BriefingAsia-Pacific

South Korea’s Trade Deals Threaten Taiwan With Isolation

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Taiwanese exporters are anticipating the arrival of July 1 with some anxiety. On that day, the free trade agreement (FTA) between the European Union and South Korea, Taiwan’s archrival in trade, will come into effect. As 70-75 percent of Taiwan’s exports to the EU overlap with those from South Korea, and as Brussels is set to lift import tariffs on 93.9 percent of Korean products within the deal’s first year, it is all but certain that Taiwanese products will suffer in the European market. But the export-dependent island’s plight does not end there. In terms of FTAs, South Korea, which […]

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