How can Taiwan enlarge its role in the process of Asia-Pacific economic integration

Da-Nien Liu

No 2019-07, AGI Working Paper Series from Asian Growth Research Institute

Abstract: The forming of regional alliances has become a trend, and the number of FTAs has grown exponentially in recent years. Regionalism has become a trend that has not only affected functions of the WTO, but also severely impacted global trade, investment, and even industrial division of labor. From Taiwan's point of view, the vogue for large-scale FTAs in the past few years has had a major impact on Taiwan, which is heavily dependent on foreign trade, is closely tied up with global supply chains, and it has been able to sign only a handful of FTAs. On this basis, this paper mainly analyzes how Taiwan can assume a greater role and make breakthroughs in the trend of regional economic integration. We will first summarize global trends and latest developments in regional economic integration. The second part is to describe Taiwan's participation in regional economic integration and the difficulties that were encountered. The third explains how Taiwan should make adjustments in its industry and system to increase opportunities for breakthrough in regional integration, and also increase Taiwan's importance in the Asia-Pacific's regional economy.

Keywords: Regional Economic Integration; Free Trade Agreement(FTA); Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP); O (search for similar items in EconPapers)
Date: 2019-05
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