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Wu, Chung Yu
2024/08/25
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CIER Economic Outlook NO.213 | May 2024

The Implications of International Trends in New Regional Economic Cooperation for Taiwan: The Example of the EU Cooperation Mechanism


In recent years, the world has faced numerous risks, including the geopolitical shifts caused by the US-China confrontation, the Russia-Ukraine war, and supply chain disruptions due to the COVID-19 pandemic. The digital transformation and green transition, crucial for industrial development, have further complicated this situation. To address these risks, major countries have introduced various strategies, including economic revitalization, establishing autonomous supply chains, and strengthening cooperation with allies.  Particularly, following the US-China trade war and the pandemic, governments have recognized that relying solely on a single country's power is insufficient to ensure the security of supply chains in critical areas and to effectively reduce dependence on China. Therefore, enhancing transnational supply chain cooperation with trusted partners has become a key strategy for countries to strengthen supply chain resilience.

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