The Ministry of Economic Affairs is working on a position paper to solicit support from the US for a free trade agreement (FTA) with Taiwan.
The Bureau of Foreign Trade said the position paper will make the case that the signing of an FTA between Taiwan and the US would be a win-win situation for both sides. Additionally, the US would be able to make inroads into East Asia from Taiwan.
The bureau will sponsor publicity campaigns in US cities this year in the hope that Congress, the media, think tanks and businesses there will understand the benefits of signing a FTA with Taiwan, and that the US will consider a FTA with Taiwan as a priority.
Taiwan has in recent years been promoting the signing of FTAs with its allies, and signed one with Panama last year. It expects to complete others with Nicaragua and Guatemala by August, and FTA consultations with Paraguay, the Dominican Republic and Honduras are also in progress.
The bureau's director-general Huang Chi-peng (
Economic Affairs Minister Ho Mei-yueh (