Attempts by China to pressure Taiwan economically continue, with China announcing the end of preferential tariffs for 134 products imported from Taiwan. These products include base oils used for lubricants, bicycles, and textiles produced in Taiwan...
Ahead of elections, China has threatened to end the Economic Cooperation Framework Agreement that dates from the time of the Ma administration. In particular, China claims that Taiwan is currently violating the terms of the agreement under the Tsai administration by continuing to maintain trade barriers on some Chinese goods, while also alleging that the Tsai administration has increased the number of Chinese goods blocked from entering Taiwan...
Concerns have been raised in Taiwan regarding Taiwan’s exclusion from the recently inked RCEP, a regional multilateral free trade pact linking fifteen economies. The deal was signed on Sunday at the biannual ASEAN Summit, which was held in Vietnam this year, though much of the summit proceedings took place online because of the ongoing COVID-19 pandemic...