Global Insider: Taiwan’s Trade Policy

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Singapore and Taiwan may sign a free trade agreement, according to officials from both countries. In an e-mail interview, Sheridan Prasso, an Asia Society associate fellow, discusses the evolution of Taiwan’s trade policy. WPR: What has historically been Taiwan’s trade policy? Sheridan Prasso: For decades, Taiwan was able to sustain a high rate of growth by using its low-wage workforce to turn out consumer goods such as shoes and apparel, and electrical products such as clocks and calculators. Much of this was exported to markets in North America and Europe. “Made in Taiwan” was as ubiquitous in the 1960s-1980s as […]

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