WT/TPR/M/448  
21 December 2023 
(23-8741) Page: 1/40 
Trade Policy Review Body   
7 and 9 November 2023  
  
TRADE POLICY REVIEW  
SEPARATE CUSTOMS TERRITORY OF TAIWAN , PENGHU , KINMEN AND MATSU 
MINUTES OF THE MEETING  
Chairperson: H.E. Mr Saqer Abdullah Almoqbel (Kingdom  of Saudi  Arabia)  
CONTENTS  
 
1  INTRODUCTORY REMARKS BY THE CHAIRPERSON  ................................ .......................  2 
2  OPENING STATEMENT BY  THE REPRESENTATIVE OF THE SEPARATE CUSTOMS 
TERRITORY OF TAIWAN, PENGHU, KINMEN AND MATSU  ................................ .................  4 
3  STATEMENT BY THE DISCUSSANT  ................................ ................................ ................  8 
4  STATEMENTS BY MEMBERS  ................................ ................................ ........................  11 
5  REPLIES BY THE REPRESENTATIVE OF THE SEPARATE CUSTOMS TERRITORY OF 
TAIWAN, PENGHU, KINMEN AND MATSU  AND ADDITIONAL COMMENTS  ........................  33 
6  CONCLUDING REMARKS BY THE CHAIRPERSON  ................................ .........................  40 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Note: Advance written questions and additional questions by WTO Members, and the replies provided 
by the Separate Customs Territory of Taiwan, Penghu, Kinmen and Matsu  are reproduced in 
document WT/TPR/M/448/Add.1  and will be available online at 
http://www .wto.org/english/tratop_e/tpr_e/tp_rep_e.htm.  WT/TPR/M/448 • Separate Customs Territory of Taiwan, Penghu, Kinmen and Matsu  
 
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  1  INTRODUCTORY REMARKS BY THE CHAIRPERSON  
1.1.  The fifth  Trade Policy Review  (TPR)  of the Separate Customs Territory of Taiwan, Penghu, 
Kinmen and Matsu (Chinese  Taipei) was held on 7  and 9 November  2023. The Chairperson, 
H.E. Mr Saqer  Abdullah  Almoqbel (Kingdom of Saudi  Arabia), welcomed the delegation of 
Chinese  Taipei, headed by Mr  Chen Chern -Chyi; the rest of the delegation; and the discussant, 
H.E. Mr Raúl Cano Ricciardi (Paraguay).  
1.2.  The Chairperson was pleased that, in addition to physical presence, the meeting also benefited 
from the Interprefy online connection, allowing for a wider participation of the Membership.  
1.3.  The Chairperson recalled the purpose of TPRs and the main elements of procedures for the 
meeting. The Report by Chinese  Taipei is contained in document WT/TPR/G/448, and that of the 
WTO Secretariat in document WT/TPR/S/448.  
1.4.  Questions by the following delegations were submitted in writing before the deadline: 
United  States; China; Hong  Kong,  China; Philippines; New  Zealand; Brazil; Australia; 
United  Kingdom;  European  Union; Japan; Singapore; Ukraine; India; Dominican  Republic; and 
Guatemala. The following delegations submitted written questions after the deadli ne: Argentina, 
Thailand, and Malaysia.  
1.5.  The Chairperson first recalled some elements of Chinese  Taipei's previous Review and 
developments since then, as well as identified some key issues arising from the advance written 
questions submitted by Members for c urrent TPR.  
1.6.  During the previous TPR meeting in  2018, Members commended Chinese  Taipei for its 
transparent and predictable trade policies, and its efforts to create a friendlier business and 
investment environment. They welcomed the broadening of its WTO  commitments through the TFA, 
ITA 2 implementation, and the revised GPA. Members also highlighted Chinese  Taipei's active and 
constructive participation in the WTO's work, and sought more information on its regional integration 
initiatives.  
1.7.  Members also appre ciated Chinese  Taipei's trade facilitation initiatives and comprehensive tariff 
binding coverage, but also highlighted some concerns on the tariff structure. They raised concerns 
regarding certain SPS and TBT requirements, and the high level of protection for the agriculture 
sector. Chinese  Taipei was encouraged to continue with efforts to tackle illegal, unreported, and 
unregulated fishing. Members also saw scope for advances and improvements in public procurement, 
privatization, the protection of intellec tual property rights, and services liberalization.  
1.8.  Chinese  Taipei's agricultural policies remained a topic of interest in the current Review. Energy 
and environmental policies, which was discussed at the time of the previous Review, continued to 
attract significant interest  by Members during the current Review, in particular the goal of 
transitioning to net -zero greenhouse gas emissions by 2050. Chinese  Taipei's efforts to simplify the 
overseas investment approval process and initiatives in the fisheries se ctor also raised great interest 
among Members in the current Review.  
1.9.  In the advance written questions for the current Review, Members sought information regarding 
Chinese  Taipei's plans to build a digital economy, its progress with the Agreement on Fisheri es 
Subsidies, and its trade and economic cooperation initiatives.  
1.10.   Members showed keen interest in Chinese  Taipei's stance on a wide range of issues, including 
WTO reform; possible deliverables of ongoing WTO discussions; policy responses to demographic 
challenges; financial services liberalization; TRQ allocation methods and transparency; streamlining 
SPS and TBT  measures; SME -specific support; preferences in public procurement; and various 
aspects of IPR protection.  
1.11.   In total, Chinese  Taipei received over 3 99 advance written questions from 18  delegations for 
the current Review, out of which 299  questions from 15  delegations were sent within the established 
deadline. Prior to the meeting, Chinese  Taipei provided written replies to all questions submitted 
within the established deadline.  WT/TPR/M/448 • Separate Customs Territory of Taiwan, Penghu, Kinmen and Matsu  
 
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  1.12.   The meeting was a good opportunity for Members to discuss in greater detail issues of interest 
to them and of the systemic importance to the multilateral trading system. The Chairperson looked 
forward to a fruitful exchange . 
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  2  OPENING STATEMENT BY THE REPRESENTATIVE OF THE SEPARATE CUSTOMS 
TERRITORY OF TAIWAN, PENGHU, KINMEN AND MATSU ( MR CHEN CHERN -CHYI ) 
2.1.  Chair, Ambassadors, and distinguished Representatives, on behalf of the Separate Customs 
Territory of Taiwan, Penghu, Kinmen and Matsu, I am pleased to be here to present our key economic 
and trade developments and policies over the past five years.  
2.2.  Allow me first to express my appreciation to H.E.  Ambassador Cano  Ricciardi, Permanent 
Representative of Paraguay, for being the di scussant, as well as the Chair of the Trade Policy Review 
Body, H.E.  Ambassador Almoqbel (Kingdom of Saudi  Arabia) for setting the scene. I would also like 
to extend our appreciation to the WTO Secretariat for its hard work in preparing the Report and 
organizing the proceedings.  
2.3.  We consider the Trade Policy Review Mechanism a cornerstone to ensure the transparency of 
the WTO. It enhances our understanding of the policy -making processes as well as the 
implementation and commitment of Members' trade policies and practices. We have benefited 
greatly from these reviews.  
2.4.  In this Review, we received nearly 400  questions from 18  Members. We attach great 
importance to the keen interest and concerns that Members have shown in our policies and practices. 
In addition t o responding to most of the questions within the deadline, we will endeavour to reply to 
the questions we received during today's meeting.  
2.5.  Over the past decades, globalization and trade liberalization have driven global economic 
development, improved livin g standards, and fostered technological advancements. In particular, 
the multilateral trading system, with the WTO at its core, has played a crucial role in maintaining 
the rules -based order of global trade. Through multiple rounds of market access negotia tions and 
the establishment of international trade rules, the multilateral trading system not only provided 
significant momentum for global trade development, but also served as a linchpin in upholding the 
global economic order.  
2.6.  In recent years, major publ ic health crises and intensified geopolitical conflicts have driven 
many Members to affirm the importance of strengthening economic security and to adopt a number 
of supportive industrial measures and protective trade measures. These have posed substantial  
challenges to the development of the global trade environment and even to the WTO's key role in 
maintaining global trade rules.  
2.7.  As the most well -established global institution for upholding binding trade commitments, 
the WTO, in the rapidly evolving and c omplex global economic environment, should not only retain 
its significance but also consider how to adapt and enhance its functionality. The Separate Customs 
Territory of Taiwan, Penghu, Kinmen and Matsu, as a trade -oriented economy, is looking forward to  
cooperating with Members and contributing to the development of the WTO in this regard.  
2.8.  We are pleased to see that in recent years, the WTO has been progressively deliberating on 
emerging issues, including environmental protection, small and medium -sized enterprises (SMEs), 
and gender. Such discussions have produced new considerations and diverse ideas for enhancing 
global trade. We believe that these developments are beneficial for exploring how to re -invigorate 
and reform the WTO, updating or upgrading W TO rules.  
2.9.  During the review period, we continued to face threats and challenges to our economic 
development posed by various global and regional developments. We were able to sustain a stable 
economic growth due to the government's well -implemented measure s. 
2.10.   From 2018 to 2022, our total trade grew from USD  618.8  billion to USD  907.5  billion, marking 
a 46.65% increase. The average annual economic growth rate reached 3.61%. Furthermore, the 
nominal gross national income (GNI) per  capita surpassed USD  30,000 f or the first time in 2021. 
We have consistently achieved outstanding results in various international competitiveness rankings, 
such as the IMD World Competitiveness and Digital Competitiveness rankings, as well as major 
international credit ratings and co mpetitiveness assessments.  WT/TPR/M/448 • Separate Customs Territory of Taiwan, Penghu, Kinmen and Matsu  
 
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  2.11.   Our economic achievements can be attributed primarily to the government's swift and 
effective response to the COVID -19 pandemic. The government introduced various relief and 
stimulus measures to mitigate the economic impact of th e pandemic. Additionally, our ICT industry 
benefited from the move to a more digitalized economy during the pandemic, sparking a heightened 
global demand for ICT products, which has bolstered international trade and industry development.  
2.12.   In the post -pandem ic era, as supply chain bottlenecks and inflationary pressures persist and 
the global economic outlook remains uncertain, we leverage our industrial advantages in digital 
technology and continuously invest in infrastructure in order to strengthen our econo mic resilience 
and adapt to the opportunities presented by global supply chain restructuring. We optimize the 
conditions for industry development and intensify efforts in talent development and recruitment. 
This, in turn, enhances the supply chain resilien ce of our core industries.  
2.13.   As a firm supporter of the multilateral trading system, we have always been committed to 
adhering to WTO rules in order to ensure a rules -based multilateral trading system and a market 
economy system based on fair competition, which can continue to operate effectively.  
2.14.   In the following, I will introduce our key economic and trade policies and the reforms during 
the review period.  
2.15.   As a free and open economy highly reliant on foreign trade, the central pillar of our e conomic 
development strategy involves diversifying our trade partners and engaging in negotiations to 
establish a high -quality, high -standard economic and trade system.  
2.16.   Since our previous Trade Policy Review to date, we have accomplished several milestones. 
In 2021, we applied for membership in the Comprehensive and Progressive Agreement for 
Trans -Pacific Partnership (CPTPP). In 2023, we signed the first agreement under the U.S. -Taiwan 
Initiative on 21st Century Trade; we also concluded the Foreig n Investment Promotion and Protection 
Arrangement with Canada and continue to negotiate the Enhanced Trade Partnership with the 
United  Kingdom. These achievements not only demonstrate our ongoing commitment to 
liberalization but also deepen bilateral econo mic and trade relations with our major trading partners, 
strengthen our supply chain linkages, facilitate private sector collaboration on innovation, and 
advance our participation in regional economic integration.  
2.17.   In order to cultivate a favourable investm ent climate and optimize the business environment, 
the government has established new investment facilitation measures and promoted regulatory 
reform, including amendments to the Company Act and the Act Governing Electronic Payment 
Institutions. We continu e to implement a plan to enhance government openness and expand 
stakeholder participation in the formulation of public policies.  
2.18.   We advanced a major economic development initiative, the Six Core Strategic Industry 
Promotion Plan based on the 5+2  Industrial  Innovation Plan, in order to seize opportunities for global 
supply chain restructuring and accelerate the transformation and upgrading of key sectors such as 
information and communications technology, healthcare, and energy. Remarkable results have been 
achieved in industries such as the Internet of Things, machinery, biotechnology, and renewable 
energy. We amended the Statute for Industrial Innovation that provides tax incentives for innovation 
to all companies that meet the requirements of the Company Ac t.  
2.19.   In furtherance of the goals of global decarbonization and net -zero emissions:  
• We have announced the Pathway to net -zero emissions in 2050 which laid the groundwork 
to achieve our net -zero goal. We also promulgated the Climate Change Response Act this 
year. Under this Act, a Carbon Rights Exchange was officially launched in August, and we 
are currently planning for the imposition of carbon fees.  
• The energy transition is a crucial factor in achieving our net -zero goal. Our strategy is to 
promote green ene rgy, reduce coal -fired power, increase natural gas, and phase out nuclear 
energy. We have set a policy target of 29  GW of renewable energy capacity by 2025, with 
solar and offshore wind power as the primary pillars of our energy transition. We are also 
diversifying through geothermal and biomass energy sources, in order to ensure a stable WT/TPR/M/448 • Separate Customs Territory of Taiwan, Penghu, Kinmen and Matsu  
 
