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兩岸經濟協議 (ECFA)對台灣產業及兩岸經貿關係的影響

Economic Cooperation Framework Agreement (ECFA) and

Its Impact on Taiwan Economy & Cross-Strait Economic Relations

組長：吳新華 Director ： Hsinhua Wu

駐洛杉磯台北經濟文化辦事處商務組Commercial Division, Taipei Economic and Cultural Office in Los Angeles

August 14, 2010

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Why Taiwan Needs ECFA

Questions asked about ECFA ： 1. Upgrade the competitiveness of Taiwan export

products ？　 2. Move Taiwan to join regional economic integration ？　 3. Support Taiwan to sign FTA with other nations?

　 4. Secure the rights of Taiwan businessmen ？　 5. Promote the foreign direct investment ？　 6. Assist famers to export agriculture & fishery

products to China ？

Answer is “YES”!!

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Preface

Both sides, based on basic principles of WTO and considered economic conditions of two sides, agree to gradually reduce or eliminate barriers of trade and investment.

Ch.1

General Principles

1. Goals

2. Cooperative measures

Ch. 2

Trade in Goods, Services & Investments

1. Trade in goods

2. Trade in services

3. Investment

Main Content of Agreement (1/2)

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Ch. 3

Economic Cooperation

IPR protection 、 financial cooperation 、 trade promotion 、 facilitation 、 custom cooperation and SME cooperation

Ch. 4

Early Harvest1. Early Harvest of trade in goods2. Early Harvest of trade in services

Ch. 5

Others

1. Exceptions2. Dispute settlement3. Arrangement for organizations4. Form of documents5. Appendix and following agreement6. Amendment7. Effect8. Termination

Main Content of Agreement (2/2)

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Annexes of ECFA

Early harvest list of goods

Temporary rules of origin applied to early harvest list of goods

Safeguard measures applied to early harvest list of goods

Early harvest list of services market

Definition of service providers applied to ‘early harvest list of services market

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Early Harvest of Manufacturing Industries

Amount Ratio in Early Harvest between China & Taiwan 1： 4.84 Item Ratio in Early Harvest between China & Taiwan 1： 2.02

List of Taiwan (China reduces tariff) List of China (Taiwan reduces tariff)

Major industries ItemsAmount

(US$ Million)

Major industries ItemsAmount

(US$ Million)

Petrochemical 88 5,944 Petrochemical 42 329

Textiles 136 1,588 Textiles 22 116

Machinery 107 1,143 Machinery 69 474

Transportation equipment

50 148Transportation equipment

17 409

Others 140 4,997 Others 117 1,530

Agriculture 18 16 N/A 　 0 0

Total 539 13,838 Total 267 2,858

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1. GDP Growth by 1.65-1.72% Export Growth by 5%Employment by 263,000 new jobs.

2. Building Taiwan into a global innovation

center and regional trade hub.

Impact on Domestic and Foreign Business

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1. United States ：

　 State Department : Deputy spokesman Gordon Duguid :the U.S. government is "encouraged“ by this “positive development”.

ECFA makes cross-strait relations over the past few decades has at all time healthy.

ECFA makes Taiwan more attractive to foreign investors. The United States is willing to strengthen economic cooperation with Taiwan by TIFA.

Perspectives by other nations about ECFA (1/3)

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2. Europe :

　 Dutch Ministry of Economic Affairs, Director General of Foreign Economic Relations, Van Schreven, and other officials are happy to see the two sides sign ECFA.

　 Financial Times: Expect Taiwan would sign FTA with the United States, Japan, the European Union.

3. Japan :

Economic News ： After ECFA, time for Japan to sign FTA with Taiwan seems matured. It is a revelation to the stagnant Japanese FTA strategy.

　 Sankei Shimbun: Japan and the United States should expedite the negotiation of FTA with Taiwan.

Perspectives by other nations about ECFA (2/3)

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4. Philippines ： Business News: Professor Edgardo Dagdag, Center for Asian Studie

s of University of the Philippines calls upon the Philippine government to sign FTA with Taiwan, to serve as a complementary for ASEAN free trade agreement

5. South Korea ： “South Korea International Trade Association,“ quoted from South Kor

ea News that Seoul and Beijing should speed up to sign FTA to offset "significant damage.“ caused by ECFA

6. Singapore ： It is a good development that the mainland China is willing to pragma

tically deal with Taiwan by signing ECFA.

7. India ： India Times: Taiwan hopes to sign ECFA to boost the economy. It will

also contribute to the signing of FTA with the United States, Japan and other countries.

Perspectives by other nations about ECFA (3/3)

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Future Development of Cross-Strait Economic Relations

(4)Integrate the complementary relationship of cross-strait industrial chain, Enhance the international competitiveness of industry

(3)Strengthen cross-strait economic and trade exchanges, strengthen the role of Taiwan in the international Trade

(2)Enhance export promotion and Strive for China domestic market

(1) Under the WTO framework, to promote contact with other countries to sign FTA, to participate in global economic integration

(5)Enhance investment, Taiwan a gateway to China

Prosper Economy Promote

Employment

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Strengthen Importance of U.S. – Taiwan Relations

U.S. is Taiwan 3rd largest export market ； Taiwan is U.S. 10th largest trade partner.

U.S. can use Taiwan as a “gateway” to access China’s growing market.

ECFA makes Taiwan more attractive to U.S. investors.

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Conclusion

ECFA draw the attention of the regional and global community to Taiwan and China’s new role in Asia pacific economy.

ECFA helps the two sides to complement each other to enhance competitiveness, and to bring well being to the people and achieve mutual beneficial goals.

As we prepare for the new era of ECFA, Taiwan still needs to focus on innovation, and adjusting industrial structure to build up a positive environment for business.

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ECFA official website : www.ecfa.org.tw

Commercial Division (洛杉磯商務組 ):Tel: 213-380-3644

Email: tecola4@pacbell.net