TRADE POLICY REVIEW:
Concluding remarks by the Chairperson
- Trade Policy Review: Chinese Taipei
The fifth Trade Policy Review of the Separate Customs Territory of Taiwan, Penghu, Kinmen and Matsu (Chinese Taipei) has offered us a good opportunity to deepen our understanding of recent developments in, and challenges to, its trade, economic, and investment policies. Since its previous Review in 2018, Chinese Taipei's initiatives to further integrate into the multilateral trading system have been greatly appreciated. The almost 400 advance written questions submitted by 18 Members and the 23 delegations that took the floor during the two days of the meeting underline the importance attached by Members to Chinese Taipei's trade and investment policies and practices.
I would like to thank the delegation of Chinese Taipei headed by Mr CHEN Chern‑Chyi, for its active participation in this exercise, our discussant Ambassador Raul CANO RICCIARDI of Paraguay for his insightful remarks, and all delegations that took the floor for their valuable contributions to this exercise.
During this Review, Members commended Chinese Taipei for its steady growth during and after the COVID-19 pandemic, which is partly due to its outward-oriented economy centred on manufacturing especially electronic components, and services. Members also commended Chinese Taipei for its participation in many global value chains.
Members highlighted the importance of Chinese Taipei as a trading and economic partner and showed interests in deepening their trade relations with Chinese Taipei. Several Members also highlighted Chinese Taipei's achievements on regional initiatives since the last Review in 2018.
Members commended Chinese Taipei for its notifications record and appreciated its active participation in the WTO discussions, and preparation for MC13, including on WTO reform; food security; and the JSIs on e-commerce, services domestic regulation, investment facilitation for development; and the Trade and Environmental Sustainability Structured Discussions (TESSD). In this regard, Members also appreciated the efficient role of the Chinese Taipei delegation to the WTO led by Dr Chang-Fa LO and commended its active participation in various WTO committees. Several Members encouraged Chinese Taipei to accept the Agreement on Fisheries Subsidies prior to or at MC13.
Members commended Chinese Taipei on its transitioning efforts to renewable energy sources and welcomed Chinese Taipei's Pathway to achieve its goal of net-zero emissions in 2050. Members also commended Chinese Taipei for its commitment to promote inclusive and sustainable development trade programmes to address climate change, demographic challenges, and the participation of SMEs in digital transformation.
Members appreciated Chinese Taipei for its initiatives to enhance farmers' welfare and improve infrastructure and boost competitiveness in the agriculture sector, as well as its commendable efforts to ensure food security. However, some Members expressed their concerns regarding market access and SPS restrictions on food products, and encouraged Chinese Taipei to further liberalize agricultural and fisheries products, which seem to have the highest tariff rates. They also expressed concern on areas such as import restrictions on certain products, local content requirements, overseas investors approval requirements, and entry measures on specific industries.
In conclusion, the delegation of Chinese Taipei has clearly demonstrated that it places a high value on the Trade Policy Review Mechanism and the multilateral trading system through its active engagement over this two-day meeting.
Finally, Members look forward to receiving answers to any outstanding and follow-up questions within the customary one month, at which time this Review will be concluded.