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  power supply while reducing carbon emissions, and thus accelerating our net -zero 
transformation.  
• We support actions to combat climate change and are willing to collaborate  with WTO 
Members to promote environmental sustainability. However, we also expect that 
trade -related measures taken by Members adhere to WTO rules and do not impose 
unnecessary restrictions on international trade.  
2.20.   Promoting trade inclusivity, including th e enhancement of women's rights, labour rights, and 
empowering indigenous communities, is also a significant policy focus of our government:  
• SMEs hold a prominent position in fostering our economic growth, and in 2022 there were 
over 1.63  million SMEs, acc ounting for 98% of all businesses. During the review period, the 
government implemented a series of measures to assist SMEs in their digital transformation, 
support expansion into international markets, and provide guidance for women 
entrepreneurs.  
• To enha nce workers' rights and interests during the review period, several measures were 
implemented, including annual increases to the minimum wage, reduction of maximum 
working hours, improvement of protections for occupational accidents, safeguards for 
workers ' rights, effective mechanisms to resolve labour disputes, and support for greater 
female participation in economic activities.  
• To facilitate the economic empowerment of indigenous peoples, we continue to promote 
support and assistance plans, and we have j oined the Indigenous Peoples Economic and 
Trade Cooperation Arrangement (IPETCA) to continue to collaborate with like -minded 
Members on addressing these issues.  
2.21.   In addition, we look forward to contributing to the development of the international 
community through bilateral and multilateral grants and technical cooperation programmes to assist 
partner Members in achieving their sustainable development goals.  
2.22.   To address increasingly important issues such as supply chain restructuring, the digital 
economy, and  climate change, we have carried out organizational reform within our government. 
The Ministry of Digital Affairs was established in 2022 to coordinate digital governance and accelerate 
digital transformation. In August of this year, the former Council of Agriculture and the 
Environmental Protection Administration were upgraded to Ministry -level agencies to strengthen 
their effective use of resources for sustainable industrial development.  
2.23.   Our economic development relies on a well -functioning, open, and inc lusive multilateral 
trading system. To ensure that the WTO continues to function smoothly, we advocate for a gradual, 
pragmatic, and reform -by-doing approach to reform. This means strengthening the operational 
functions of relevant WTO institutions, improv ing the dispute settlement mechanism, and enhancing 
the WTO negotiation functions. We hope that concrete progress can be reached before the 
13th Ministerial Conference (MC13).  
2.24.   We believe that plurilateral initiatives and negotiations can assist in advancin g the role of the 
WTO in global trade. Therefore, we have actively participated in various discussions over the past 
five years, including the Joint Statement Initiative (JSI) on Services Domestic Regulation and 
e-commerce, as well as on other issues such as micro, small and medium -sized enterprises (MSMEs) 
and environmental sustainability. We look forward to working closely with all Members to modernize 
WTO rules.  
2.25.   Lastly, to implement the resolutions of the 12th Ministerial Conference (MC12), we aim to 
complete domestic procedures for ratifying the Agreement on Fisheries Subsidies prior to MC13. 
Based on the goal of sustainable fisheries development, we also continue to engage actively in the 
second phase of negotiations regarding fisheries subsidies.  
2.26.   Despi te the many uncertainties we face in international trade, as an open and free economy 
that is a strong advocate of the multilateral trading system, we cherish and adhere to the core values 
of the WTO. We continue to work alongside other WTO Members to prom ote WTO reform, enhance WT/TPR/M/448 • Separate Customs Territory of Taiwan, Penghu, Kinmen and Matsu  
 
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  WTO rules, and introduce more inclusive and sustainable growth strategies in response to the 
demands of a new era in global trade.  
2.27.   We appreciate the participation of all Members in this Trade Policy Review meeting. We look 
forward t o further exchanging of views fostering mutual understanding, and collectively constructing 
a more robust, open, free, and fair global trade environment.  
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  3  STATEMENT BY THE DISCUSSANT  
3.1.  First of all, I would like to thank Chinese  Taipei for giving me the hon our of participating as a 
discussant in this fifth  Trade Policy Review.  
3.2.  I would like to extend my warmest welcome to the Chinese  Taipei delegation, led by Deputy 
Minister, Mr Chen Chern -Chyi; Permanent Representative to the WTO , Dr Chang -Fa Lo and his team 
in Geneva.  
3.3.  I would also like to thank H.E.  Ambassador Saqer  Abdullah  Almoqbel (Kingdom of 
Saudi  Arabia), Chair of the Trade Policy Review Body, as well as the WTO Secretariat for the 
exhaustive reports which I enjoyed reading tremendous ly. 
3.4.  Before going into the subject, I must say that Chinese  Taipei occupies a preponderant place in 
Paraguay's foreign policy, and the ties between our peoples remain strong, therefore, I would like 
to express the appreciation of the Paraguayan Government f or the conduct of this exercise.  
3.5.  I will organize my remarks today under four main headings. First, I will begin by commenting 
on general observations on Chinese  Taipei's economic growth and trade. Second, I will discuss more 
of the latest developments and notable areas of success. Third, I will then address some issues that 
may require further attention in relation to Chinese  Taipei's trade and economic policies. My 
intervention will conclude  by highlighting key issues and areas of interest to other Members  on 
Chinese  Taipei's Trade Policy Review this year.  
3.6.  Chinese  Taipei is an advanced, outward -oriented economy, strongly influenced by the global 
environment. It excels in services, manufacturing and integrated electronics, being a world leader 
in electronic  circuits. During the COVID -19 pandemic,  its economy was boosted by strong global 
demand for electronic components.  
3.7.  As the Secretariat's Report shows, it is heavily dependent on trade, with exports and imports 
accounting for more than 120% of GDP in 2018 and 127% in 2022. Its participation in global value 
chains intensified, especially in electronics manufacturing.  
3.8.  At the institutional level, participatory approaches to trade policy formulation have been 
implemented, with an emphasis on transparency, accountability, and cooperation with civil society.  
3.9.  Chinese  Taipei sees trade as central to its economic development,  pursuing strategies to 
strengthen key industries, promote innovation and reduce its dependence on a single market.  
3.10.   It maintains a strong commitment to the multilateral trading system, participating actively in 
the WTO and advocating a transparent trading environment. It also seeks to preserve equitable 
market access for its main exports.  
3.11.   As for foreign investment, prior approval is required , although procedures have been 
simplified and the expansion of local companies abroad is encouraged.  
3.12.   On tariffs, few changes have been made since 2018, with most tariffs being ad valorem , 
although they vary significantly across sectors.  
3.13.   Chinese  Taipei con tinues to promote innovation, production, and investment  through 
incentive programmes, especially aimed at supporting SMEs and environmental protection.  
3.14.   In the agricultural sector, it faces challenges such as land scarcity, fragmentation of operations 
and dependence on imports of food and agricultural inputs.  
3.15.   On the energy side, it continues to rely heavily on imports, but has gradually increased the 
use of renewable sources.  
3.16.   In the financial sphere, Chinese  Taipei continues to strengthen its regulatory an d supervisory 
frameworks to maintain a resilient and highly developed system.  WT/TPR/M/448 • Separate Customs Territory of Taiwan, Penghu, Kinmen and Matsu  
 
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  3.17.   In telecommunications, important legal and institutional changes have been introduced, 
including the implementation of cutting -edge technologies such as 5G.  
3.18.   In maritime transport , its strategic location has favoured foreign trade, with the majority of 
goods traffic taking place by sea.  
3.19.   Overall, Chinese  Taipei faces challenges and maintains constant efforts to strengthen its 
economy, focusing on innovation, international trade, and  sustainable development in a number of 
key sectors.  
3.20.   During the period under review (2018 -2022), the economy expanded steadily  with an average 
annual real GDP growth of 3.6%. GDP per  capita increased from USD  25,838 to USD  32,756 in 
nominal terms.  
3.21.   This exp ansion was due to a timely increase in public spending during the COVID -19 
pandemic, global demand for electronic components and increased private investment, particularly 
in sectors such as semiconductors, renewable energy, and telecommunications.  
3.22.   Industr ial Innovation:  Since 2020, the Six Core Strategic Industry Promotion Plan, derived 
from the 5+2  Industrial Innovation Plan, has been implemented. This programme aims to foster 
transitions and improvements in the industrial sector.  
3.23.   Focus on Digital Affairs : In 2022, the Ministry of Digital Affairs was established to formulate 
policies for digital development, promote cybersecurity, facilitate digital transformation in various 
sectors and enhance digital resilience.  
3.24.   Climate Change and Environmental Sustainab ility: has formulated comprehensive policies to 
address climate change, with the goal of achieving net -zero emissions by 2050. It also participates 
in dialogues with other members in organizations such as the WTO and APEC on environmental 
sustainability.  
3.25.   Inclusive Economic Development:  Efforts have been implemented to facilitate inclusive 
economic growth that embraces diverse sectors and protects labour rights. The focus is on promoting 
the participation and empowerment of SMEs, indigenous communities, and women to benefit from 
economic growth.  
3.26.   Regulatory Reform: The territory compiles suggestions from various sectors to promote 
market opening, reduce unnecessary regulatory burdens and create a favourable investment 
climate.  
3.27.   Multilateral Trade Support: It ac tively participates in WTO and other trade negotiations. It 
also strives to intensify regional economic cooperation, participating in APEC and seeking to join 
the CPTPP to foster collective prosperity in the regional economy.  
3.28.   Commitment to Market Economy:  Chinese  Taipei is committed to the principles of market 
economy and strives to contribute to a free, open, fair, and transparent global trading system, 
respecting the rules and standards of the WTO.  
3.29.   As I mentioned earlier, Chinese  Taipei is an outward -looking economy and is a leader in 
electronics, innovation, and technology. Its Trade Policy Review has received considerable attention 
from Members, 18 of whom have submitted more than 400  written questions in advance for this 
review. As expected, the questio ns cover a wide range of issues, some of which are new and some 
of which are unchanged from the last Review. I will therefore confine myself to briefly summarizing 
the main issues of interest to Members on Chinese  Taipei's trade policy.  
3.30.   There are four key areas that I noticed delegations have shown interest and are seeking 
clarification from Chinese  Taipei.  
3.31.   First, regarding the measures implemented during COVID -19 pandemic, especially with 
respect to worker's welfare. Moreover, measures to contain inflation and services trade performance.  WT/TPR/M/448 • Separate Customs Territory of Taiwan, Penghu, Kinmen and Matsu  
 
