Archive for the ‘Taiwan’ Category

Taiwan’s Export Orders Surge, Driven by Strong Demand for AI and Technology

International Trade and Export, News, Taiwan

November 20, 2024

Taiwan has once again exceeded expectations, with export orders rising 4.9% in October, totaling $55.45 billion. This marks the eighth consecutive month of growth, driven by strong global demand for high-tech products, particularly in artificial intelligence (AI) and semiconductor industries. The country’s export strength underscores its pivotal role in the global trade ecosystem, especially as […]

Taiwan Anticipates Stronger Q3 Economic Growth, Fueled by Domestic Consumption and Export Recovery

Economic Development, News, Taiwan

October 27, 2023

In a recent poll conducted by Reuters, economic experts have forecasted a notable uptick in Taiwan’s economic growth for the third quarter of the year. This optimistic outlook is primarily attributed to resilient domestic consumption and a tentative rebound in exports, marking a positive shift for Taiwan’s trade-dependent economy. According to the survey of […]

Canada and Taiwan Conclude Bilateral Investment Deal, Bolstering Economic Ties

Canada, International Trade, News, Taiwan

October 24, 2023

Canada and Taiwan have successfully concluded negotiations for a bilateral agreement aimed at enhancing foreign investment. Canadian Trade Minister Mary Ng and the Taiwanese government announced their commitment to ensuring the swift implementation of this accord. Taiwan, in its pursuit of greater diplomatic and moral support from major Western democracies, including Canada, faces increasing […]

Taiwan Seeks Australian Support for Inclusion in Pacific Trade Pact

Australia, News, Taiwan

September 26, 2023

During a meeting with a delegation of Australian lawmakers, Taiwan President Tsai Ing-wen called on Australia to back Taiwan’s bid to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). Both Taiwan and China applied to join the CPTPP in 2021, but China opposes Taiwan’s inclusion, citing Taiwan as its own territory. The CPTPP, […]

Canada Affirms Commitment to Deepen Trade Ties with Taiwan, Pursuing FIPA Agreement

Canada, International Trade, News, Taiwan

September 12, 2023

The International Trade Council acknowledges Canada’s unwavering commitment to strengthening trade relations with Taiwan, as expressed by Ed Jager, Director of Trade and Investment at the Taipei Canadian Trade Office. Mr. Jager’s remarks underscore Canada’s dedication to fostering economic collaboration and enhancing trade ties with Taiwan, reinforcing the belief that partnership and cooperation are vital […]

Taiwan Temporarily Opens Market for Egg and Egg Products to Address Shortage

Agricultural Trade, News, Taiwan

September 7, 2023

In a recent development aimed at alleviating a domestic egg shortage, Taiwan has temporarily opened its market to eggs and egg products from 12 countries, including Australia. This move is in response to supply constraints in Taiwan attributed to unpredictable weather, escalating feed costs, and recent outbreaks of avian influenza. The newly implemented market access […]

US-Taiwan Trade Agreement Enacted to Enhance Bilateral Economic Cooperation

International Trade Agreements, News, Taiwan, United States

August 9, 2023

The International Trade Council notes the official enactment of the US-Taiwan trade agreement following US President Joe Biden’s endorsement. This legislation represents the first agreement under the US-Taiwan Initiative on 21st Century Trade, signaling a collaborative approach to bilateral trade ties. The agreement’s primary features include: Streamlining of customs procedures. Measures against corruption. Support mechanisms […]

Taiwan and US Purportedly Working on Trade Deal

Bilateral Trade Relation, News, Taiwan, United States

May 31, 2022

International Trade Council (ITC) announced that the United States and Taiwan are working on a deal to boost economic cooperation, particularly in the areas of trade, agriculture, and supply chains. The move comes after Taiwan was excluded from the US President Joe Biden’s Indo-Pacific Economic Framework (IPEF). According to sources cited by Bloomberg, the proposed […]

International Trade Council Calls for Resolution in China-Taiwan Pineapple Dispute

China, News, Taiwan, Trade Relations

May 6, 2021

The International Trade Council (ITC) expresses concern over the recent ban imposed by China on Taiwanese pineapple imports, which has led to a significant economic dispute between the two countries. Taiwan, one of the largest producers of pineapples in the world, has been exporting almost all of its pineapples to China. The move by China […]

The International Trade Council is a global, peak-body, chamber of commerce that supports businesses and governments by providing resources, advocacy, and networking opportunities to promote international trade and foreign direct investment. It serves as a platform for organizations to collaborate, share knowledge, and navigate the complexities of global markets.