Taiwan made headlines this August for a Q2 growth rate of 2.41%, propelling it well ahead of the other three Asian Tigers for the first half. This increase is at least partially attributable to the reshoring of a number of Taiwanese businesses from China, encouraged by government incentives and the ongoing trade war between China…
The AmCham Taipei CEO Mission that visited Washington, D.C., this June found growing interest among American government officials in seeking ways to strengthen bilateral relations with Taiwan. As reported in this issue of TOPICS, there now appears to be greater understanding and appreciation in Washington of Taiwan’s strategic value in the Indo-Pacific as a staunch…
Tech firms are repatriating from tariff-hit China, boosting the local economy. But can Taiwan secure a long-term position in global supply chains? For years, it was a foregone conclusion that Taiwan’s tech hardware sector would concentrate production in China. Starting in the 1990s, local contract electronics manufacturers began moving capacity across the Taiwan Strait. They…
Trade War Sends Q2 to Sluggish Start Normally June is a peak season for exports of electronics items, the bulwark of the Taiwan economy. But the value of export orders received in June fell by 4.5% from the level of the same month last year to come to US$38.5 billion, the eighth straight month to…
Momentum Slows Two key institutions in April trimmed their forecasts for Taiwan’s GDP growth in 2019, citing falling exports as global demand for consumer electronics slumped amid a prolonged U.S.-China trade war. Standard Chartered Bank cut an earlier GDP forecast of 2.5% to 2.1%, with its chief Taiwan-based economist saying that the first quarter’s 4.2%…
The absence of diplomatic ties hasn’t deterred the establishment of collaboration in a host of different fields. During this commemoration year for the Taiwan Relations Act, Taiwan and the U.S. can take satisfaction from knowing that 40 years and the loss of formal diplomatic relations haven’t dimmed the deep-seated friendship and widespread cooperation between them….
The biggest concern for Taiwan is that the body’s dispute-resolution mechanism may be weakened or unable to function. U.S. President Donald Trump has made no secret of his disdain for the World Trade Organization (WTO) and the way it regulates trade among its 164 members. Trump has even threatened to withdraw the United States from…
In September 2018, Taiwan went through its quadrennial WTO Trade Policy Review (TPR). In this round, Taiwan not only received positive comments from the TPR members but voluntarily committed to becoming a “developed member” of the WTO, indicating that Taiwan is ready to better connect with the global market and improve the ease of doing…
2019 Off to Slow Start Central banks throughout the world have been in a holding pattern amid a global economic slowdown and a protracted, bitter trade war between the U.S. and China. The U.S. Federal Reserve in late March announced that it will not increase rates during 2019. The Bank of England is unlikely to…
Growth Forecasts Cut “The economy is losing steam, but is not in a recessionary state,” Minister Chu Tzer-ming of the Directorate General of Budget, Accounting and Statistics told a mid-February news conference. He reported that DGBAS is now forecasting GDP growth for Taiwan of 2.27% this year, down from the 2.41% it was predicting last…
