TT: In addition to FTAs and the "go south" policy, what suggestions do you have for the Taiwanese government to accomplish trade diversification?
Stokes: One policy would be to look to countries where the US will be making FTAs in the future. The US would like to do FTAs in central America, with Guatemala, with Honduras and with Costa Rica and so on. It seems to me that the Taiwan government could encourage investments in those countries, because you will get the benefits of free-trade treatment in the US. In addition, it will also stimulate trade with central America. It is a way to piggy-back on things that the US is doing and thrive from the dynamism of the US market in the event that an FTA with the US does not materialize.
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