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  3.32.   Second, with regards to trade and investment regimes, there were questions about the 
institutional framework and plans to build a digital economy, status of CPTPP accession process, 
plans for economic coope ration in Asia and plans to simplify overseas investment approval process, 
investment in export processing zones (EPZs) and public -partnerships framework.  
3.33.   The third area of issues is related to trade policies and practices by measure and by sector, 
such as  registration, customs documents and procedures, tariffs, import prohibitions, export 
support, incentives, technical regulations, and standards, SPS measures, government procurement 
and IPR.  
3.34.   In specific sectors, Members were interested in agriculture, rati fication status of Agreement 
on Fisheries Subsidies, the plans to transition to net -zero greenhouse gas emissions, semiconductor 
industry performance, financial services, telecommunication, and transport services.  
3.35.   Last but certainly not least, Members were  interested in WTO topics such as stance on (i)  the 
moratorium on customs duties on electronic transmissions, (ii)  a special safeguard mechanism, 
(iii) JSIs in the WTO legal architecture, (iv)  priority directions of WTO reform, and (v)  participation 
in tra de capacity -building facilities.  
3.36.   To conclude Chair, one thing was very clear to me while reading the TPR reports, that during 
the period under review, which included the COVID -19 pandemic, Chinese  Taipei has shown 
remarkable resilience, maintaining strong and steady economic growth, in a forward -looking and 
strategic manner, setting trade policies and measures to promote inclusive, digital, and green trade.  
3.37.   I underline the strong commitment of Chinese  Taipei to free trade as an engine of global 
growth and t he determination to support and strengthen the multilateral trading system under the 
core principles and values of the WTO.  
3.38.   Looking ahead, I encourage Chinese  Taipei to reinforce its commitment to liberalization and 
economic development and to continue to  work actively as it has been doing with WTO Members.  
3.39.   With that, I conclude my statement and I wish Chinese  Taipei all the success in its fifth  Trade 
Policy Review.  
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  4  STATEMENTS BY MEMBERS  
UNITED  STATES  
4.1.  The United  States is pleased to welcome the distingu ished Head of Delegation Deputy  Minister 
Chen, along with others visiting from Taipei, and to acknowledge Dr  Lo and the team here in Geneva 
during this fifth  Trade Policy Review (TPR) of the Separate Customs Territory of Taiwan, Penghu, 
Kinmen and Matsu.  
4.2.  As the Secretariat notes in its report, Chinese  Taipei has shown continued support for a 
rules-based multilateral trading system. As a critical player in global supply chains, Chinese  Taipei 
has regularly demonstrated its commitment to maintaining a transpa rent and predictable trade and 
investment environment. The United  States remains strongly supportive of Chinese  Taipei's ability 
to exercise its rights as a WTO Member and fully participate in WTO activities.  
4.3.  The United  States and Chinese  Taipei continue to have strong and diverse trade and investment 
ties. Chinese  Taipei is currently the United  States' ninth largest goods trading partner with 
USD 136.0  billion in total, two -way, goods trade during 2022. Two -way trade in services with 
Chinese  Taipei totall ed an estimated USD  24.0 billion in 2022. Top U.S. exports to Chinese  Taipei 
in 2022 included machinery, electrical machinery, mineral fuels, optical and medical instruments, 
and aircraft. Chinese  Taipei is our sixth largest agricultural export market with  USD 4.3 billion in 
exports of agricultural products in 2022.  
4.4.  In June  2022, the United  States and Chinese  Taipei announced an ambitious new trade 
initiative focused on the negotiation of agreements covering 11  trade areas. On 1  June of this year, 
the two sides signed a first agreement under this initiative, marking a significant milestone in our 
economic and trade relationship. In that agreement, the two sides set high benchmarks in the areas 
of customs administration and trade facilitation, good regulator y practices, services domestic 
regulations, anticorruption, and small and medium -sized enterprises. Currently, the two sides are 
working towards the conclusion of a second agreement, covering additional trade areas.  
4.5.  The United  States welcomes the construct ive engagement by Chinese  Taipei over the course 
of the fisheries subsidies negotiations. I am glad to hear that Chinese  Taipei hopes to submit its 
acceptance of the Agreement on Fisheries Subsidies by MC13. We also encourage Chinese  Taipei to 
reaffirm its  commitment to not avail itself of special and differential treatment flexibilities in any 
future additional Fisheries Subsidies Agreement. We look forward to continuing to work with 
Chinese  Taipei towards achieving meaningful disciplines on harmful fisher ies subsidies that 
contribute to overcapacity and overfishing.  
4.6.  Furthermore, we would like to continue to work closely with Chinese  Taipei as we seek 
fundamental reform of the dispute settlement system. Chinese  Taipei has played a leading role in 
advancing the discussion on reforms that will have a meaningful impact on the system. It has 
effectively pursued changes that would benefit all Members – large and small -economy Members 
alike. The United  States welcomes Chinese  Taipei's thoughtful and constructive l eadership on certain 
core issues and we encourage Chinese  Taipei to continue its positive engagement with the 
United  States and all Members. This is the type of engagement that we need from Members in order 
to achieve the reform that we are all committed t o. 
4.7.  The United  States would also like to highlight certain areas that we believe need greater 
attention. We remain particularly concerned about Chinese  Taipei's failure to remove all unjustified 
restrictions on market access for U.S. pork and beef. We urge Chinese  Taipei to use science -based 
international standards and practices when regulating trade in food and agricultural products.  
4.8.  On these and other issues, the United  States will continue to engage with Chinese  Taipei across 
the fora and initiatives that  we have established in order to strengthen our economic and trade ties 
and further break down trade barriers.  
4.9.  We look forward to a positive and constructive Trade Policy Review.  
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  CHINA   
4.10.   I would like to start by commending Chinese  Taipei for its active participation in the WTO 
negotiations and discussions, including the dispute settlement reform, e -commerce, services 
domestic regulation and TESSD. We also look forward to Chinese  Taipei's submission of ratification 
of the Fisheries Subsidies Agreem ent by MC13.  
4.11.   With Chinese  Taipei we have a long -standing trade and investment relationship. We always 
embrace trade and investment from Chinese  Taipei with open arms. During this review period, we 
remained the largest trading partner of and the biggest sou rce for trade surplus of Chinese  Taipei. 
We continued to be its major investment destination, receiving more than one third of its outbound 
direct investment. By September  2023, we have received investment of 135,000  companies from 
Chinese  Taipei, accounti ng for 11.6% of our total number of companies with inbound investment. 
This reflects the faith of Chinese  Taipei investors in our business environment and market prospects. 
Products produced by these companies, including ICT products, are seamlessly integr ated into the 
global industrial chains through our advanced international logistics channels, bringing tangible 
benefits to these companies.  
4.12.   Cross -strait bonds go beyond trade and investment. During the pandemic, we mobilized the 
private sector and civil organizations to donate vaccines, testing reagents and medical devices in 
urgent need to Chinese  Taipei. We were warmed by the same kindness returned to us from 
companies in Chinese  Taipei. This is testimony of the cross -strait relationship bounded by fles h and 
blood. This September, we issued a new policy to deepen cross -strait integration and development, 
as a concrete measure to respond to the demands of cross -strait businesses for open and mutually 
benefiting cooperation.  
4.13.   In its report, Chinese  Taipei r eaffirms its commitment to "supporting the development of the 
multilateral trading system under the WTO" and "upholds the principles and norms of the WTO in 
formulating domestic economic and trade policies". However, it is regrettable to see that some trad e 
practices and policies adopted by Chinese  Taipei completely run counter to the above statement.  
4.14.   On trade, discriminatory trade policies remain, resulting in unfair trade barriers and 
restrictions. Despite the claim to "enhance market openness by eliminat ing trade barriers" in its 
report, Chinese  Taipei applies "additional import prohibitions to some cross -strait imports", as stated 
in the Secretariat Report. These apply to about 2,500 tariff lines, including industrial products such 
as electric vehicles a nd photovoltaic cells, as well as agricultural products, such as apples and eggs, 
though these are livelihood products with a strong demand or even a shortage in Chinese  Taipei. 
Such trade practice runs counter to market principles and the basic rules of t he WTO such as 
non-discrimination and general elimination of quantitative restrictions. It also harms the interests of 
Chinese  Taipei and other WTO Members.  
4.15.   On investment, targeted protectionism discourages investment. Despite the claim to "foster 
an effic ient and supportive investment environment" in its report, Chinese  Taipei requires prior 
approval for all overseas investors according to the Secretariat  Report. Investment prohibitions or 
restrictions remain in the manufacturing and other fields. In addit ion, Chinese  Taipei has amended 
specific regulations governing the approval of the investment from our side. While other overseas 
investments are subject to the negative list, our investment are regulated by a positive list. Doors 
remain closed to our comp anies in some manufacturing activities, as well as nearly half of the 
services sector and public utilities. Projects are subject to a strict ceiling on share ratios even they 
are on the positive list.  
4.16.   We have raised the above concerns, among others, in th e advance written questions and we 
thank Chinese  Taipei's response. We call upon Chinese  Taipei to fully implement its accession 
commitment, to correct its policy measures that are inconsistent with the WTO rules and principles. 
We also hope that the two s ides will work together to promote cross -strait economic and trade 
cooperation, which will benefit regional development and global economic recovery.  
4.17.   We will submit follow -up questions after today's meeting. We hope Chinese  Taipei will respond 
in due cours e. 
4.18.   Finally, Chair, I wish this review smooth -going and a success.  WT/TPR/M/448 • Separate Customs Territory of Taiwan, Penghu, Kinmen and Matsu  
 
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  HONG  KONG, CHINA  
4.19.   I would like to start by warmly welcoming the delegation of Chinese  Taipei, led by 
Mr Chen Chern -Chyi. H ong Kong, China is thankful for the comprehensive Report by the Secre tariat. 
Thanks also go to Ambassador Cano Ricciardi of Paraguay, for sharing his salient observations as 
the discussant.  
4.20.   Chinese  Taipei has long been a key trading and economic partner of Hong  Kong,  China.  
4.21.   In terms of merchandise trade, Chinese  Taipei was our second largest trading partner in 2022, 
with total trade volume amounting to USD  94.7 billion. Despite the challenges brought by the 
COVID -19 pandemic, our bilateral trade in goods has in fact recorded impressive growth for three 
consecutive years sinc e 2020.  
4.22.   As far as services trade is concerned, Chinese  Taipei was our seventh largest trading partner 
in 2021 with total trade value reaching USD  5.2 billion . Again, it  represented growth of over 30% 
from the pre -pandemic level in 2020.  
4.23.   We appreciate that Chinese  Taipei is a staunch supporter of open trade . We are also fellow 
participants in  the various joint statement initiatives. Furthermore , we share Chinese  Taipei 's views 
that it is essential to have a well and fully functioning dispute settlement mechanism and that we 
should start the selection processes for filling the vacancies on the Appellate  Body. We look forward 
to working with Chinese  Taipei and other Members to reinvigorate the dispute settlement system of 
the WTO.  
4.24.   With respect t o the trade policy of Chinese  Taipei, Hong  Kong,  China has the following 
observations.  
4.25.   First, on trade facilitation , we are glad to note that Chinese  Taipei has fulfilled its transparency 
obligations under the Agreement on Trade Facilitation. We appreciat e Chinese  Taipei's contribution 
to the discussions on trade facilitation, including the initiative it took in sharing its experience in 
implementing its Customs Port Trade Single Window system at the Committee on Trade Facilitation.  
4.26.   Second, on standards an d other technical requirements, we appreciate the efforts of 
Chinese  Taipei  in ensuring conformance of the Chinese  Taipei's  standards (CNS) to international 
standards, which should help reduce unnecessary barriers to trade. In particular, we observe that 
there is a high equivalency rate between CNS and international standards, with an average of 99% 
in all areas, and an equivalency rate of 100% in 16  areas.  
4.27.   Third, like Hong  Kong,  China, services continue to be the main driving force of 
Chinese  Taipei's econ omy, accounting for about 60% of its GDP and employment. We appreciate 
that Chinese  Taipei has undertaken a number of trade facilitative measures mainly in the financial 
services sector during the review period. We look forward to Chinese  Taipei's further liberalization 
of its services trade regime for increased participation of foreign investment  across the board . 
4.28.   However, we think certain measures could be made more facilitating.  
4.29.   For tariffs, we note  from the Secretariat Report that the applied MFN rate for six tariff lines 
appear to have exceeded the bound rate. We request Chinese  Taipei  to review the tariffs of these 
lines and bring them into conformity with Chinese  Taipei 's tariff commitments.  
4.30.   We also note from the Secretariat Report that the simple average applied rate, which stands 
at 7.1% in 2023, has not improved much from the last Review. The average rate for agricultural 
products at 17.6% remains substantially higher than that for non -agricult ural products at 5.1%, and 
among the non -agricultural products, fish and fishery products carry the highest average tariff at 
19.9%. Agricultural products and fishery products are also the types of goods to which 
non-ad valorem  tariffs mainly apply. We enc ourage Chinese  Taipei  to consider further liberalizing its 
tariff regime, particularly the high tariffs for agricultural and fishery products, and convert 
non-ad valorem  rates to ad valorem  rates to enhance the predictability of its tariff regime.  WT/TPR/M/448 • Separate Customs Territory of Taiwan, Penghu, Kinmen and Matsu  
 
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  4.31.   On agric ulture, we take note that Chinese  Taipei has launched the New Innovative Agriculture 
Programme during  the review period to enhance farmers ' welfare, improve infrastructure and boost 
competitiveness. Farmers are also given financial support through funds de dicated to credit 
guarantee, damage redress and insurance. While these are commendable efforts to ensure food 
security, we note that Chinese  Taipei's latest domestic support notification to the WTO only covered 
up to the calendar year 2019. We encourage Ch inese Taipei to step up efforts in submitting timely 
notifications for the sake of  transparency and effective monitoring of Members' implementation of 
commitments.   
4.32.   Last but not least, we thank Chinese  Taipei for their timely response to our written questi ons, 
and we wish Chinese  Taipei a successful Trade Policy Review.  
PHILIPPINES  
4.33.   Chinese  Taipei is a key economic partner of the Philippines; it is among the top foreign 
investors and our ninth  largest trading partner, with total bilateral trade valued at USD 9.8 billion 
in 2022. Among the top Philippine exports to Chinese  Taipei in 2022 are digital monolithic integrated 
circuits, semiconductor devices and storage units. While the main exports to the Philippines are 
dominated also by digital monolithic inte grated circuits, petroleum oils and dice materials.  
4.34.   The Philippines and Chinese  Taipei holds a regular Joint Economic Conference which is a 
valuable mechanism for both sides to pursue collaborative initiatives and identify shared areas of 
interest. We look  forward to the next Conference to ensure that the initiatives being undertaken are 
timely, relevant and responsive to the growing and changing needs of both sides, especially the 
need to strengthen manufacturing supply chains, build resilience amidst disr uptions and 
vulnerabilities, and promote green technology and innovation.  
4.35.   Turning to the TPR reports, as noted in both reports, the economy posted consistent growth 
despite the outbreak of the COVID -19 pandemic and remained resilient amidst subsequent ext ernal 
shocks. The Secretariat's Report noted the deepening participation of Chinese  Taipei in global value 
chains during the period under review with its presence especially significant in the manufacturing 
of electronic products, particularly electronic i ntegrated circuits. Relatedly, we note the policy 
statement by Chinese  Taipei that since 2020, it has been implementing the Six Core Strategic 
Industry Promotion Plan, which is derived from the 5+2 Industrial Innovation Plan, to facilitate 
industry transit ions and improvements. The Programme includes information and digital, 
cybersecurity, precision health, green and renewable energy, defence, as well as strategic industries 
and strategic stockpile industries. We also note the improvements in policies relat ed to enhancing 
the value of its digital economy, increasing the adoption of digital services, and improving the 
coverage of high -speed broadband services such as Smart  Taiwan  2030. We likewise observe the 
changes in its tariff structure with the increase of duty -free rates, mainly due to the completion of 
the Information Technology Agreement (ITA) expansion.  
4.36.   Equally, Chinese  Taipei is a firm supporter of the multilateral trading system and an active 
Member of the WTO, demonstrated by its participation in the core functions of the Organization as 
well as in the various joint statement initiatives (JSIs) such as e -commerce, services domestic 
regulation, investment facilitation, and MSMEs. It also joined the launch of the Trade and 
Environmen tal Sustainability Structured Discussion (TESSD) initiative in November  2022.  
4.37.   We note the significant developments in the economic policies of Chinese  Taipei, and 
appreciate the opportunity to learn more about these policies through this Trade Policy Revi ew 
Mechanism. Our delegation has submitted 43  advance written questions, and we thank the 
delegation for its timely responses.  
4.38.   In closing, the Philippines looks forward to further enhancing the strong economic relations 
with Chinese  Taipei.  
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  NEW ZEALAND  
4.39.   Aotearoa  New Zealand extends a warm welcome to the Chinese  Taipei delegation led by 
Deputy Minister of the Economy, Mr  Chen Chern -Chyi, and WTO Representative Mr  Chang -Fa Lo. 
I would like to thank both the WTO Secretariat and Chinese  Taipei for their work in preparing this 
review, as well as H .E. Ambassador Cano for his insightful remarks as discussant.  
4.40.   The Review demonstrates Chinese  Taipei's continued strong commitment to the rules -based 
multilateral trading system, and its success in leveraging internat ional trade and investment to 
strengthen its economy and improve living standards.  
4.41.   Chinese  Taipei is an important economic partner for New  Zealand. Building on our 
membership of the WTO, the Agreement between New  Zealand and the Separate Customs Territory  
of Taiwan, Penghu, Kinmen and Matsu on Economic Cooperation, or ANZTEC, has played an 
important role in liberalizing trade and investment.  
4.42.   This year we celebrated the 10th anniversary of ANZTEC, which is a significant milestone. 
ANZTEC has been a success story for both sides. In the 10 -year period to 2022, trade between 
New Zealand and Chinese  Taipei has grown almost 50% to USD  1.75 billion. Under the Agreement, 
both sides have removed all tariffs on goods and remaining quota restrictions will expire at th e end 
of 2024. New  Zealand values the close and constructive dialogue with Chinese  Taipei on resolving 
issues and to further facilitate trade and trade -related cooperation.  
4.43.   ANZTEC also includes an innovative chapter on Indigenous issues, which has assiste d the 
growth in cooperation between New  Zealand Māori and the indigenous peoples of Chinese  Taipei. 
We look forward to working with Chinese  Taipei to strengthen further the impact of this chapter and 
the tangible benefits to both our economies.  
4.44.   New Zealand also values its cooperation with Chinese  Taipei in APEC, which continues to be a 
critical institution to drive sustainable economic growth and prosperity in the Asia -Pacific region.  
Cooperation on indigenous issues has been further facilitated by the Indigenous Peoples Economic 
and Trade Cooperation Arrangement (IPETCA), of which New  Zealand and Chinese  Taipei are 
founding members, alongside Australia and Canada. This is a first of its kind, open plurilateral 
non-binding arrangement, which creat es a framework for economies and Indigenous peoples to work 
together to increase trade and economic cooperation.  
4.45.   New Zealand and Chinese  Taipei enjoy close collaboration across a range of WTO work 
streams. Chinese  Taipei's commitment across the WTO system  is evidenced by its active contribution 
across a number of areas, including to the dispute settlement reform discussions including as part 
of the drafting team. Chinese  Taipei was a highly effective Chair of the SPS Committee. We were 
pleased to support C hinese  Taipei's candidacy for Chair of the Committee on Government 
Procurement, and hope that the blockage of that appointment will not deter you from seeking further 
leadership roles in this Organization. We also welcome Chinese  Taipei's active participat ion in the 
services domestic regulation and e -commerce joint statement initiative negotiations, including as 
facilitator of the Source Code small group. We look forward to Chinese  Taipei supporting progress 
at the 13th WTO Ministerial Conference, including  in respect of securing progress towards a 
meaningful outcome in the WTO agriculture negotiations.  
4.46.   Greater Chinese  Taipei engagement would also be a valued addition to other areas of WTO 
work. For example, we encourage Chinese  Taipei to join the Multi -Party Interim Appeal Arbitration 
Arrangement (MPIA). We  look forward to Chinese  Taipei ratifying the Fisheries Subsidies Agreement  
by MC13  and supporting work to reach agreement on the final, comprehensive set of fisheries 
disciplines. We also encourage Chines e Taipei to re -engage in the Fossil Fuel Subsidy Reform 
initiative, aimed at curbing the proliferation of environmentally detrimental subsidies that harm all 
Members and their people.  
4.47.   New Zealand commends Chinese  Taipei for the positive measures it has im plemented during 
the review period. We have noted the recent advancements Chinese  Taipei has made in adopting 
measures, including targets, to respond to the impacts of climate change; reducing barriers to 
external investment; and the work being done to max imize the potential benefits from the digital WT/TPR/M/448 • Separate Customs Territory of Taiwan, Penghu, Kinmen and Matsu  
 
