Release date: 2018-04-26 Source: TEST
Taiwan's economy remains export-oriented, and external trade plays an important role in Taiwan’s economic development. Hence, “linking up to the world and participating in global integrated activities” is the core of government’s external economic and trade policy.
In order to enhance Taiwan’s growth dynamics of external trade, the government actively promotes the signing of economic cooperation agreements with main trading partner countries. Among them, the Comprehensive Economic Cooperation Agreement (ECFA) entered on June 29, 2010 and put into effect on September 12, 2010 plays the key role in effectively opening the market in China and gaining the advantage of entering the Chinese market earlier than its competitors and attracting foreign investments in Taiwan. It will help Taiwan to serve as priority partners for foreign businesses when investing in China, to keep the foundations of the industrial supply chains in Taiwan and to increase the opportunities for Taiwanese businessmen to purchase from Taiwan and foster industrial competitiveness. With these benefits, Taiwan will be become the industrial and logistics center. In coordination with other economic cooperative agreements, Taiwan will be able to integrate with global economic and trade systems and internationalize its economic and trade investments.
- Related Links:
- Attachment downloads:
File name File size File format Revision date Download TEST 233K 2018-04-26 Download