Trade Policy Review - The Separate Customs Territory of Taiwan, Penghu, Kinmen and Matsu - Economy would improve with more flexibility and more competitiveness
- The Separate Customs Teritory of Taiwan, Penghu, Kinmen and Matsu
- 2010/07/16
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PRESS RELEASE
PRESS/TPRB/332
7 July 2010
(10-3739)
trade policy review: SEPARATE CUSTOMS TERRITORY OF TAIWAN, PENGHU, KINMEN AND MATSU
Economy would improve with more flexibility and more competitiveness
An outward-oriented development strategy has brought rapid growth and prosperity to the Separate Customs Territory of Taiwan, Penghu, Kinmen and Matsu (Chinese Taipei), transforming it into a modern industrial economy and a leading exporter of information technology (IT) products, according to a WTO Secretariat report on the trade policies and practices of Chinese Taipei.
Since its previous Trade Policy Review, in 2006, Chinese Taipei has pursued further trade and investment liberalization, mainly in the services sector, and is currently taking steps to restructure its economy and trade by stimulating domestic consumption and investment. It is also attempting to improve the investment climate in order to attract higher inward direct investment.
The reports says that t