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  economy. New  Zealand also values the contributions being made by Chinese  Taipei in support of Aid 
for Trade initiatives.  
4.48.   New Zealand is a strong supporter of the Trade Policy Review Mechanism. These instruments  
play an essential role in allowing Members to better understand and review the policies and practices 
of other WTO Members. New  Zealand appreciates Chinese  Taipei's continued commitment to the 
multilateral trading system, and we welcome the positive steps  that Chinese  Taipei has taken in the 
five years since its last Trade Policy Review. We look forward to further discussion this week, 
including on the issues raised in our questions. We congratulate Chinese  Taipei on its successful 
Trade Policy Review.  
BRAZIL 
4.49.   Brazil places great importance on Trade Policy Reviews as they contribute to enhancing 
transparency and predictability for trade stakeholders. The challenges faced by the global economy, 
including the effects of the COVID -19 pandemic, rising inflation,  and geopolitical tensions, make this 
exercise more pertinent than ever, as these challenges significantly impact the way Members enact 
their trade policies and interact with the multilateral trade regime.  
4.50.   As a dynamic and advanced economy, Chinese  Taipei has remained one of the key economic 
players in recent years. Of course, its outward -oriented economic profile makes its performance 
somewhat vulnerable to the ebbs and flows of the global trading environment. In this regard, Brazil 
is pleased to note that , despite the challenges in the world economy, Chinese  Taipei has shown 
resilience and, since its last Trade Policy Review, has maintained a steady, albeit smaller, growth of 
its economy.  
4.51.   In the WTO, Chinese  Taipei plays a pragmatic and positive role, whi ch aligns with the 
importance of international trade for its economy. In this regard, Brazil would like to express its 
appreciation for the role played by Mr  Tang-Kai Wang as the former Chair of the SPS Committee and 
facilitator of the Draft Report for the  Thirteenth Ministerial Conference of the SPS Declaration Work 
Programme.  
4.52.   Brazil would also like to recall it has submitted questions regarding Chinese  Taipei's 
intellectual property regime, as well as its sanitary and phytosanitary regulations, particular ly 
regarding approval procedures. We are grateful for the written responses provided, which will be 
carefully reviewed.  
4.53.   For Brazil, Chinese  Taipei remains a crucial economic partner. In 2022, the trade flow between 
Brazil and Chinese  Taipei reached a total  of USD  4.2 billion, with Brazilian exports totalling 
USD 1.4 billion and imports amounting to USD  2.8 billion.  
4.54.   Business opportunities, legal contract security, and institutional and regulatory stability make 
Brazil quite attractive for foreign investment s. Not surprisingly, Brazil is the second -largest 
destination for Chinese  Taipei investors in Latin  America. Currently, there are approximately 
35 technology companies originating from the customs territory in Brazil, with investments 
exceeding USD  500 million. 
4.55.   These results reflect the dynamism of economic and trade exchanges and the proficiency of 
scientific and technological cooperation established with Chinese  Taipei, in line with Brazil's efforts 
to expand foreign trade.  
4.56.   Overall, however, bilateral inv estment and trade flows are still below their full potential and 
could be further increased in the coming years with the deepening of bilateral relations.  
4.57.   Let me conclude, by wishing the delegation of Chinese  Taipei a successful conclusion to this 
Trade Po licy Review.  
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  AUSTRALIA  
4.58.   Chinese  Taipei is an important trading, investment, and economic partner to Australia.  
4.59.   Chinese  Taipei was Australia's seventh largest two -way goods and services trading partner 
in 2022 and remains a major tourism and education market for Australia. Trade grew by more than 
18% annually over the last five years to reach AUD  42.8 billion. Australia and Chinese  Taipei share 
a diverse investment relationship, which has expanded beyond minerals and fuels to include 
biomedicine, agriculture, financial services, renewable energy, and energy storage.  
4.60.   Australia is committed to working with Chinese  Taipei to respond to climate change, reduce 
emissions,  and support stable and reliable global clean energy. Developing a viable market in green 
hydrogen and hydrogen derivatives will be a key part of the energy transition. Australia is 
Chinese  Taipei's largest energy supplier. Both Australia and Chinese  Taipe i both have an interest in 
supporting critical minerals supply chain diversification, which will be essential to the energy 
transition in both economies.  
4.61.   Chinese  Taipei contributes to an open and inclusive rules -based multilateral trading system 
through ne gotiations and discussions on WTO reform, dispute settlement system reform, trade and 
environment, agriculture, and fisheries subsidies and through its active participation and support in 
committees. We welcome Chinese  Taipei's commitment to the WTO and re cognize that, as a full 
Member of the WTO, it is entitled to the same rights as every other Member, including the right to 
chair any committee.  
4.62.   Like Australia, Chinese  Taipei values compulsory and binding resolution of trade disputes 
between WTO Members. W e also share the priority of having fully functioning dispute settlement 
system by 2024, as agreed by Ministers at MC12. Australia also values Chinese  Taipei's constructive 
engagement in the current informal discussions on dispute settlement reform. To fur ther support 
the rules -based multilateral system, we encourage Chinese  Taipei to join the Multi -Party Interim 
Appeal Arbitration Arrangement as an interim solution while those discussions continue.  
4.63.   Australia further welcomes Chinese  Taipei's active and con structive engagement in the second 
wave of fisheries subsidies negotiations, and we look forward to continuing to work closely with 
Chinese  Taipei as we pursue our shared objective of concluding the negotiations ahead of the 
Abu Dhabi Ministerial Conferenc e. As a major marine capture producer and consumer, we encourage 
Chinese  Taipei to continue its efforts to ratify the WTO  Agreement on Fisheries Subsidies.  
4.64.   Australia appreciates Chinese  Taipei's active participation in WTO joint statement initiatives 
on e-commerce, services domestic regulation, investment facilitation for development, and in the 
Informal Working Group on MSMEs. We welcome its efforts to reinvigorate the Work Programme on 
Electronic Commerce, including to cosponsor and support communications  on the Moratorium on 
Customs Duties on Electronic Transmissions. Recognizing the importance of open, competitive and 
transparent government procurement, Australia looks forward to continuing to work with 
Chinese  Taipei in implementing these principles und er the WTO  Agreement on Government 
Procurement.  
4.65.   Australia looks forward to working with Chinese  Taipei to make the Abu  Dhabi Conference the 
WTO's first genuine Reform Ministerial. We will work together to navigate the significant challenges 
facing the WTO , so that this Organization can continue to underpin economic growth, resilience and 
development into the future.  
UNITED  KINGDOM  
4.66.   Let me begin by welcoming the opportunity to discuss a relationship which is highly valued by 
the United  Kingdom. Our islands m ay be on opposite sides of the world, but we share deep and 
growing ties in a wide range of areas, and a mutual respect for democratic values.  
4.67.   These foundations underpin the significant benefits our relationship has delivered to both the 
United  Kingdom and  Chinese  Taipei economies in recent years, with bilateral trade in 2022 worth 
GBP 8.6 billion. Our ties also overcome Chinese  Taipei's unfortunate eschewal of football and cricket, 
in favour of baseball and basketball, as popular pastimes.  WT/TPR/M/448 • Separate Customs Territory of Taiwan, Penghu, Kinmen and Matsu  
 
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  4.68.   In view of the benefits our trade delivers, I welcome Chinese  Taipei's commitment to continue 
broadening and deepening our trade relationship. Indeed, only yesterday, Deputy Minister Chen was 
in London for our annual Ministerial Trade Talks.  
4.69.   This was in fact the 26th iteration of our annual Trade Talks, which first began back in 1991, 
and I was pleased to hear that they were as productive as ever.  
4.70.   These talks followed the announcement earlier this year of a new "Enhanced Trade 
Partnership" between the United  Kingdom and Chinese  Taipei.  
4.71.   We welcome these opportunities to strengthen our fast -growing economic relationship. 
Investment from Chinese  Taipei to the United  Kingdom reached GBP  42 million from January to 
August this year, up over 250% on last year. We have also seen substantial results in offshore wind, 
with over 40 UK companies now established in Chinese  Taipei, helping to meet ambitious targets for 
renewable energy production and enable the path to net -zero. 
4.72.   We look forward to working closely with Chinese  Taipei to explore further opportunities for 
growth in other sectors, including by making trade and investment easier for British and 
Chinese  Taipei businesses.  
4.73.   The United  Kingdom would particularly welcome progress in tackling some of the key market 
access barriers  companies have faced in recent years. These include addressing the concerns of the 
banking sector over cloud data services, implementing changes to the Managed Entrance Agreement 
process for bringing innovative drugs into Chinese  Taipei, and amending dome stic regulations to 
re-allow the UK's vehicle type approval certificate and testing report. The improvement of ports 
infrastructure, and promotion of skills, health and safety in the offshore wind sector, would be 
similarly welcome.  
4.74.   Let me also thank Chine se Taipei for the progress made on securing market access for UK 
lamb. UK farmers will be delighted with this development, and we look forward to Chinese  Taipei's 
consumers being able to enjoy British lamb in their hot  pots in the near future.  
4.75.   In my capaci ty as co -Chair of the Informal Working Group on Trade and Gender, I also 
wholeheartedly welcome Chinese  Taipei's commitment to provide more opportunities for women in 
decision -making and entrepreneurship, including through its Gender Equality Promotion Pla n. I hope 
to see Chinese  Taipei continue to prioritize its various initiatives to support women in business and 
trade.  
4.76.   Let me turn to Chinese  Taipei's membership of the WTO. We strongly support Chinese  Taipei's 
active and visible participation within the W TO. We especially appreciate the value that 
Chinese  Taipei, as an active trading economy, places on maintaining the stability of the rules -based 
multilateral trading system.  
4.77.   Chinese  Taipei's respect for this system is demonstrated by its constructive enga gement 
across a range of WTO committees and joint initiatives, including on ecommerce and within our 
crucial fisheries subsidies negotiations. We look forward to working together with Chinese  Taipei and 
other Members to help conclude an ambitious Fisheries  Agreement next month, well ahead of MC13.  
4.78.   Let me also take this opportunity to express the United  Kingdom's full support for 
Chinese  Taipei's use of WTO mechanisms to ensure that its trade remains free and unrestricted. 
Chinese  Taipei is a full Member of  the WTO, and as such enjoys the same rights and obligations as 
any other Member.  
4.79.   So, it deserves to be able to engage as actively and fully as it wishes to within the WTO, 
including through the chairing of committees. We will continue to oppose any effor ts by other 
Members to restrict its participation, and reiterate our full support for its active engagement within 
this Organization.  
4.80.   Indeed, Chinese  Taipei is an increasingly crucial component within the modern global 
economy, holding deep expertise on te chnology which is defining the future. Chinese  Taipei's firms WT/TPR/M/448 • Separate Customs Territory of Taiwan, Penghu, Kinmen and Matsu  
 
