MOEA: One more FTA likely coming in 2014

MOEA: One more FTA likely coming in 2014

Year 2013 is a prosperous year with two important bilateral free trade agreements signed by Taiwan government: the ANZTEC with New Zealand followed by the ASTEP with Singapore. In 2014, Taiwan is likely to ink one more free trade agreement (FTA) with a country, said Minister of Economic Affairs Chang Chia-Juch Thursday.

Chang said Taiwan aims to sign more than one FTAs with trading partners but avoided to pinpoint which country to tie the knot with. Indonesia, India, Philippines, and Chile are rumored to be the next FTA partner country.

Chang Chun-fu, director general of Bureau of Foreign Trade, said that both China-led Regional Comprehensive Economic Partnership (RCEP) and U.S.-led Trans-Pacific Partnership (TPP) trade blocs are of great importance to the country. However, RCEP weighs more than TPP for the time being, as China market accounts for 27 percent of Taiwan's total trade, he added.

Updated : 2021-04-13 04:20 GMT+08:00