President Biden’s declaration during his trip to Asia last month that the United States would defend Taiwan has put the nature of the U.S. relationship with Taiwan back at the center of American foreign policy concerns. This development has fueled further discussion about how, apart from military involvement, the United States can best assist Taiwan….
Taiwan’s government has taken immediate steps to implement export controls and other measures to limit economic activity between Taiwan and Russia following the latter’s invasion of Ukraine. Within a day of Russia’s February 24 invasion of Ukraine, Taiwan’s Ministry of Foreign Affairs announced that it would join the U.S., EU countries, and other nations in…
By Dexter Murray Raising Interest Rates to Fight Inflation Taiwan’s Central Bank in late March raised its 2022 GDP growth forecast to 4.05%, up slightly from the 4.03% it predicted last December. The revision shows that despite slowing growth in Taiwan’s largest export markets and global uncertainty caused by the war in Ukraine, the Central Bank’s…
Upsurge in demand for products from the Baltic state came on the back of warming diplomatic relations. However, considerable obstacles to agri-food imports remain. What does Lithuania mean to Taiwan? Prior to 2021, perhaps only the presence of several of the country’s basketball players in the NBA. However, following donation in July and October last…
In a recent online panel hosted by the Carnegie Endowment for International Peace and joined by AmCham Taiwan President Andrew Wylegala, former Assistant U.S. Trade Representative Barbara Weisel put Taiwan’s chances of concluding a bilateral trade agreement (BTA) with the U.S. at “zero,” at least in the near term. Weisel noted that the appetite in…
Nicaragua Severs Ties with Taiwan Nicaragua ended official diplomatic relations with Taiwan in December, stating that it “recognizes that there is only one single China.” It was the eighth country to sever ties with Taiwan since 2016, leaving the island with only 14 diplomatic partners. The break in relations comes as the U.S. and countries…
Five years after its implementation, the Tsai government’s flagship policy initiative aimed at boosting engagement with South and Southeast Asian countries has delivered some encouraging economic results. But observers say that to fulfill the policy’s goal of developing more comprehensive relations, a greater focus on people-to-people ties is needed. Taiwan’s Executive Yuan reported this September…
Ending The Year on A High Note Taiwan has managed to buck its severest coronavirus outbreak, coming out relatively unscathed in 2021. As proof, the island’s exports have continued to soar, reaching another record monthly high of US$40.14 billion in October. Meanwhile, the Directorate General of Budgeting, Accounting and Statistics (DGBAS) in late November raised…
A weekly snapshot of Taiwan business news stories brought to you by CommonWealth and AmCham Taiwan’s TOPICS Taiwan Applies to Join Regional Trade Pact On September 22, the Executive Yuan announced that Taiwan had formally applied to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). Taiwan submitted its application documents to New Zealand,…
Taiwan’s Economic Recovery Uneven The Directorate-General of Budgeting, Accounting and Statistics (DGBAS) in early August revised its 2021 GDP growth forecast to 5.88%, up 0.42 percentage points from the one it made in June, as sustained global demand caused July exports to reach a record US$37.95 billion. Imports in July grew by 41% year-on-year to…
