US Taiwan Free Trade Agreement
U.S.-Taiwan Initiative for 21st Century Trade
U.S., Taiwan Strengthen Ties at Inaugural Trade Meeting in Washington
CalChamber, June 28, 2022
United States and Taiwan Hold Inaugural Meeting of the U.S.-Taiwan Initiative on 21st-Century Trade
U.S. Trade Representative, June 27, 2022
U.S.-Taiwan Free Trade Agreement
The Ministry of Economic Affairs of Taiwan has prepared a position paper document (see below) to promote the signing of a free trade agreement with the United States, involving R&D, cooperation and technology transfer. A study conducted by the U.S. International Trade Commission in October, 2002 concluded that a U.S. Taiwan FTA would substantially benefit U.S. exports of motor vehicles, rice, fish and other food, but would have a small impact on the U.S. economy overall. China has recently overtaken the United States as Taiwan’s largest export market.
“Shortly after the USMCA vote, a bipartisan group of 161 lawmakers sent Lighthizer a letter urging him to work toward starting negotiations with Taiwan. Reps. Steve Chabot (R-Ohio), Albio Sires (D-N.J.), Mario Diaz-Balart (R-Fla.), and Gerry Connolly (D-Va.) led the effort. There was no immediate USTR response.” (Politico)
For more information on current trade with Taiwan, click here.
US Trade Talks a Boon for Taiwan
Taipei Times, September 7, 2020
There’s No Better Time for Taiwan to Seal a Trade Deal with the US and Bolster its Economy
South China Morning Post, September 4, 2020
Taiwan and US Move Closer to Bilateral Trade Agreement
Nikkei Asian Review, September 1, 2020
Taiwan’s Removal of Restrictions on U.S. Exports of Beef and Pork
U.S. Trade Representative, August 28, 2020
Taiwan-US Pact Would Set Stage for Post-Virus Economy
OA Online, August 23, 2020
Taiwan to Seek Closer Security Ties, Trade Agreement with U.S.: Tsai
Focus Taiwan, August 13, 2020
Taiwan Seeks to Start Free-Trade Talks With U.S.
The Wall Street Journal, August 12, 2020
Trade, Security Among Top Priorities for New Taiwan Envoy to U.S.
Focus Taiwan, August 4, 2020
Trading Partner Portal
- http://export.gov/FTA/index.asp (U.S. government informational website)
- Turning Friendship into Partnership – A Proposed Free Trade Agreement Between Taiwan and the United States – 5/2005