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"Market Diversification and Global Deployment" Trade Policy

With the rise of globalization and regional trading blocs, Taiwan's integration with the global economy is becoming increasingly important. We must also respond effectively to the rise of China's market and develop Taiwan as an Asian logistics hub.

1.Participating in international affairs to enhance Taiwan's position.
In 2002, Taiwan officially became a member of the World Trade Organization (WTO). We have worked with other Members in the new round of talks to set international economic and trade rules, and have represented our economic and trade rights and interests. In addition, through active participation in APEC, the OECD and other international organizations, we have sought to enhance our economic and trade position. We have, moreover, established an "APEC Digital Development Center", and our digitalization ability has been broadly affirmed by the international community.

2.Promoting FTAs to expand economic and trade networks.
In order to preserve Taiwan's economic and trade interests at a time when many countries are signing free trade agreements (FTAs), the government has designated the signing of FTAs as one of its main priorities. Taiwan signed its first FTA, with Panama, in January 2004. Since then, trade between the two sides has soared. In August 2004, Taiwan also signed a Close Strategic Economic Partnership (CSEP) framework with Paraguay and drafted a FTA consultation framework document with Nicaragua, marking major strides in expanding our nation's economic and trade network.

3.Strengthening bilateral economic and trade relations; eliminating barriers to trade with Taiwan.
In order to keep abreast of developments in the economic and trade policies and markets of Taiwan's trading partners, the MOEA holds regular bilateral economic and trade meetings with the U.S., Japan, South Korea, New Zealand, Australia, Russia, the European Union, Southeast Asian nations, and Central American Common Market nations. Such meetings provide forums for negotiations aimed at removing obstacles to Taiwan's trade with these partners.

4.Promoting global deployment; diversifing foreign markets.
The MOEA is currently assessing regions with potential for high-growth, countries that enjoy preferential treatment, and possible FTA partners to help local enterprises globalize their operations and promote investment and trade growth. In addition to assisting enterprises establish industrial clusters to enhance their competititve advantage, the government is also trying to obtain advantageous conditions for building a supply chain between local and foreign companies Taiwan's supplier relations with buyers in other countries.

5.Encourage major overseas enterprises to set up their operation headquarters in Taiwan, strengthening Taiwan's logistics niche.
In order to further enhance Taiwan's advantages, the government has reinforced software and hardware infrastructure for Taiwan's industry. At present, there are 210 enterprises setting up their operation headquarters in Taiwan. It is estimated that by 2011, there will be 1000 enterprises setting up their operation headquarters in Taiwan, creating 400 thousand employment opportunities.

Update: 2017-08-17
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Update: 2017-11-23 MNS1