Taiwan's Asia Pacific Economic Strategies Post-ECFA
AbstractUp to this point, Taiwan has had discriminatory trade and investment policies towards China, severely limiting economic engagement across the Straits. Not having free and open trade with China, one of the largest and most important parts of the East Asian economy, has resulted in Taiwan underperforming in attracting FDI, effectively cut Taiwan off from participating fully in the East Asian production networks and prevented the deepening of its specialisation in the regional and international economy. The Economic Cooperation Framework Agreement is a watershed in cross-Straits relations and gives Taiwan the opportunity to integrate more fully into the East Asian economy. There will be pressure now for Taiwan to pursue preferential trade deals with other countries. This would not seem a sensible way forward; rather Taiwan should pursue a multilateral trade strategy and focus on domestic reforms that will bring larger economic gains, economic diversification and avoid the political risks to the cross-Straits relationship associated with preferential deals.
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Bibliographic InfoPaper provided by East Asian Bureau of Economic Research in its series EABER Working Papers with number 22810.
Date of creation: Jan 2010
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trade policy; investment policy; FDI; Taiwan; Economic Cooperation Framework Agreement; East Asia;
Find related papers by JEL classification:
- F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
- F50 - International Economics - - International Relations and International Political Economy - - - General
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