Taiwan Investment Agreement

Taiwan has been actively engaging in investment agreements with countries around the world to enhance its economic competitiveness and attract foreign investment. Recently, Taiwan has signed an investment agreement with the Philippines, which is expected to bolster the two countries` economic relations.

The Taiwan-Philippines Investment Agreement aims to promote and protect bilateral investment between Taiwan and the Philippines. It provides a more favorable investment environment for Taiwanese investors in the Philippines and vice versa. The agreement also includes provisions for dispute resolution and the protection of intellectual property rights.

As part of the agreement, Taiwan will provide incentives for Philippine investors, including favorable tax and customs policies. Similarly, the Philippines will offer Taiwanese investors incentives, such as easier access to land and other resources.

The agreement is expected to increase bilateral trade and investment between Taiwan and the Philippines, which have already been growing steadily in recent years. In 2019, Taiwan`s total trade volume with the Philippines reached US$11.5 billion, a 5.7% increase from the previous year.

Taiwan has also been actively pursuing investment agreements with other countries. In 2018, Taiwan signed a bilateral investment agreement with Japan, which aims to promote and protect investment between the two countries. The agreement includes provisions to reduce investment barriers, protect intellectual property rights, and improve transparency and predictability for investors.

In addition to bilateral agreements, Taiwan is also seeking to join regional trade agreements, such as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the Regional Comprehensive Economic Partnership (RCEP).

Joining these agreements would provide Taiwan with access to new markets and help it diversify its trade relationships. However, Taiwan`s bid to join these agreements has faced opposition from China, which considers Taiwan a part of its territory.

Despite these challenges, Taiwan remains committed to strengthening its economic competitiveness and attracting foreign investment through investment agreements. By providing a more favorable investment environment for foreign investors, Taiwan hopes to expand its international economic presence and create new opportunities for growth.