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  are now world leaders in high -tech manufacturing and at the centre of global technology supply 
chains.  
4.81.   We would therefore like to thank the Chair and Discussant for facilitating this opportunity  to 
draw on Chinese  Taipei's expertise, thank Chinese  Taipei for its constructive answers to our 
advanced written questions, and wish Chinese  Taipei a successful Trade Policy Review.  
EUROPEAN  UNION   
4.82.   On behalf of the European  Union, I would like to extend a very warm welcome to the 
Delegation of the Separate Customs Territory of Taiwan, Penghu, Kinmen and Matsu, led by 
Deputy  Minister Mr  Chen Chern -Chyi (Ministry of Economic Affairs). I was privileged to be invited to 
Chinese  Taipei as part of the Visitors Programme and I would like to use this opportunity to thank 
Chinese  Taipei for its hospitality. Let me extend my appreciation to the discussant, Ambas sador 
H.E. Raúl Cano Ricciardi (Paraguay) for his insightful comments, and to the WTO Secretariat and 
Chinese  Taipei for their respective reports which form a very good basis for discussion.  
4.83.   Like others have said before me, Chinese  Taipei enjoys full and e qual rights and obligations 
of a WTO Member, including the right to chair committees, and is a close and strategic partner of 
the EU. This partnership is based on shared values and principles such as democracy, the freedom 
of expression, the rule of law, t he protection of human rights, good governance, multilateralism and 
open market economies. Chinese  Taipei's per  capita income 50  years ago was that of a low -income 
developing country . Since then, it has succeeded in becoming one of the world's most success ful 
and vibrant economies with a world class high -tech sector on the back of sound government policy, 
a highly dedicated and inspirational workforce, and openness to the outside world. Twenty years 
ago, we called Hong  Kong,  China; Singapore; and Chinese  Taipei the Asian tigers. I remember 
working for a Commissioner who suggested that we should no longer refer to these three as 
emerging markets but call them the emerged markets instead, thanks to their successful economic 
policies.  
4.84.   These values have also co ntributed to making the EU Chinese  Taipei's fourth largest trading 
partner and have made the EU Chinese  Taipei's largest foreign investor. The EU accounted for  36.3% 
of inbound FDI in 2022, with a cumulative stock of EUR  52 billion. Chinese  Taipei has also  secured 
a key role in global and regional supply chains, especially in information technology products, such 
as semiconductors.  
4.85.   The EU and Chinese  Taipei continue to strengthen this partnership through our annual 
dialogues on trade and investment, as wel l as through events bringing together our businesses. This 
year we hosted both the European Innovation Week and the European Investment Forum in 
Chinese  Taipei. We are grateful for Chinese  Taipei's support in carrying out these events, and we 
look forward to continuing to strengthen the trade and investment links between our two economies 
in concrete ways.  
4.86.   Moreover, we welcome Chinese  Taipei's own efforts at diversifying its economy, for example 
through its New Southbound Policy. We have recently seen an in crease in investments in the EU 
from Chinese  Taipei. Given Chinese  Taipei's system of screening foreign investments, both inward 
and outward, some of our questions touch on these issues.  
4.87.   Other questions relate to areas where our exporters and investors co ntinue to face a few 
issues, and where we believe Chinese  Taipei can and ought to do a little bit more in accordance with 
its WTO obligations. This concerns, in particular, sanitary and phytosanitary (SPS) measures and 
offshore wind power investments.  
4.88.   In the area of SPS, the EU in particular seeks answers regarding the duplicative procedures 
that Chinese  Taipei applies even when EU member States have already been recognized as free of 
certain diseases by the World Organization of Animal Health (WOAH). These  complex procedures 
cause concern to EU businesses and disrupt EU meat exports. The EU thus kindly urges 
Chinese  Taipei to align with international standards in this area and to speed up its review of pending 
applications. Other important questions in this  area relate to regionali zation.  WT/TPR/M/448 • Separate Customs Territory of Taiwan, Penghu, Kinmen and Matsu  
 
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  4.89.   On offshore wind, the European  Union has conveyed some concerns by the multiple instances 
of local content requirements that Chinese  Taipei continues to maintain. The EU has asked for 
clarifications on whether Chinese  Taipei is considering any further changes as such local content 
requirements appear to be inconsistent with WTO rules.  
4.90.   Since the last TPR of Chinese  Taipei in 2018, the global economy has faced new challenges, 
emergencies and threats. In this context, maintain ing and reinforcing the rules -based multilateral 
trading system has become even more important. The EU therefore highly appreciates 
Chinese  Taipei's commitment to the WTO and its active role in the WTO reform work.  
4.91.   We welcome Chinese  Taipei's participatio n in the successful outcome of the fisheries 
negotiations at MC12 and underlines the importance of finalizing its ratification of the agreement as 
soon as possible. In the context of the ongoing phase  2 negotiations, the EU recalls that 
Chinese  Taipei stat ed in its last TPR that it would not claim the special and differential treatment in 
WTO negotiations.  
4.92.   I would also like to extend an invitation to Chinese  Taipei to join the Multi -Party Interim Appeal 
Arbitration Arrangement (MPIA).  
4.93.   The EU also welcomes,  Chinese  Taipei's active role in the e -commerce Work Programme, as 
well as its contributions to the various joint statement initiatives, including on e -commerce, domestic 
regulation and investment facilitation. Moreover, Chinese  Taipei's work in the contex t of the MSME 
initiative and the Trade and Environmental Sustainability Structured Discussion (TESSD) initiative is 
very much appreciated.  
4.94.   Finally, we would like to thank Chinese  Taipei for the responses to the questions we have 
previously submitted in wr iting.  
4.95.   On behalf of the European  Union, I wish the delegation of Chinese  Taipei the utmost success 
during its Trade Policy Review.  
JAPAN  
4.96.   Japan extends a warm welcome to today 's Trade Policy Review Mr  Chen Chern -Chyi, Deputy 
Minister of Economic Affairs an d his delegation. We would like to express our appreciation to the 
WTO Secretariat and the Separate Customs Territory of Taiwan, Penghu, Kinmen and Matsu for the 
respective reports prepared for today 's Review. We also thank Ambassador Cano Ricciardi for hi s 
insightful remarks as the discussant.  
4.97.   We would like to commend, as introduced by the Secretariat's Report, the strong economic 
performance of Chinese  Taipei, expanding steadily during this review period, when GDP growth in 
many countries turned negative due to the COVID -19 pandemic.  
4.98.   I would like to highlight some recent developments between Chinese  Taipei and Japan.  
4.99.   Chinese  Taipei is an extremely important partner and valued friend to Japan, sharing 
fundamental values as well as having close econ omic relations and deep people -to-people 
exchanges. On the economic relations, our counterpart exchange associations have held various 
discussions on the direction of comprehensive trade and investment development, as well as specific 
issues through variou s frameworks, including the Trade and Economic Conference, the Third Market 
Cooperation Committee and the Economic Partnership Committee. We hope that these frameworks 
will help to further expand cooperation and exchange between us.  
4.100.   Chinese  Taipei is a ver y important trading partner for Japan. In 2022, the trade volume was 
USD 88 billion; Japan is the fourth  largest exporter to Chinese  Taipei and Chinese  Taipei is the sixth 
largest exporter to Japan. Japan appreciates the mutually prosperous trade relations  that we share 
with Chinese  Taipei, where exports of Chinese  Taipei and Japan to each other, mutually contribute, 
in the respective value chains, leading to final exports to third parties outside.  WT/TPR/M/448 • Separate Customs Territory of Taiwan, Penghu, Kinmen and Matsu  
 
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  4.101.   Currently, more than 1,500  Japanese companies have operatio ns in Chinese  Taipei; this 
number in on the increase in the past several years ; Chinese  Taipei is the ninth major destination 
of overseas operation of Japanese business.  
4.102.   We would like to touch upon Chinese  Taipei's remarkable participation and contribution s at 
the WTO.  
4.103.   Japan appreciates Chinese  Taipei's contribution to the strengthening of the rules -based 
multilateral trading system, since its accession to the WTO in 2002. Vis-à-vis transparency, 
Chinese  Taipei's notifications record is strong; it is commen ded for having implemented its 
notifications in most areas. Since its last TPR, many Committees including the Committee on Rules 
of Origin in 2019, the Committee on Import Licensing in 2021, the Committee on Sanitary and 
Phytosanitary Measures last year an d the TRIMs Committee this year have been chaired by excellent 
colleagues of Chinese  Taipei.  
4.104.   Japan also acknowledges Chinese  Taipei's active participation in negotiations such as 
fisheries subsidies, trade and public health and WTO reform, including dispu te settlement reforms. 
With regard to fisheries subsidies, Japan commends Chinese  Taipei for the initiation of acceptance 
procedures. We also commend Chinese  Taipei's active participation in the joint statement initiatives 
including e -commerce, services do mestic regulation, investment facilitation and MSMEs. Japan 
continues to support Chinese  Taipei's full participation in the WTO.  
4.105.   In alignment with Japan, we appreciate our close cooperation with Chinese  Taipei's in the 
Group of net food -importing Members i n agricultural negotiations (G10), as well as our cooperation 
in the area of WTO dispute settlement.  
4.106.   We hope to continue working closely and productively with Chinese  Taipei at the WTO for 
the enhancement of the multilateral trading system. Japan wishes a successful and fruitful Trade 
Policy Review for Chinese  Taipei.  
SINGAPORE  
4.107.   Let me begin by extending a very warm welcome to the delegation from Chinese  Taipei. 
I would like to express our appreciation to Chinese  Taipei for the comprehensive Report and 
statement, as well as the Secretariat for its detailed Report.  
4.108.   Allow me to mak e three points. First, Singapore and Chinese  Taipei enjoy robust and thriving 
economic relations that span a wide range of sectors from banking to high -tech manufacturing, from 
food manufacturing to retail. In 2022, Chinese  Taipei was Singapore's fourth la rgest trading partner, 
with bilateral trade amounting to USD  83 billion, representing a 75% increase from the last TPR 
in 2018. Our bilateral investments have grown steadily with Singapore companies cumulatively 
investing USD  6 billion in Chinese  Taipei as  of the end of 2021, thereby making Chinese  Taipei our 
12th largest investment destination in Asia. Chinese  Taipei has also made significant investments in 
Singapore, with a cumulative total of USD  24.5 billion, which represents a 55% increase from 2020. 
Our businesses also jointly collaborate and explore market opportunities through the Singapore 
Business Federation (SBF) and Chinese International Economic Cooperation Association (CIECA).  
4.109.   The Agreement between Singapore and the Separate Customs Territory o f Taiwan, Penghu, 
Kinmen and Matsu on Economic Partnership (ASTEP), which entered into force in 2014, continues to 
anchor Singapore's economic relations with Chinese  Taipei. The ASTEP provides businesses with a 
stable and predictable operating environment,  preferential tariff access for our exporters, and 
improved market access for services providers. The ASTEP will continue to enhance the strong ties 
between our business communities.  
4.110.   Second, as noted in both reports, Singapore welcomes Chinese  Taipei's ef forts to develop its 
digital economy and implement digital transformation and innovation, which will strengthen the 
competitiveness of its existing industries and drive economic growth. In addition, Singapore 
welcomes Chinese  Taipei's sharper focus on incl usive and sustainable development, to address 
climate change and promote social inclusivity, such as through its Pathway to net -zero emissions 
in 2050 and Women Entrepreneurship Program. As the digital and green economies will remain 
important drivers of t he global economic recovery, we encourage these progressive efforts and look WT/TPR/M/448 • Separate Customs Territory of Taiwan, Penghu, Kinmen and Matsu  
 
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  forward to exchanging further insight and exploring new opportunities for collaboration in these 
areas.  
4.111.   Third, Singapore appreciates Chinese  Taipei's active and constructive role at the WTO. Apart 
from its chairing of various committees, including as the current Chair of the Committee on 
Trade -Related Investment Measures (TRIMs), Chinese  Taipei has played an active role at the Joint 
Statement Initiative (JSI) on E -Commerce which Si ngapore co -convenes with Australia and Japan. 
Lastly, I wish to commend Chinese  Taipei for commencing domestic ratification of the 
WTO Agreement on Fisheries Subsidies, and look forward to its early completion.  
4.112.   In closing, Singapore will continue to work c losely with Chinese  Taipei and its Mission to the 
WTO led by Permanent Representative Dr  Lo Chang -Fa, to support the rules -based multilateral 
trading system, and we wish Chinese  Taipei every success in its fifth  Trade Policy Review.  
UKRAINE  
4.113.   On behalf of th e delegation of Ukraine, I would like to welcome the distinguished delegation 
of the Separate Customs Territory of Taiwan, Penghu, Kinmen and Matsu and express our 
appreciation to its team and the WTO Secretariat for their work in preparing this Trade Poli cy Review. 
Participation in this event offers us a good opportunity to gain a better understanding of 
Chinese  Taipei's trade, investment and economic policy developments since the previous Review 
in 2018.  
4.114.   Ukraine appreciates resilient economic performance,  demonstrated by Chinese  Taipei during 
the period under review, notwithstanding the polycrisis challenges, COVID -19 pandemic, and 
changing global environment.  
4.115.   Manufacturing remains a pillar of Chinese  Taipei's economy. We note positively the 
deepening of C hinese  Taipei's participation in global value chains. That is particularly manifested in 
the manufacturing of electronic parts and components, where there are strong competitive 
advantages and knowledge -based orientation. In this regard, we note that Chine se Taipei's trade 
patterns have not changed substantially since the previous Review in 2018. The institutional 
framework for trade policy formulation and implementation has remained also broadly unchanged, 
but new participatory approaches to policy develop ment have been adopted. To this end, we 
welcome Chinese  Taipei's first Action Plan (2021 -2024), aimed at promoting transparency, 
accountability, participation, and inclusion.  
4.116.   Both Chinese  Taipei and Ukraine place great importance on trade, considering it a s the 
critical tool to develop economy, industrialize, promote innovation, strengthen supply chain 
resiliency, and attract investments. Ukraine shares Chinese  Taipei's view on the significance of the 
WTO reform agenda. Both Members remain the firm supporte rs of a rules -based multilateral trading 
system, as embodied by the WTO, and are committed to safeguarding a transparent and predictable 
trade and investment environment.  
4.117.   We appreciate Chinese  Taipei's active contribution to the WTO, engagement in numerou s 
negotiations within the Organization on agriculture and fisheries subsidies, trade and public health, 
electronic commerce, its participation in various joint statement initiatives and in the Informal 
Working Group on MSMEs. Chinese  Taipei maintains a str ong record of notifications at the WTO. 
Ukraine welcomes the Chinese  Taipei's support of the Ministerial Declaration on the Emergency 
Response to Food Insecurity and relevant resolutions to address global food security challenges. We 
are ready to continue our effective partnership within the WTO bodies to promote further the global 
food security agenda.  
4.118.   Our bilateral trade had been continuously growing until 2021 despite implications of the 
COVID -19 pandemic. It increased by 42.9% in 2021 amounting to USD  406.4 million comparing to 
USD 284.4  million in 2020. Last year, after Russian military invasion of Ukraine and its unprovoked 
and unjustified war of aggression against my country,  the volume of mutual trade in goods and 
services between Ukraine and Chinese  Taipei fell by 22.9% and amounted to USD  313.4  million. We 
believe that our bilateral trade can withstand the existing polycrisis challenges  such as the Russian 
war. Ukraine welcomes the Chinese  Taipei's decision of August  2023 to suspend further the 
imposition of anti -dumping duty on carbon steel plates originating from Ukraine. This is a sign of WT/TPR/M/448 • Separate Customs Territory of Taiwan, Penghu, Kinmen and Matsu  
 
