WHEN IF NOT NOW?
THE EU NEEDS A TRADE DEAL WITH TAIWAN

Speak up for a trade deal with Taiwan

USE YOUR VOICE

The EU needs stable trade relations with Taiwan. Speak up for a trade deal with Taiwan.

Call on the European Commission to launch trade negotiations with Taiwan.

TOP 6 FACT-BASED
EVIDENCE

The European Union must respond and adapt to the rapidly evolving supply chains and global trade trends.

Room for significant mutual economic gains

A trade agreement with Taiwan can generate sound economic benefits for EU member states, potentially surpassing the expected gains from enhanced trade through FTAs, such as those between the EU and Vietnam or the EU and New Zealand.

Taiwan means tech resilience

A trade agreement with Taiwan can generate sound economic benefits for EU member states, potentially surpassing the expected gains from enhanced trade through FTAs, such as those between the EU and Vietnam or the EU and New Zealand.

Space to explore tariff reductions

European businesses encounter substantial tariff barriers in both agriculture and manufacturing sectors. Most-Favored Nation Applied tariffs average 4.9% for non-agricultural goods and rise to 16.9% for agricultural products. Among the most heavily protected manufacturing products are transport equipment, subject to rates as high as 30%, and non-electrical machinery, with tariffs reaching up to 18%.

An indispensable & irreplaceable supplier

Taiwan plays a critical role as a supplier of selected vital components. Taiwan ranks as the top importer of electronic integrated circuits as processors, controllers, and memories. Given the reliance of European companies on Taiwanese suppliers in electronics and manufacturing sectors, the trade agreement with Taiwan would enhance European access to these vital components.

Untapped advantages for the automotive sector

Currently, tariffs on European car exports to Taiwan reach as high as 17.5%. European automakers have achieved notable success in the Taiwanese market, securing a market share of over one-third despite tariff barriers. Automobiles rank among the top three European exports to Taiwan, with Germany, Sweden, Slovakia, Czechia, and Great Britain leading the list of the top five European car exporters to Taiwan.

The window of opportunity is narrowing

Taiwan has already completed an economic agreement with countries like New Zealand and Singapore. In August 2023, the United States signed the first phase of a bilateral trade deal.

EUROPEAN TRADE WITH TAIWAN IN NUMBERS

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Taiwan ranks 12th in the EU trade partner ranking.
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The EU is the largest investor in Taiwan.
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The 2022 bilateral trade volume reached €73.4 billion.
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The EU-Taiwan trade deal has been on the waiting list for 8 years.

GIVING THUMBS UP

Alice Rezková
Alice RezkováExecutive Director, CTBC
Pavel Diviš
Pavel DivišChairman, CTBC

EXPLORE FURTHER

to understand the importance of the EU-Taiwan trade deal.

IMPACT OF THE EU-TAIWAN BILATERAL INVESTMENT AGREEMENT ON THE CZECH ECONOMY

To dive deeper into the benefits and potential, explore the impact study on the Czech economy, a pioneering project mapping the real effects of the trade deal with Taiwan on an individual EU member state.

Quantitative Research: Taiwan’s Outward Foreign Direct Investment into the EU


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Qualitative Report: Taiwan’s Outward Foreign Direct Investment into the EU


READ NOW

ARE YOU INTERESTED IN
A STUDY FOR YOUR COUNTRY?

Please reach out. Gathering more fact-based evidence is crucial for advancing the EU-Taiwan trade deal.

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Czech Taiwanese Business Chamber

Phone number

+420 607 163 521

Email

info@taiwanchamber.cz

Address

Rybná 716/24
Staré Město
110 00 Praha
Czech Republic

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