經濟部
兩岸經濟協議(ECFA)
對台灣產業及兩岸經貿關係的影響
Economic Cooperation Framework Agreement (ECFA) and
Its Impact on Taiwan Economy & Cross-Strait Economic Relations
組長：吳新華
Director： Hsinhua Wu
駐洛杉磯台北經濟文化辦事處商務組
Commercial Division, Taipei Economic and Cultural Office in Los Angeles
August 14, 2010
經濟部
Why Taiwan Needs ECFA
Questions asked about ECFA：
1. Upgrade the competitiveness of Taiwan export
products？
2. Move Taiwan to join regional economic integration？
3. Support Taiwan to sign FTA with other nations?
4. Secure the rights of Taiwan businessmen？
5. Promote the foreign direct investment？
6. Assist famers to export agriculture & fishery
products to China？
Answer is “YES”!!
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經濟部
Main Content of Agreement (1/2)
Preface
Ch.1
General Principles
Ch. 2
Trade in Goods,
Services & Investments
Both sides, based on basic principles of
WTO and considered economic
conditions of two sides, agree to
gradually reduce or eliminate barriers of
trade and investment.
1. Goals
2. Cooperative measures
1. Trade in goods
2. Trade in services
3. Investment
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經濟部
Main Content of Agreement (2/2)
Ch. 3
Economic
Cooperation
IPR protection、 financial cooperation、trade
promotion、facilitation、custom cooperation
and SME cooperation
Ch. 4
Early Harvest
1. Early Harvest of trade in goods
2. Early Harvest of trade in services
Ch. 5
Others
1.
2.
3.
4.
5.
6.
7.
8.
Exceptions
Dispute settlement
Arrangement for organizations
Form of documents
Appendix and following agreement
Amendment
Effect
Termination
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經濟部
Annexes of ECFA
 Early harvest list of goods
 Temporary rules of origin applied to early harvest list of goods
 Safeguard measures applied to early harvest list of goods
 Early harvest list of services market
 Definition of service providers applied to ‘early harvest list of
services market
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經濟部
Early Harvest of Manufacturing Industries
List of Taiwan (China reduces tariff)
Major industries
Petrochemical
Items
88
List of China (Taiwan reduces tariff)
Amount
Major industries
(US$ Million)
Items
Amount
(US$ Million)
5,944 Petrochemical
42
329
Textiles
136
1,588 Textiles
22
116
Machinery
107
1,143 Machinery
69
474
17
409
117
1,530
0
0
267
2,858
Transportation
equipment
Others
Agriculture
Total
50
148
Transportation
equipment
140
4,997 Others
18
16 N/A
539
13,838 Total
Amount Ratio in Early Harvest between China & Taiwan 1：4.84
Item Ratio in Early Harvest between China & Taiwan 1：2.02
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經濟部
Impact on Domestic and Foreign Business
1.
GDP Growth by 1.65-1.72%
Export Growth by 5%
Employment by 263,000 new jobs.
2.
Building Taiwan into a global innovation
center and regional trade hub.
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經濟部
Perspectives by other nations about ECFA (1/3)
1. United States：
State Department : Deputy spokesman Gordon Duguid :
the U.S. government is "encouraged“ by this “positive development”.
ECFA makes cross-strait relations over the past few decades has at all
time healthy.
ECFA makes Taiwan more attractive to foreign investors. The United
States is willing to strengthen economic cooperation with Taiwan by
TIFA.
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經濟部
Perspectives by other nations about ECFA (2/3)
2. Europe :
Dutch Ministry of Economic Affairs, Director General of Foreign
Economic Relations, Van Schreven, and other officials are happy to
see the two sides sign ECFA.
Financial Times: Expect Taiwan would sign FTA with the United
States, Japan, the European Union.
3. Japan :
Economic News：After ECFA, time for Japan to sign FTA with
Taiwan seems matured. It is a revelation to the stagnant Japanese
FTA strategy.
Sankei Shimbun: Japan and the United States should
negotiation of FTA with Taiwan.
expedite the
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經濟部
Perspectives by other nations about ECFA (3/3)
4. Philippines：
Business News: Professor Edgardo Dagdag, Center for Asian
Studies of University of the Philippines calls upon the Philippine
government to sign FTA with Taiwan, to serve as a complementary for
ASEAN free trade agreement
5. South Korea：
“South Korea International Trade Association,“ quoted from South
Korea News that Seoul and Beijing should speed up to sign FTA to
offset "significant damage.“ caused by ECFA
6. Singapore：
It is a good development that the mainland China is willing to
pragmatically deal with Taiwan by signing ECFA.
7. India：
India Times: Taiwan hopes to sign ECFA to boost the economy. It will
also contribute to the signing of FTA with the United States, Japan
and other countries.
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經濟部
Future Development of Cross-Strait Economic Relations
(3)Strengthen crossstrait economic and trade
exchanges, strengthen
the role of Taiwan in the
international Trade
(1) Under the WTO
framework, to promote
contact with other
countries to sign FTA,
to participate in global
economic integration
Prosper Economy
Promote
Employment
(2)Enhance export
promotion and
Strive for China
domestic market
(4)Integrate the
complementary
relationship of crossstrait industrial chain,
Enhance the
international
competitiveness of
industry
(5)Enhance investment,
Taiwan a gateway to
China
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經濟部
Strengthen Importance of U.S. – Taiwan Relations
U.S. is Taiwan 3rd largest export market；Taiwan is U.S. 10th
largest trade partner.
U.S. can use Taiwan as a “gateway” to access China’s
growing market.
ECFA makes Taiwan more attractive to U.S. investors.
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經濟部
Conclusion
ECFA draw the attention of the regional and global community to
Taiwan and China’s new role in Asia pacific economy.
ECFA helps the two sides to complement each other to enhance
competitiveness, and to bring well being to the people and
achieve mutual beneficial goals.
As we prepare for the new era of ECFA, Taiwan still needs to focus
on innovation, and adjusting industrial structure to build up a
positive environment for business.
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經濟部
ECFA official website : www.ecfa.org.tw
Commercial Division (洛杉磯商務組):
Tel: 213-380-3644
Email: tecola4@pacbell.net
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