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  trust and understanding of our difficult situation  caused by the Russian war . We are confident that 
there are many opportunities ahead of us for expanding our bilateral trade and economic 
cooperation, in particular in such sectors as agriculture and high -tech industries.  
4.119.   Chinese  Taipei is an advanced, outward -oriented economy whose performance remains 
strongly influenced by the global trading envi ronment. As a global leader in electronic integrated 
circuits with a world -leading semiconductor industry, Chinese  Taipei occupies a critical position in 
most global supply chains and its economic performance benefits from strong global demand for 
electron ic parts and components. That is why we welcome the steps taken by Chinese  Taipei to 
strengthen its export controls over sensitive technologies and products to prevent them falling even 
inadvertently into the hands of rogue states and organizations under i nternational sanctions and call 
upon the Separate Customs Territory of Taiwan, Penghu, Kinmen and Matsu to continue vigorously 
this course of actions.  
4.120.   Given the importance of this trade policy review exercise, we submitted questions to the 
Separate Customs  Territory of Taiwan, Penghu, Kinmen and Matsu concerning its experience in 
cooperation with stakeholders while developing trade policy, current RTAs negotiations, possibility 
of granting a preferential treatment to imports of agricultural products, review  process with regard 
to compliance by the Chinese  Taipei's IP regime with the CPTPP provisions, aid and stimulus 
measures to stabilize the economic growth. We are also interested in such issues as simplification 
of requirements for incoming foreign investm ents, introduction of new digital technologies, operation 
of electronic payment institutions. We are thankful for the answers already provided by the 
Chinese  Taipei on many of our questions.   
4.121.   In conclusion, Ukraine would like to wish the Separate Customs Territory of Taiwan, Penghu, 
Kinmen and Matsu a very successful fifth Trade Policy Review and is ready to contribute 
constructively to this end.  
INDIA  
4.122.   My delegation extends a warm welcome to the delegation of the Separate Customs Territory 
of Taiwan, Pengh u, Kinmen and Matsu led by Deputy Minister Chen  Chern -Chyi for their fifth TPR. 
I also thank the Geneva team led by P ermanent Representative  to WTO, Dr  Chang -Fa Lo and the 
Secretariat for their excellent reports prepared for the Review and thank the discus sant, 
H.E. Ambassador Ra úl Cano Ricciardi of Paraguay for his assessment.  
4.123.   We take note that during the period under review for 2018 -2022, the GDP of Separate 
Customs Territory of Taiwan, Penghu, Kinmen and Matsu continued to grow up to 6.53% with an 
averag e annual growth rate of 3.6% and has remained one of the most competitive economies with 
a high per  capita GDP and high living standards. The high level of integration in the global supply 
chain also is reflected by the high ratio of its trade to GDP at ar ound 120% towards increased 
worldwide demand for semiconductors, electronics, and ICT products, among others, which are also 
its major exports.  
4.124.   The challenges for the economy include labour shortage, need to diversify economy away 
from over reliance on a few markets, and other geopolitical risks. We laud the efforts and measures 
taken to keep the economy on the path of growth, such as new South -bound policy, and orient the 
trade driven economy to maintain competitiveness by introducing trade -related struct ural reforms 
and other measures. India's trade and investment relationship with the Separate Customs Territory 
of Taiwan, Penghu, Kinmen and Matsu is marked by vibrancy and optimism. India's trade with the 
Separate Customs Territory of Taiwan, Penghu, Kinm en and Matsu has continued to grow despite 
economic headwinds and stood at USD  10.9 billion in FY 2020 -23 up from USD  7.2 billion in 
2018-19.  
4.125.   There remains huge scope to promote bilateral trade in areas such as engineering goods, 
organic and inorganic che micals, mineral fuels, advanced machinery, agricultur al products, marine 
products, textiles, automobiles, pharmaceuticals. Several companies from the Separate Customs 
Territory of Taiwan, Penghu, Kinmen and Matsu have also invested in projects in India in recent 
years, with 70% of overall investment till date occurred during the said 2018 -2022 period. There is 
considerable potential to further increase investment in areas including semiconductors, electronic 
supply chain, footwear manufacturing, electric ve hicles, food processing, textiles, among others.  WT/TPR/M/448 • Separate Customs Territory of Taiwan, Penghu, Kinmen and Matsu  
 
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  4.126.   While trade ties have flourished between us, there remain some specific issues and concerns 
which affect the vast underlying potential of our trade relations. The stringent sanitary and 
phytosanitary measur es and entry standards, as well as lack of market access are impacting the 
trade of Indian agricultural products such as fruits and vegetables, tea, meat, and so on. The 
complex regulatory procedures also affect exports of Indian pharmaceuticals, chemicals , and other 
products.  
4.127.   To better understand the econom ic and trade policies of the period under review, we have 
submitted questions to the delegation and w ould review the answers. The questions raised by us 
cover a vast array of topics related to standards  and technical requirements, etc., clarifications 
regarding the IP regime and policies, subsidies measures and policies impacting the services sector, 
agriculture, digital technology, and investment sectors.  
4.128.   Finally, we look forward to working closely wit h the Separate Customs Territory of Taiwan, 
Penghu, Kinmen, and Matsu for further expanding and harnessing the potential of our trade and 
investment ties for our mutual benefit and wish them a productive Trade Policy Review.  
GUATEMALA  
4.129.   On behalf of Guatema la, we would like to extend a warm welcome to the Chinese  Taipei 
delegation, led by Mr  Chen Chern -Chyi, Deputy Minister of Economic Affairs, as well as the team 
from the Permanent Mission in Geneva, led by Mr  Chang -Fa Lo, Permanent Representative to the 
World Trade Organization (WTO).  
4.130.   I would like to take this opportunity to express my sincere gratitude for his introductory 
remarks, as well as to the WTO Secretariat for its Report and to Ambassador Raúl  Cano Ricciardi, 
Permanent Repr esentative of Paraguay to the WTO, who, as discussant, has provided us with a 
detailed analysis of Chinese  Taipei's progress, achievements and challenges in its trade policies 
during the review period.  
4.131.   According to the Report submitted by the Secretariat, it is clear that the Chinese  Taipei 
economy has managed to maintain a positive balance in various macroeconomic areas since its last 
Trade Policy Review, thanks to the implementation of positive measures for economic growth.  
4.132.   Chinese  Taipei has  continued to implement programmes to foster investment and 
production, which include tax deductions, subsidies for agriculture, forestry and industry, and 
initiatives to support research and development (R&D). In addition, it has provided comprehensive 
support to the innovation and development sector, facilitating access to credit and supporting small 
and medium -sized enterprises, which continue to be of high importance to the economy in terms of 
their contribution to exports of goods and services and wome n's economic empowerment.  
4.133.   Manufactured products, especially machinery, remain the main driver of exports and 
imports, and are crucial to Chinese  Taipei 's economic development, constituting 34.2% of GDP.  
4.134.   Trade in services accounted for 57.8% of GDP and 60% of employment in 2022. It is 
noteworthy that after registering a declining deficit in the services account, Chinese Taipei posted 
an economic surplus from 2020 onwards.  
4.135.   Chinese  Taipei's economic growth continues to be buoyed by its financial system, which plays 
a key role and has been significantly developed and strengthened. One should note the diversity of 
financial products and services offered, covering areas such as banking, insurance, asset 
management and capital markets.  
4.136.   In the area of intellectual p roperty, Chinese  Taipei has continued to strengthen its framework 
for protecting technological innovations and intellectual property rights, as part of its overall effort 
to promote high -technology industries and attract foreign direct investment (FDI). Du ring the review 
period, there were a number of amendments to the legislation, some of which were aimed at aligning 
Chinese  Taipei's legislation with the provisions of the Comprehensive and Progressive Agreement for 
Trans -Pacific Partnership (CPTPP). Overal l, the purpose of these amendments has been to streamline 
the intellectual property rights legal regime and adapt it to a constantly changing environment.  WT/TPR/M/448 • Separate Customs Territory of Taiwan, Penghu, Kinmen and Matsu  
 
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  4.137.   Concerning relations between Guatemala and Chinese  Taipei, it should be noted that 
1 July 2023 marked  17 years since the entry into force of the Free Trade Agreement between 
Guatemala and Chinese  Taipei, which has contributed to strengthening our trade relations.  
4.138.   In 2022, Guatemala ranked 54th and 67th out of Chinese  Taipei's trading partners for exports 
and imports respectively. In the same year, Chinese  Taipei was Guatemala's 19th most important 
trading partner for exports and 21st for imports. Guatemala's main exports to Chinese  Taipei, in 
order of importance, are sugar, coffee, shrimp and prawns, waste and scrap of cast iron, natural 
rubber, unmanufactured tobacco and leather articles. The main goods that Guatemala imports from 
Chinese  Taipei include miscellaneous chemical products; plastics and plastic products; vehicles and 
transport equi pment; machines and mechanical apparatus for electro -technical use; and diesel.  
4.139.   In conclusion, Guatemala wishes Chinese  Taipei continued success in the implementation of 
its economic and trade policies, as well as sustainable economic growth and developmen t.  
4.140.   We welcome the replies to our questions, which we will forward to our capital for analysis 
and comment. We wish the Chinese  Taipei delegation a successful conclusion to this Trade Policy 
Review.  
ARGENTINA  
4.141.   We commend Chinese  Taipei for its determination  to preserve a transparent and predictable 
trading and investment environment. In addition, as recognized in the Secretariat's Report, 
Chinese  Taipei was actively involved in WTO discussions and initiatives during the review period, 
such as those relating to WTO reform and the joint initiative on e -commerce, and maintains a strong 
notification record in the Organization.  
4.142.   I would like to refer to  trade between Argentina and Chinese  Taipei, which increased 
significantly in 2022 from USD  700 million in 2021 to  almost USD  900 million in 2022, a 
year-on-year increase of 23.21%.  
4.143.   In the first half of 2023, imports from Argentina, which mainly comprised plant products, 
grains, edible oils and dairy products, totalled USD  124 million, down 65% compared to the same 
period in 2022.  
4.144.   Chinese  Taipei's exports to Argentina totalled USD  97 million. The main exports were 
machinery and mechanical appliances and parts thereof; plastics and rubber and products thereof; 
and base metals and articles of base metal. In that regard, imports were down 29% from the 
previous period.  
4.145.   Argentina wishes to point out that it is currently negotiating conditions for access to the 
Chinese  Taipei market for the following products: blueberries, ornamental birds from areas free from 
highly pathogen ic avian influenza, and sesame seeds. In this regard, we hope to move forward 
successfully with the information exchange process and the meeting of access requirements.  
4.146.   Lastly, we are grateful for the opportunity to share thoughts on Chinese  Taipei's trad e policy 
within the framework of this WTO transparency mechanism.  
4.147.   Argentina contributed to this exercise by submitting questions, and we appreciate the replies 
from Chinese  Taipei.  
4.148.   Lastly, we wish Chinese  Taipei a successful Trade Policy Review.  
PARAGUAY  
4.149.   First, Paraguay wishes to extend the warmest of welcomes to the Chinese  Taipei delegation, 
led by the Deputy Minister of Economic Affairs, Mr  Chen Chern -Chyi, and to the Permanent 
Representative to the WTO, Dr  Chang -Fa Lo, and his team in Geneva.   WT/TPR/M/448 • Separate Customs Territory of Taiwan, Penghu, Kinmen and Matsu  
 
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  4.150.   We would also like to extend our thanks to Ambassador Saqer  Abdullah  Almoqbel 
(Kingdom  of Saudi  Arabia), Chair of the Trade Policy Review Body, as well as to the WTO Secretariat 
for its comprehensive reports prepared for this Review.  
4.151.   As outlined in the Report, Chinese  Taipei is an advanced economy highly oriented towards 
global trade, excelling in services, manufacturing and, especially, integrated electronics. We 
commend its authorities for the resilience demonstrated during the COVID -19 pandemic and for  
showing strategic vision in taking advantage of the high demand for electronic components and IT 
products and boosting the manufacture of such products to meet the demand.  
4.152.   Regarding policies, we commend the participatory approach taken in the development  of 
trade policy, which places emphasis on transparency, accountability and collaboration with civil 
society.  
4.153.   Similarly, we agree that strong support for SMEs and environmental protection are of the 
utmost importance.  
4.154.   I wish to draw attention to Paraguay 's excellent relations with Chinese  Taipei, in which we 
have promoted strong economic, political, cultural and academic cooperation.  
4.155.   We cannot fail to mention that Paraguay and Chinese  Taipei have entered into significant 
economic arrangements, such as an agreement establishing a mutual investment guarantee; an 
agreement to prevent double taxation and tax evasion with regard to income tax; an agreement on 
economic cooperation; and a 2023  memorandum of understanding on the mutual recognition of 
organic agricultural production systems between the National Plant and Seed Quality and Health 
Service of Paraguay (SENAVE) and the Agriculture and Food Agency under the Council of Agriculture 
of the executive branch . 
4.156.   We would like to point out that during the period 2018 -2022, trade with Chinese  Taipei has 
resulted in a positive balance for Paraguay.  
4.157.   Exports to Chinese  Taipei grew by 504% over the period, rising from USD  36 million in 2018 
to USD 221 million in 2022, with average annual growth of 59%.  
4.158.   Imports from Chinese  Taipei grew by 12% over the same period, rising from USD  34 million 
in 2018 to USD  38 million in 2022.  
4.159.   The main products exported from Paraguay to Chinese  Taipei are cereals and oilseeds, meat, 
various foodstuffs and charcoal.  
4.160.   In the last five years, beef accounted for 93% of all exports to Chinese  Taipei. Between 2018 
and 2022, meat exports to Chinese  Taipei increased by 495%.  
4.161.   However, we believe that there is room for impro vement in terms of securing better tariff 
conditions for frozen pork, for which a 12.5% entry tariff has been fixed, given that, for logistical 
reasons owing to its being a landlocked developing country, Paraguay exports only frozen meat.  
4.162.   Turning to source s of foreign direct investment in Paraguay, Chinese  Taipei ranks 32nd with 
USD 5.1 million.  
4.163.   We are pleased that Paraguay has maintained strong ties with Chinese  Taipei in terms of 
cultural and technological exchange. In this regard, we would like to highli ght the establishment of 
the Taiwan -Paraguay Polytechnic University (UPTP) in 2018.  
4.164.   The University is a higher education institution that is nationally and internationally renowned 
for its academic quality and innovation. This status has been achieved thr ough the application of 
theoretical and practical knowledge, accredited academic programmes, and cutting -edge educational 
technology that meets the expectations of society and young Paraguayan entrepreneurs who want 
to make an effective entry into the labo ur market. The courses follow educational plans used in 
highly prestigious universities in Chinese  Taipei, and the teaching faculty comprise professors from 
Chinese  Taipei with experience in disciplines related mainly to engineering.  WT/TPR/M/448 • Separate Customs Territory of Taiwan, Penghu, Kinmen and Matsu  
 
