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Taiwan in FTA talks with three countries

Trade talks   Minister of Economic Affairs:

The government is in talks with three Asian nations about free-trade agreements (FTAs), Minister of Economic Affairs Lee Chih-kung said at a meeting of the Legislative Yuan’s Economics Committee in Taipei.

“I cannot specify the nations that are talking with Taiwan, but I can say that we are still working on new FTAs to reduce the obstacles for Taiwanese companies,” Lee said.

The nation is facing uncertain headwinds in foreign trade, as the US is likely to withdraw from the Trans-Pacific Partnership (TPP) when US president-elect Donald Trump takes office next month.

The nation might also be excluded from the China-led Regional Comprehensive Economic Partnership (RCEP), given the sour sentiment across the Taiwan Strait since President Tsai Ing-wen was sworn into office in May.

Lee said the government would still seek to join the TPP or the RCEP, and would work hard on FTAs, as well as bilateral or plurilateral agreements with other nations.


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