Współpraca Unii Europejskiej z Tajwanem w kontekście kryzysu globalnego – perspektywy rozwoju
Economic Co-Operation between the EU and Taiwan in the Context of the Global Crisis – Perspectives of Development
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In tough times of global economic slowdown, discovering the hidden potential of the EU-Taiwanese economic relations could be mutually beneficial. The article aims to identify this potential and the steps that, if taken, might contribute to its prompt fulfillment. To start with, the EU and Taiwan are presented within the context of their international settings. An indication of institutions coordinating the EU-Taiwanese economic cooperation and the cooperation’s formula follows. Next, some basic statistical data is given. It refers to the dynamic and structure of trade exchange. The issues of the re-exports of Taiwanese goods processed in People’s Republic of China as well as the export of goods manufactured by Taiwanese-owned companies based there, in so far as they influence the statistical data analysis, are also mentioned. The main part of the article presents the benefits from deepened economic cooperation between the EU and Taiwan as well as the potentially profitable areas for business development and issues vital to the strengthening of the economic ties. As the EU constitutes a huge single market with no barriers to trade, human and capital flows, with numerous combinations of geographic location, tax incentives, quality labour force, financial products and other resources available, it is a good place to invest in. Taiwan, on the other hand, a fast growing, stable economy, with high demand for ecological, consumer and luxury goods, seems potentially attractive to European companies as well. Moreover, due to its close ties to mainland China, it might be considered a foothold for businesses which plan to expand into the Chinese market. There is also a significant undiscovered potential for economic co-operation in the areas of energy-saving high-tech industries, financial services and public procurement markets. An improvement of mutual economic relations is expected to follow the conclusion of the Economic Cooperation Framework Agreement with mainland China, as well as the potential conclusion of Trade Enhancement Measures Agreement with the EU and the removal of the current tariff and non-tariff barriers to trade.
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