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See also:
The WTO report, along with a policy
statement by the Government, will be the basis for the Trade Policy
Review (TPR) by the Trade Policy Review Body of the WTO.
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Since its previous Trade Policy Review,
in 2006, Chinese Taipei has pursued further trade and investment liberalization,
mainly in the services sector, and is currently taking steps to restructure its
economy and trade by stimulating domestic consumption and investment. It is also
attempting to improve the investment climate in order to attract higher inward
direct investment.
The reports says that to strengthen international competitiveness and attract
inbound direct investment, Chinese Taipei would need to undertake further
structural reforms in order to improve the economy's flexibility in responding
to domestic and international challenges, including the improvement of
cross-strait economic relations, removal of remaining informal barriers to
investment, and adoption of international best practices.
It also says that a bilateral Economic Co-operation Framework Agreement (ECFA)
with China could considerably improve cross-strait relations, and is vital for
ensuring the competitiveness of domestic industries, further integrating Chinese
Taipei into the world economy and attracting inward investment.
The report, along with a policy statement by the Government of the Separate
Customs Territory of Taiwan, Penghu, Kinmen and Matsu, was the basis for its
second Trade Policy Review (TPR) by the Trade Policy Review Body (TPRB) of the
WTO on 5 and 7 of July 2010.
At this meeting, the Chair, Turkey's Ambassador, Mr. Bozkurt Aran declared that
“Chinese Taipei successfully concluded its second Review. Members
congratulated Chinese Taipei on its successful outward-oriented development
strategy, which had brought about economic growth and thus prosperity. They
praised Chinese Taipei for avoiding protectionist measures in response to the
recent economic downturn caused by the global financial crisis. Members
commended Chinese Taipei for responding appropriately by implementing fiscal and
monetary stimulus. They welcomed the economy's strong recovery already under way
in 2010”.
He also added that “Chinese Taipei remained heavily dependent on a few
manufactured exports and that this left it vulnerable to sharp contractions in
global demand, such as had occurred in 2008-09. Members were interested in
knowing how Chinese Taipei intends to diversify its economy and promote the
development of the services sector and high-tech manufacturing as the new
engines of economic growth. Members were also interested to hear from Chinese
Taipei of any plans it might have for further structural reforms aimed, for
example, at focussing more on domestic demand, stepping up privatization, and
improving the investment climate, so as to ensure sustained growth”.
The following documents are available in MS Word format.
Note
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Trade Policy Reviews are an exercise, mandated in the WTO agreements,
in which member countries’ trade and related policies are examined and
evaluated at regular intervals. Significant developments that may have
an impact on the global trading system are also monitored. For each
review, two documents are prepared: a policy statement by the
government of the member under review, and a detailed report written
independently by the WTO Secretariat. These two documents are then
discussed by the WTO’s full membership in the Trade Policy Review Body
(TPRB). These documents and the proceedings of the TPRB’s meetings are
published shortly afterwards.
Print
copies of previous TPR publications are available for sale from the
WTO Secretariat, Centre William Rappard, 154 rue de Lausanne, 1211
Genève 21 and through the
on-line
bookshop.
The
TPR publications are also available from our co-publisher Bernan Press, 4611-F Assembly Drive, Lanham, MD 20706-4391, United States.
Schedule of forthcoming reviews
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Coming soon...
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