Taiwan has proposed negotiating early tariff cuts with Indonesia before the two countries seal a free-trade deal in its latest attempt to avoid being marginalized from regional economic integration.
A feasibility study on a free-trade deal between Taiwan and Indonesia, as well as between Taiwan and India, “have almost been accomplished,” Vice Minister of Economic Affairs Bill Cho (卓士昭) said.
Tsai Yun-chung (蔡允中), head of the economic affairs division at the Taipei Economic and Trade Office in Indonesia, said that two think tanks from Taiwan and Indonesia completed the feasibility study at the end of last year.
Taiwan is now promoting the research results to the Indonesian government and firms, Tsai said.
Since it will take a long time to reach a free-trade deal, Taipei has suggested that the two nations first hold talks about cutting tariffs on some products that have competitors from other countries, he said.