 Taiwan's Asia Pacific economic strategies after the Economic Cooperation Framework AgreementJournal of the Asia Pacific Economy, 2013, vol. 18, issue 1, 98-114 Abstract: Taiwan has had discriminatory trade and investment policies towards China, severely limiting economic engagement across the Strait. Not having free and open trade with China, one of the largest and most important parts of the East Asian economy, has resulted in Taiwan's underperforming in attracting foreign direct investment, effectively cut Taiwan off from participating fully in East Asian production networks and prevented the deepening of its specialisation in the regional and international economy. The Economic Cooperation Framework Agreement is a watershed in cross-Strait relations and gives Taiwan the opportunity to integrate more fully into the East Asian economy. There is pressure now for Taiwan to pursue preferential trade deals with other countries. This is not the best way forward; rather, Taiwan should pursue a multilateral trade strategy and focus on domestic reforms that will bring larger economic gains, economic diversification and avoid the political risks to the cross-Strait relationship associated with preferential deals. Date: 2013 Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:taf:rjapxx:v:18:y:2013:i:1:p:98-114 Ordering information: This journal article can be ordered from DOI: 10.1080/13547860.2012.742668 Access Statistics for this article Journal of the Asia Pacific Economy is currently edited by Leong Liew More articles in Journal of the Asia Pacific Economy from Taylor & Francis Journals |
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