How will a bilateral free trade agreement with the United States benefit Taiwan?
Taiwans economy is highly complementary to that of the United States. U.S. and Taiwan industries already cooperate intensively in many high tech areas, particularly in the information technology sector. The FTA will provide opportunities for broader economic cooperation in additional sectors, and to attract new areas of investment from the United States. The FTA would also encourage Taiwan to put additional economic reforms into place, making our economy more efficient overall. We think that the FTA will also help us integrate more effectively with the rest of East Asia, as FTAs with other trading partners in the region are likely to follow that with the United States…….
