Taiwan’s economic relationship with China 結果共4筆

President Tsai Ing-wen meets bipartisan U.S. delegation led by Jack Bergman to counter China’s regional aggression. Discussions focus on Taiwan’s self-defense commitment, bilateral exchanges, and economic cooperation with the U.S. Bergman emphasizes Taiwan’s strategic importance in the Indo-Pacific region.

The upcoming Taiwan presidential election is expected to have a significant impact on the country’s economic growth, according to a research report by France’s Natixis Corporate and Investment Banking company. The report suggests that regardless of the election outcome, Taiwan is poised for economic growth, with the consumer and tech industries leading the way. The research predicts that economic growth could increase from 1.2% in 2023 to 2.9% in 2024. While candidates share similar social and labor policies, the report highlights the major differences in their positions on industrial and energy areas, as well as Taiwan’s economic relationship with China. The report also mentions the potential role of Taiwan People’s Party (TPP) candidate Ko Wen-je in triggering legislative instability. The incumbent Democratic Progressive Party (DPP), leading in polls, is expected to continue pushing for diversified trade and investment policies, shifting focus from China to the U.S. and other Asian regions. However, achieving these targets may be challenging as Taiwan has missed out on regional trade and economic agreements such as RCEP, CPTTP, and the U.S.-led IPEF. If the Kuomintang (KMT) wins the election, they might seek closer trade and investment links with China by expanding the Economic Cooperation Framework Agreement (ECFA), according to Natixis.

President Tsai Ing-wen criticizes China’s one-sided trade barriers and emphasizes that bilateral trade relations should not be used as a political tool in her New Year’s address. The tariff preference for certain products under the Economic Cooperation Framework Agreement (ECFA) has been suspended as of Jan. 1, 2024. Tsai notes China’s intervention in elections and expresses confidence in the people of Taiwan to make wise decisions. She argues that Taiwan’s industries already have global exposure and are gradually reducing reliance on China. Tsai believes that while the economic benefits of the ECFA are limited, diversifying risks and global positioning are important for Taiwan’s industries. She highlights that China often imposes unilateral trade barriers on other countries for political reasons, citing examples of punitive tariffs and import bans on Lithuania and Australia due to their friendly relationship with Taiwan and criticism of China’s human rights policy in Xinjiang.

Taiwan’s Minister of Foreign Affairs, Joseph Wu, delivered a speech at Riga Stradins University in Latvia, clarifying Taiwan’s position amid tensions with China. Despite enduring military intimidation, diplomatic isolation, and economic threats from China, Taiwan remains committed to achieving peace through open conversation while being pragmatic and prepared for potential risks. Wu praised the diplomatic relationship between Taiwan and Latvia, as both countries share similar paths to democracy and the establishment of sovereign statehood. However, both countries face unprecedented security challenges, with a standoff between democracy and autocracy driving the current international conflict. Wu emphasized that established democracies cannot ignore the expansion of authoritarianism, which seeks to undermine the rules-based international order. In light of President Tsai’s decision to restore one-year military service, Wu stressed the importance of being armed to protect Taiwan’s freedom, as the cost of losing it is unbearable for a democratic society.