EU-Taiwan Trade Enhancement: Implications for the Czech Economy
EU-Taiwan Trade Enhancement: Implications for the Czech Economy

Author(s): Alice Rezková, Vilém Semerák, Katarína Lokšová
Subject(s): Supranational / Global Economy, International relations/trade
Published by: AMO – Asociace pro mezinárodní otázky
Keywords: European Union; Taiwan; Free Trade Agreement; Global Europe strategy; cross-strait relations; economic integration; China; market access; non-tariff barriers; competitiveness
Summary/Abstract: Since the initiation of the Global Europe strategy, which set out a new agenda reflecting European strategic priorities in trade, the EU has launched Free Trade Agreement (FTA) negotiations with various Asian countries in an attempt to address barriers to EU exports. The removal of both tariff and non-tariff barriers in these so-called „new generation‟ agreements helps to open up new markets for European exporters and to increase European competitiveness. The recent finalization of the EU-Korea FTA demonstrates a good example of such FTA, in which the EU prioritizes a partner with a large and growing market with high initial protection. There are currently many other FTAs under negotiation with countries that fulfill one of these criteria. In this context, one can question as to why Taiwan is not on the list and whether it is because of certain geopolitical obstacles or because this Asian economic powerhouse is deemed as not fitting the set criteria.

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