Abstract
The following Working Paper provides an overview of Taiwan’s economic structure and the trading relations which have underpinned the globalization of its economy. The Working Paper outlines Taiwan’s economic challenges and analyzes the economic costs for Taiwan of not participating in the growth of regional Free Trade Agreements (FTAs). The Paper discusses why it is important for Taiwan to participate in these FTAs—and in particular the Trans-Pacific Partnership (TPP)—both as a means of retaining competitiveness in its key export markets and perhaps more importantly, as an external driver of domestic economic reform.
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