this downturn, Taiwan’s trade gap widened positively, attributed to the reshoring of Taiwanese enterprises, and increasing foreign investment. Meanwhile, the Taiwanese government is actively diversifying its trade partners, reducing its reliance on China and forging ties with the U.S. and U.K. through trade agreements.

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

27 October 2023 Adrian Chiu

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-US Trade Initiative: A good start, but the beginning of a long road

25 October 2023 Adrian Chiu

Written by Chieh-Ting Yeh. In 2005, I understood the FTA to be an aspirational long-shot—something that we can press for but not something we should expect to see in the foreseeable future. Recent developments such as the 21st Century Trade Initiative are milestones for sure, but milestones to mark just the beginning of a long road for a true free trade agreement with the US, as well as meaningful participation in regional trade blocs.

The Prospect of a US-Taiwan BTA in an Era of Heightened Political Exchanges

23 October 2023 Adrian Chiu

Written by Brian Hioe. The US and Taiwan signed the first stage of the US-Taiwan Initiative on 21st Century Trade in June, paving the path for both to streamline customs and taxation procedures between both sides. The trade agreement will also boost economic cooperation regarding small-to-medium-sized enterprises, while implementing anti-corruption measures. Progress on the trade agreement has continued, with the second negotiating round of the agreement starting in August. In particular, an end to double taxation between the US and Taiwan is a concrete outcome that both sides may pursue, long a stumbling block for those that work and do business in both the US and Taiwan. As progress on the US-Taiwan Initiative on 21st Century Trade has continued, legislation to this effect has been introduced in the US Senate.

Truss or Sunak? Who is better for Taiwan?

2 September 2022 Adrian Chiu

Written by Ben Seal. In the previous general election, which took place in December 2019, just over forty million voters gave Boris Johnson a majority of eighty seats. This summer, after the resignation of Johnson, around 180,000 Conservative Party members are choosing who will be the UK’s next Prime Minister. Will they select Sunak or Truss? As the voting goes into the final days, polls suggest that Truss will be the most likely victor, but my piece attempts to examine how both contenders would affect the UK’s relationship with Taiwan.

Tension Across the Taiwan Strait: Perspectives, Concerns & Dynamics from South Asia

15 August 2022 Adrian Chiu

Written by Raian Hossain. This article looks into the reactions and concerns from Asian countries due to the complex triangular relationship of the US-China-Taiwan in the Taiwan Strait. While analysing the dynamics, it also unpacks whether this ongoing crisis would further shrink Taiwan’s space for engagements in the international space like trade, commerce, and people-to-people connectivity (not focused on diplomatic recognition). Therefore, this article takes the South Asian region as a case study to answer these two queries.

« 1 2 3 4 5 … 7 »