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  4.165.   So far, 321 Paraguaya n students have been offered scholarships to study in Chinese  Taipei; 
224 of the scholarships have been offered by MOFA, and 97 by the UPTP.  
4.166.   At the WTO, we appreciate the support Chinese Taipei lends to the multilateral trading 
system and would like to hig hlight its delegation's contributions to the work in the SPS Committee 
during its chairpersonship, as well as its leadership on issues related to joint initiatives on 
e-commerce, investment facilitation, and the Informal Working Group on MSMEs.  
4.167.   On behalf of Paraguay, I wish to once again congratulate those leading this review and 
Chinese  Taipei for its ever active participation in and contribution to the work of this Organization.  
JORDAN  
4.168.   Allow me to extend a warm welcome to the delegation of Chinese  Taipei, on the occasion of 
its fifth  Trade Policy Review, and to commend the good work that the Permanent Representative of 
Chinese  Taipei to the WTO and his great team are delivering in Geneva.  
4.169.   Our appreciation is also extended to the discussant for his insightful remarks, and the 
Secretariat for the informative report, which provides a comprehensive view of the main 
developments in the Chinese  Taipei trade regime for the period under review.  
4.170.   During the review period, Chinese  Taipei kept its ongoing effor ts to liberalize its economy 
and eliminate barriers to trade by supporting a rules -based multilateral system.  
4.171.   Chinese  Taipei also demonstrated resilient economic performance and production, which is 
observed in many economic indicators in the reports, espe cially its positive growth in both GNI, and 
overall trade, in spite of the challenges posed by the COVID -19 pandemic.  
4.172.   My delegation would like to express our sincere thanks to Chinese  Taipei for active engaging 
in the WTO negotiations, and we wish Chinese  Taipei all prosperity and a successful Trade Policy 
Review.  
CANADA  
4.173.   I would like to begin by extending a warm welcome to the delegation from Chinese  Taipei, 
led by Mr  Chen Chern -Chyi, on the occasion of its fifth Trade Policy Review.  
4.174.   Canada and Chinese  Taipei share a deep and enduring partnership. This partnership is 
strengthened by a growing trade and economic relationship shaped by shared values, including 
upholding the rules -based international order and multilateral trading system, enhancing resilient 
supply chains, and fostering inclusion in our respective economies. We note that as a full Member, 
Chinese  Taipei enjoys all the rights and obligations as any other Member of the WTO.  
4.175.   Canada looks forward to continued engagement with Chinese  Taipei to furthe r these shared 
priorities, reinforce robust business -to-business ties, and facilitate science, technology, and 
innovation collaboration. We will also continue to work together to create better conditions for 
investors of all sizes and sectors in Canada and  Chinese  Taipei. One of the most important steps in 
this regard was the completion just last month of negotiations on a foreign investment promotion 
and protection arrangement between us.  
4.176.   We would like to highlight two notable recent developments in Chines e Taipei. Firstly, it has 
demonstrated a commitment to addressing climate change by setting a formal goal to achieve 
net-zero emissions by 2050. Its green energy transition will see an increase in renewable sources of 
energy through guaranteed feed -in tari ffs and regulations for large industrial consumers. In addition, 
Chinese  Taipei has been supporting offshore wind -power generation. In this context, we note that 
Chinese  Taipei has experienced a recent influx of green energy investments, which includes 
Canadian investors.  
4.177.   Secondly, we applaud the important steps that Chinese  Taipei has taken to promote social 
inclusivity as part of its economic development. This is especially evident in its Women's 
Empowerment Program, which since 2013 has provided credit guarantees and entrepreneurial WT/TPR/M/448 • Separate Customs Territory of Taiwan, Penghu, Kinmen and Matsu  
 
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  support systems that have helped more than 10,000 women entrepreneurs start new businesses. 
Canada is also pleased to note that Chinese  Taipei shares Canada's interests in inclusive trade 
beyond gender by participating with u s, alongside New  Zealand and Australia, in the Indigenous 
Peoples Economic and Trade Cooperation Arrangement which aims to ensure that Indigenous 
Peoples in our economies can also benefit from and participate more in trade.  
4.178.   Canada strongly  appreciates Chi nese Taipei's commitment to multilateralism and a 
rules-based trading system with the WTO at its core. We observe that not only is Chinese  Taipei an 
active participant in WTO discussions across the board but is also a participant in a number of 
additional plurilateral agreements.  
4.179.   Canada is a strong supporter of JSIs, which have allowed Members at all levels of 
development to achieve important progress on key issues. Accordingly, we note with appreciation 
that Chinese  Taipei is an active participant in the J oint Initiative on Electronic Commerce, the Joint 
Initiative on Services Domestic Regulation, and the Joint Initiative on Investment Facilitation for 
Development. We welcome Chinese  Taipei's involvement in the informal working group on MSMEs, 
and especiall y welcome its participation in the Trade and Environmental Sustainability Structured 
Discussions (TESSD), which is co -convened by Costa  Rica and Canada.  
4.180.   We note that Chinese  Taipei has made use of the WTO dispute settlement mechanism. In 
this regard, we wo uld encourage Chinese  Taipei to consider joining other Members who have joined 
the Multi -party Interim Appeal Arbitration Arrangement, which has proven to be an effective 
mechanism.  
4.181.   Transparency via notifications is a key commitment for all WTO Members. We  applaud 
Chinese  Taipei's excellent record in this regard, including notifying its preferential treatment to 
services and service providers of least developed countries.  
4.182.   We are encouraged that Chinese  Taipei has begun the process of ratifying the Fisheries 
Subsidies Agreement and were delighted to hear that it aims to complete this process prior to MC13.  
4.183.   As we move forward to the 13th Ministerial Conference, we will continue to work with 
Chinese  Taipei to help make this Ministerial Conference a success.  
PANAM A 
4.184.   The trade relationship between Panama and Chinese  Taipei is governed by a new -generation 
Free Trade Agreement, which entered into force on 4  December  2003. The FTA covers, in addition 
to trade in goods, technical barriers to trade, services, investment, competition policies, intellectual 
property and administrative and institutional policies.  
4.185.   Panama's main exports to Chinese Taipei are shrimp and coffee. The main  products imported 
from Chinese Taipei into Panama are small electric motors and medicines.  
4.186.   The merchandise trade balance from 2022 to June  2023 was USD  174,902,285 in favour of 
Panama. Exports to Chinese  Taipei in 2022 increased by 114% compared to 2021.  
4.187.   According to Panama Canal Authority statistics, in terms of flow of cargo in long tonnes, 
Chinese  Taipei is ranked 13th for the 2022 fiscal year.  
4.188.   The Report by the Secretariat shows that since the last Review, the institutional framework 
for trade policy formulation and implementation has remained broadly unchanged, but new 
participatory approaches to policy development have been adopted. Chinese  Taipei's first Action Plan 
(2021 -2024), aimed at promoting transparency, accountability, participation, and inc lusion 
emphasizes the importance of cooperating with civil society and of making relevant information 
available to the public, as required by law.  
4.189.   As a knowledge -based economy that relies on high -tech industries and foreign direct 
investment (FDI), Chines e Taipei has continued to strengthen its framework for protecting 
technological innovation and intellectual property rights (IPR). Legislation was amended several 
times in that regard with a view to streamlining and adapting it to a rapidly evolving enviro nment.  WT/TPR/M/448 • Separate Customs Territory of Taiwan, Penghu, Kinmen and Matsu  
 
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  4.190.   Chinese  Taipei's participation in global value chains (GVCs) deepened during the period 
under review. Chinese  Taipei's integration into GVCs and the world economy in general is evident 
from the large trade flows of IGs excluding fuels.  
4.191.   We commend Chinese  Taipei for maintaining a strong commitment to notifications to the 
WTO, for adopting new measures to enhance transparency of policy formulation through the 
establishment of an online public policy platform, and for its efforts to improve the busine ss 
environment, which is already highly ranked according to World  Bank indicators.  
4.192.   As the coordinator of the Group of Article  XII Members, Panama is working closely with 
Chinese  Taipei to fulfil the mandate of Article  7 of the MC12 Outcome Document, in which Ministers 
recognized the need to improve the Group's situation. We both hope to level the playing field and 
work towards negotiations that can remedy this situation.  
4.193.   We would like to highlight Chinese  Taipei's role as Chair of the Commit tee on Trade -Related 
Investment Measures, in which it followed up on what Members had agreed regarding reform 
measures for the functioning of the Committee.  
4.194.   We remain attentive to the development of the discussion during this Review and wish 
the Separate Customs Territory of Taiwan, Penghu, Kinmen and Matsu a successful fifth Trade Policy 
Review.  
SWITZERLAND  
4.195.   Allow me to also extend a very warm welcome to the delegation of Chinese  Taipei. And let 
me warmly thank the discussant for his thoughtful observation s as well as the Secretariat for its 
substantive contributions.  
4.196.   Since its accession to the WTO, Chinese  Taipei has been an active Member and a strong 
supporter of open trade and of a rules -based multilateral trading system. Its constructive 
participation i n virtually all bodies of the Organization is highly appreciated. This positive role is 
underpinned by an exemplary record on transparency, with only a handful of notifications still 
pending. In addition, we wish to underscore the active and positive invol vement of the Chinese  Taipei 
delegation in the negotiations on fisheries subsidies and on WTO reform. Same is true for the 
discussions on the reform of the DSB and with regards the Joint Initiative on E -Commerce and the 
Programme on MSMEs.  
4.197.   This being said,  we noted in the Secretariat's Report that the Chinese  Taipei's tariff still 
contains a significant number of different rates, including decimal rates, thus increasing its 
complexity. In addition, it seems that for six tariff lines the applied MFN tariff e xceeds the bound 
level. We wonder how Chinese  Taipei intends to remedy this situation and note that the fill ratio of 
quotas varies significantly. Switzerland would be interested in understanding why some fill ratios 
are so low.  
4.198.   Switzerland recognizes that  the fundamentals of Chinese  Taipei's economy are solid. The 
island is firmly entrenched in global value chains and has succeeded in holding its competitiveness. 
Its GDP growth remained remarkably stable during the pandemic due to a sound fiscal position w hich 
allowed public spending; in addition to a sustained international demand for electronic components 
and a surge in private investment.  
4.199.   For the future, we note with satisfaction that Chinese  Taipei's authorities have stepped up 
the implementation of ma jor programmes aimed, among others, at the development of the 
infrastructure and at the promotion of several core industries such as wind energy capacities and 
semiconductor technology.  
4.200.   Chinese  Taipei is a world -leading producer of semiconductor. And as d emand for 
semiconductors continues to grow, Chinese  Taipei holds a critical position in most global supply 
chains. This situation might make its economy particularly sensitive to future shocks, despite its 
global competitive advantage. In addition, the sem iconductor industry is a very energy -intensive 
one; and this challenges the island's policies to reduce its carbon footprint. As a matter of fact – and 
as many of us – Chinese  Taipei faces considerable challenges to exit fossil fuels and continues to WT/TPR/M/448 • Separate Customs Territory of Taiwan, Penghu, Kinmen and Matsu  
 
