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Free trade agreements of Taiwan

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Taiwan has concluded free trade agreements (FTAs) and other agreements with a trade component with countries around the world and is negotiating with others.

Trade agreements in force

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No.[1] State Officially Signed Fully enforced Notes
1  Panama 21 August 2003 1 January 2004 Taiwan's first-ever FTA[2]
2  Guatemala 22 September 2005 1 July 2006 [3]
3  Nicaragua 16 June 2006 1 January 2008 Nicaragua unilaterally terminated the agreement in December 2021. Taiwan then suspended its operation of the agreement, effective 1 July 2022.[4]
4  El Salvador and  Honduras 7 May 2007 25 July 2008 [5]
5  China 26 January 2010 29 June 2010
Main article: Economic Cooperation Framework Agreement
[6]
6  New Zealand 10 July 2013 1 December 2013 [7]
7  Singapore 7 November 2013 19 April 2014 [8]
8  Paraguay 12 July 2017 28 February 2018 [9]
9  Eswatini 8 June 2018 27 December 2018 [10]
10  Belize 30 September 2020 25 January 2024 [11]
11  Marshall Islands October 2019 15 January 2025 [12]

Trade agreements under negotiation

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United States

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Main article: Taiwan-United States relations

A first agreement under the U.S.–Taiwan Initiative on 21st Century Trade, covering anti‑corruption, customs, trade facilitation, and SME support, entered into force on 10 December 2024. Ongoing discussions are addressing additional areas like labour, the environment, and agriculture, with the aim of ultimately establishing a full Free Trade Agreement—though such negotiations are currently. Recent talks in early 2025 focusing on tariffs have proceeded smoothly, with Taiwan signaling a push toward zero-tariff trade with the U.S.[13]

Canada

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Main article: Canada-Taiwan Relations

A Foreign Investment Promotion and Protection Agreement (FIPA) was signed in late 2023 and is progressing toward implementation.[14]

European Union

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Main article: Taiwan–European Union relations

Taiwan participates in the EU–Taiwan Trade and Investment Dialogue since 2022, and aims for a broader Bilateral Investment Agreement—though formal talks have yet to begin.[15]

United Kingdom

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Main article: Taiwan–United Kingdom relations

Taiwan also signed an Enhanced Trade Partnership (ETP) with the United Kingdom in November 2023, serving as a framework toward a possible FTA.[16]

Comprehensive and Progressive Agreement for Trans‑Pacific Partnership (CPTPP)

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Main article: Comprehensive and Progressive Agreement for Trans-Pacific Partnership § Taiwan

Taiwan applied for CPTPP membership in September 2021, and continues informal engagement as existing members review its accession.[17]

See also

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References

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  1. ^ "FTAs signed with trading partners". www.trade.gov.tw. Retrieved 4 June 2024.
  2. ^ "Free-trade agreement with Panama still valid: MOFA". Taipei Times. 11 May 2018. Retrieved 4 June 2025.
  3. ^ "Guatemala-Taiwan". Foreign Trade Information System. Retrieved 4 June 2025.
  4. ^ Lopez, Ismael (2 January 2024). "Free trade agreement between Nicaragua and China begins". Reuters. Retrieved 4 June 2025.
  5. ^ "Guatemala-Taiwan". Foreign Trade Information System. Retrieved 4 June 2025.
  6. ^ Chris Hogg (29 June 2010). "Taiwan and China sign landmark trade agreement". BBC News. Archived from the original on 10 July 2010. Retrieved 29 June 2010.
  7. ^ "Agreement between New Zealand and the Separate Customs Territory of Taiwan, Penghu, Kinmen, and Matsu on Economic Cooperation". New Zealand Treaties Online. Retrieved 4 June 2025.
  8. ^ "The Republic of China (Taiwan) and the Republic of Singapore sign an economic partnership agreement". Ministry of Foreign Affairs (Taiwan). 7 November 2013. Retrieved 4 June 2025.
  9. ^ "Taiwan, Paraguay cut tariffs as bilateral economic accord takes effect - Focus Taiwan". focustaiwan.tw (in Chinese). 27 February 2018. Retrieved 13 April 2021.
  10. ^ "Taiwan-Eswatini Economic Cooperation Agreement takes effect from 27 December 2018". International Trade Administration. 28 December 2018. Retrieved 4 June 2025.
  11. ^ "Belize - Taiwan". Foreign Trade Information System. Retrieved 4 June 2025.
  12. ^ "Taiwan, Marshall Islands sign mutual law assistance pact". TaiwanToday. 15 May 2025. Retrieved 4 June 2025.
  13. ^ "First agreement under Taiwan-US trade initiative to come into force". Reuters. 10 December 2024. Retrieved 4 June 2025.
  14. ^ "Taiwan and Canada signed the Foreign Investment Promotion and Protection Agreement (FIPA)". Taipei Economic and Cultural Office in Canada. 4 January 2024. Retrieved 4 June 2025.
  15. ^ Lau, Stuart (17 January 2024). "Taiwan eyes fresh trade pact with EU". Politico. Retrieved 4 June 2025.
  16. ^ "UK and Taiwan Enhanced Trade Partnership arrangement". Government of the United Kingdom. 14 November 2023. Retrieved 4 June 2025.
  17. ^ "China's CPTPP bid to block Taiwan's application: MOFA - Focus Taiwan" (in Chinese). Focus Taiwan. 15 April 2025. Retrieved 4 June 2025.
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