In order to mitigate the impact of China’s economic coercion on the Taiwanese government and manufacturers, Taiwan has taken measures to reduce its economic dependence on China and Hong Kong. [...] Diversifying Markets to Reduce Taiwan’s Export Dependence on China According to import-export trade statistics from the Taiwan Ministry of Finance for July 2024, in terms of export trade structure, the share of Taiwan’s exports of capital goods, intermediate goods, and consumer goods from January to July of this year were 27.4%, 65.9%, and 6.3%, respectively. [...] The reason for Taiwan’s reduced export share to China and increased exports to the United States, apart from the international supply chain restructuring and the relocation of manufacturers to countries other than China, is the significant increase in Taiwanese investment returning home due to the U. [...] Under the competitive advantage of Taiwan’s ICT industry, the proportion of products under the ECFA early harvest list in Taiwan-China trade continues to decline, and Taiwan’s export share to China and Hong Kong has dropped from over 40% in the past to 30.9% in the cumulative period from January to July 2024. [...] According to statistics from the Ministry of Economic Affairs (MOEA), the results of these programs include investments of NT$2.3 trillion, the creation of 150,000 jobs, and the establishment of new production lines or technological R&D centers in Taiwan by companies returning from China.11 The MOEA has indicated that in the face of global economic uncertainty, the government will continue to impl.
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- Taiwan
Table of Contents
- Ming-Fang Tsai 1
- Abstract 1
- Keywords 1
- I. Introduction 2
- Table 1. Tools and Relevant Cases of Chinese Economic Coercion 3
- Figure 1. G7 Hiroshima Summit 2023 4
- II. Chinas Economic Coercion Against Taiwan 5
- Figure 2. Chinas Economic Coercion 6
- III. Taiwans Current Trade Situation and Response Measures Against Chinas Economic Coercion 8
- Table 2. The Proportion of Source Countries for Imported Threatening Goods 8
- Cross-Strait Economic Cooperation Framework 9
- Agreement 9
- 1. Diversifying Markets to Reduce Taiwans Export Dependence on China 9
- Table 3. Composition of Exports and Imports CY 2024 9
- Table 4. Exports by Principal Commodity 10
- Table 5. Trade with Major Trading Partners 11
- 2. Countering Chinas Economic Coercion by Attracting Businesses to Return 12
- Home 12
- IV. Conclusion 13
- Figure 3. Chinas Unfair Trade Leads to Economic Recession 14
- U.S.-Taiwan Initiative 15