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  grant  subsidies to the exploration and development of oil and natural gas reserves. Switzerland 
therefore invites Chinese  Taipei to consider an acceleration of its transition to greener energy 
sources and to a sustainable financing of investments needed to reac h a zero -net growth of 
emissions.  
4.201.   Allow me a quick word on services. Given Chinese  Taipei's high degree of innovation and as 
a knowledge -based economy, it is no surprise to note that services also evidenced good resilience 
during the pandemic and that trad e in services significantly increased since 2021.  
4.202.   To conclude, and on a bilateral basis, let me stress that Switzerland's trade relations with 
Chinese  Taipei have increased by 23% in the last five years with a volume of nearly CHF  4.3 billion 
in 2022. We are confident that this trend will continue in the coming years.  
4.203.   I thank you for your attention and wish the Chinese  Taipei delegation a fruitful Trade Policy 
Review.  
VIET NAM 
4.204.   On behalf of Viet  Nam's delegation, I would like to extend our warm welcome to the 
distinguished delegation from the Separate Customs Territory of Taiwan, Penghu, Kinmen and Matsu 
(Chinese  Taipei) to its fifth Trade Policy Review in Geneva. Moreover, we would like to thank 
Chinese  Taipei and the WTO Secretariat for the excellent and comprehensive reports prepared for 
this review. Our sincere thanks also go to the discussant , H.E. Ambassador Ra úl Cano Ricciardi of 
Paraguay for the useful observations and valuable comments on the two reports.  
4.205.   It is applaudable that since its last Trade Policy Review in 2018, Chinese  Taipei has remained 
one of the most competitive economies in the world, mainly fuelled by a strong manufacturing sector 
and persistent export -led growth strategy. Structural reforms in various areas, such as trade 
facilitation, taxation, competition policy and intellectual property rights, have helped stabilize the 
economy and the recovery is bringing about positive consequences with significant GDP growth, 
controlled inflation, and decreased unemployment rate.  
4.206.   Viet Nam acknowledges Chinese  Taipei's major contribution to the WTO and its active 
participation in various processes ongoing in the multilateral trading system such as WTO reform, 
negotiations for the second phase of the Agreement on Fisheries Subsidies,  informal working group 
on MSMEs, dispute settlement reform discussions etc.  
4.207.   Regarding trade and investment with Viet  Nam, Chinese  Taipei is a long -standing economic 
partner of Viet  Nam, being our fifth largest trade partner in 2022. The trade volume betwe en 
Viet Nam and Chinese  Taipei reached USD  27.75  billion last year, up by 9.4% as compared to that 
of 2021. In terms of investment, Chinese  Taipei ranks fourth among economies investing in 
Viet Nam. In 2022, the total registered investment capital of Chine se Taipei's businesses in Viet  Nam 
reached USD  1.35 billion, covering a number of sectors such as manufacturing, real estate, services, 
etc. We believe the trade relation between Viet  Nam and Chinese  Taipei could achieve better results, 
as there is much po tential to advance.  
4.208.   However, we noted that recently Chinese  Taipei has introduced several measures especially 
those in agricultural sector that negatively impact international trade in general and export of 
Viet Nam in particular. Therefore, we would like to urge Chinese  Taipei to make greater effort to 
further facilitate trade with a view to bringing the bilateral trade relation to a higher level of 
achievement and development.  
4.209.   In conclusion, we would like to take this opportunity to commend the contribut ion of 
Dr Chang -Fa Lo, Permanent Representative of Chinese  Taipei to the WTO and his able team at the 
Mission in Geneva for their active engagement and contribution to the work of the WTO. We wish 
Chinese  Taipei a successful Trade Policy Review.  
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  REPUBLIC  OF KOREA  
4.210.   I would like to join the previous speakers in extending a warm welcome to the delegation of 
Chinese Taipei for its fifth Trade Policy Review, and in particular, I wish to thank Vice Minister Chen 
Chern  Chyi Chi Chun of the Ministry of Economic Af fairs for his comprehensive and informative 
presentation. I would also like to express my sincere appreciation to Dr  Chang -Fa Lo and his team 
for their active engagement in Geneva.  
4.211.   Our special thanks as well go to Ambassador Raúl  Cano Ricciardi of Paragua y for his 
contribution as a discussant and to the Secretariat for the informative Report.  
4.212.   During the review period, Chinese  Taipei demonstrated resilient economic performance and 
production despite the challenges posed by the COVID -19 pandemic. In addition , according to the 
Secretariat's Report, in spite of demographic challenges driven by a declining fertility rate and an 
ageing population, income and gender inequalities of Chinese  Taipei remain relatively low and are 
not structurally embedded.  
4.213.   The Republ ic of Korea also notes that Chinese  Taipei has endeavoured to develop its 
economy through diversifying their export market, promoting digital and service trade, and 
facilitating foreign investment. The Republic  of Korea believes that Chinese  Taipei will co ntinue to 
show good performance.  
4.214.   Chinese  Taipei, as well as the Republic  of Korea, is a strong supporter of the rules -based 
multilateral trading system as embodied by the WTO and is committed to safeguarding a transparent 
and predictable trade and investm ent environment. The Republic  of Korea appreciates 
Chinese  Taipei for its continuous and active participation in the negotiations and discussions on 
agriculture, food security, fishery subsidies, WTO reform, and joint statement initiatives.  
4.215.   The Republic  of Korea and Chinese  Taipei are enjoying a robust and strongly interlinked 
economic relationship. During the review period from 2018 to 2022, the trade volume between the 
Republic  of Korea and Chinese  Taipei has annually increased except 2019. In 2022, Chin ese Taipei 
was Republic  of Korea's number six largest trading partner and the Republic  of Korea also stands as 
Chinese  Taipei's number six largest one. In addition, such bilateral trade is complementary in nature. 
Intra-industry trade forms a large part of  our bilateral trade. Last year, 47% of the 
Republic  of Korea's exports to Chinese  Taipei comprised semiconductors and related products. 
Similarly, semiconductors and related products account for a remarkable 71% of Chinese  Taipei's 
exports to the Republic  of Korea.  
4.216.   The Republic  of Korea hopes to continuously develop our economic relationship with 
Chinese  Taipei, including investment and people -to-people exchange.  
4.217.   In addition, we expect Chinese  Taipei to continue to contribute towards strengthening the 
multilateral trading system. With this, I would like to express our deep appreciation to the 
Chinese  Taipei delegation for its hard work and wish the delegation every success in this TPR.  
KINGDOM OF SAUDI ARABIA  
4.218.   We commend Chinese  Taipei for the steps taken since the last Review to improve their trade 
policies in many areas such as implementing series of incentives and programmes to promote local 
investment and attract overseas investment, its development in the telecommunication market, and 
amending it s IPR legislation.  
4.219.   Trade exchange between the Kingdom  of Saudi  Arabia and Chinese  Taipei reached about 
SAR 45 billion in 2022 with a growth rate of 73% than it was in 2017. The most exported products 
by the Kingdom of Saudi  Arabia to Chinese  Taipei include s mineral products, organic and inorganic 
chemicals, and copper. While vehicles parts, electrical equipment, and iron and steel are the most 
exported products by Chinese  Taipei to the Kingdom of Saudi  Arabia.  
4.220.   Before I conclude, we would like to thank Dr  Chang-Fa Lo, Permanent Representative of 
Chinese  Taipei to the WTO and his team for their excellent cooperation and for their notable active WT/TPR/M/448 • Separate Customs Territory of Taiwan, Penghu, Kinmen and Matsu  
 
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  role in the WTO's discussions and initiatives aiming to strengthening the multilateral trading system 
as a rules -based one.  
4.221.   To conclude, we wish Chinese  Taipei a very successful Trade Policy Review.  
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  5  REPLIES BY THE REPRESENTATIVE OF THE SEPARATE CUSTOMS TERRITORY OF 
TAIWAN, PENGHU, KINMEN AND MATSU  AND ADDITIONAL COMMENTS  
5.1.  Let me first thank the Chair and our discussant,  H.E. Ambassador Cano  Ricciardi, for his 
insightful remarks framing the discussion of our fifth Trade Policy Review.  
5.2.  We take note of Members' encouraging remarks on our active participation and contribution 
across a broad range of ongoing WTO work streams,  including playing a leading role in facilitating 
discussion on dispute settlement reform, e -commerce Joint statement initiatives negotiation, MC13 
SPS ministerial statement as well as serving as chairs of WTO committees. I am confident that our 
Geneva del egation is committed to maintaining a high standard of professionalism and will continue 
to work constructively with Members within this Organization.  
5.3.  In addition, we appreciate that some Members support the shared values of freedom and 
democracy, and have  indicated that we should enjoy the same right as all other WTO  Members, 
including the right to chair any committee. As before, we will continue to work closely with the WTO 
Members and support the multilateral trade system.  
5.4.  I would also like to thank Members for the positive observations in our trade policies and 
economic performance, as well as those who have submitted questions that contributed enormously 
to our TPR meeting. Allow me to address some of the key points raised .  
5.5.  We appreciated comments from Members, such as New  Zealand, Australia and Guatemala, on 
our trade policy to promote inclusiveness. We are committed to ensuring that the benefits of trade 
are shared widely amongst underrepresented groups, including women,  indigenous peoples and 
SMEs. During the review period, we have launched a range of initiatives to support inclusive trade, 
such as the Women's Empowerment Program to enhance women's involvement in economic activity, 
and the Plan for Economic and Industria l Development of Indigenous Peoples to develop indigenous 
industries. We also amended the Education Act for Indigenous People to provide additional 
educational resources for indigenous communities and enhance their participation in economy. All 
of these is  for the aim of trade for all and leaving no one behind.  
5.6.  Some Members including the European  Union, the United  Kingdom and Canada expressed their 
interests on our renewable energy policy. We have announced the Pathway to net -zero emissions 
by 2050 last ye ar outlining four major transformations in energy, industry, lifestyle and society, and 
amended the Climate Change Response Act earlier this year to frame our strategies to reduce and 
manage greenhouse gas emissions and achieve a just climate transition.  
5.7.  Renewable energy is the key contributor to achieving the goal of net -zero emission by 2050, 
with solar and offshore wind serving as the major power sources.  
5.8.  We continue to cooperate with developers, and actively consult with all stakeholders in an open 
and transparent manner before policies are formulated, aimed at ensuring energy resilience and 
incorporating local suppliers into the international offshore wind power supply chain.  
5.9.  We take note of comments from Switzerland, the Philippines and Hong  Kong,  China on the 
six tariff lines whose applied rates are different from their bound rates. In this regard, we would like 
to confirm that these differences are due to technical errors that arose from conducting the 
Harmonized System transposition exercise. We rema in committed to the tariff schedule we tabled 
upon our WTO accession, and will make necessary adjustments to make sure those applied rates 
are in compliance with our WTO commitments.  
5.10.   A number of Members including the Philippines, and Ukraine raised questio ns regarding our 
agriculture policies, such as the management and implementation of the TRQ system, the handling 
of agricultural funds, export incentives, and the compensation to farmers for losses caused by 
natural disasters. In fact, the goal of our agri culture policies is to address challenges such as climate 
change, food insecurity and COVID -19 pandemic. We have steered our agricultural development 
towards health, efficiency and sustainability. As a WTO Member, we have been making continued 
effort to fu lfil our accession commitments, and the measures taken are all in accordance with WTO 
rules.  WT/TPR/M/448 • Separate Customs Territory of Taiwan, Penghu, Kinmen and Matsu  
 
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  5.11.   The United  States, the European  Union and other Members raised questions regarding SPS 
issues. In this regard, we follow the WTO SPS  Agreement in formulating our f ood safety and 
sanitation management measures, based on scientific evidence and risk assessment, and with 
reference to relevant international standards.  
5.12.   We set up procedures to process applications for market access of animal -origin products from 
exporting  countries . The time required for risk assessment and review of the imported animal -origin 
products depends on the completeness of information provided by the exporting country , including 
evidence to prove that the country 's sanitary measures were in place  and effectively implemented.  
5.13.   We also take into consideration standards, guidelines and recommendations from the World 
Organisation for Animal Health (WOAH), to conduct risk assessment for the purpose of recognizing 
animal infectious disease -free status an d zoning.  
5.14.   In addition, we have relaxed quarantine measures on the importation of plants and plant 
products. This year, the Animal and Plant Health Inspection Agency (APHIA) removed 
37 requirements for plant quarantine or inspection upon their arrival. It a lso added 22  items to be 
exempted from plant quarantine or inspection.  
5.15.   Several Members including India and the European  Union also showed their interests at our 
TBT measures. Their concerns cover issues such as regulated products, post -market surveillance,  
mandatory inspection, and the recognition requirements for foreign testing laboratories and 
certification bodies.  
5.16.   We would like to indicate that products subjected to mandatory inspection shall be affixed 
with the Commodity Inspection Mark before they are placed on the market. Pre -market inspections 
and post market surveillance are performed by the Bureau of Standards, Metrology and Inspection 
(BSMI) to ensure the safety of regulated products. The BSMI uses its risk assessment system to 
determine the sc ope of regulated products and the focus of post -market surveillance activities. Risk 
factors include product properties, incident reports, public expectations and inspection standards.  
5.17.   To facilitate completion of conformity assessment procedures by the in dustry and our trading 
partners, foreign certification bodies and testing laboratories can apply for recognition by BSMI, or 
can be designated through the mutual recognition arrangements mechanism.  
5.18.   On investment related issues, we received questions from t he European  Union and China 
regarding the requirements for the application, review, and approval procedures for FDI.  
5.19.   We require overseas investors to provide information about the financial sources of their 
investments, whether originating from their home countries or from third countries.  
5.20.   There are questions posed that are connected to MFN treatment in the review process. 
We would like to note that review of FDI applications is not within the scope of WTO rules, and as 
such there is no issue of MFN treatme nt. 
5.21.   We thank the United  Kingdom for questions regarding our financial services. The level of 
openness in our banking industry is no less than that of other international financial centres in Asia. 
In practice, the operating licences issued to foreign banks  by our Financial Supervisory Commission 
are full -functioning licences.  
5.22.   With respect to data -related policies for our banking sector, we endeavour to keep our 
regulations in line with evolving global standards and trends. It is worth noting that banks can use 
various electronic identification methods to verify the identity of customers when opening accounts 
that allow for digital deposits. In addition, thanks to valuable feedback from various Members 
including the United  Kingdom, we also amended regulations  for outsourcing to consolidate and 
simplify the application procedures for cross -border and cloud outsourcing this past August.  
5.23.   For the question raised by China on the first day regarding import restrictions on some 2,500 
items, we would like to point out  for the record that prior to and at the time of review and adoption 
of our WTO accession, China was not a WTO Member. As a result, both sides did not have an WT/TPR/M/448 • Separate Customs Territory of Taiwan, Penghu, Kinmen and Matsu  
 
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  opportunity to negotiate on each other's trade regimes and measures as expected under Article  XII 
of the Marrakesh Agreement.  
5.24.   After joining the WTO, we have been in compliance with the WTO rules. There have not been 
any formal requests for consultation with respect to the bilateral trade relations raised by China in 
the past 20  years.  
5.25.   Looking to the f uture, since both sides are WTO Members, it would be most appropriate to 
tackle trade matters in accordance with WTO mechanisms and rules and at this Organization. Our 
policy is clear. We have been consistently open for consultations with China on WTO rela ted issues 
through the WTO platform in accordance with WTO rules.  
5.26.   In order to respond to the changing global environment and the latest emerging issues, our 
government has undertaken organizational reforms to enhance its capacity of governance.  
5.27.   For trade policy formulation, the former Bureau of Foreign Trade under the Ministry of 
Economic Affairs, has been reorganized and renamed the International Trade Administration this 
year, in order to broaden its functions for promoting economic cooperation, and to p rovide it with 
authority to conduct trade remedy -related investigations.  
5.28.   The Office of Trade Negotiations, established in 2016, continues to serve as a coordination 
mechanism for trade policy to negotiate on trade agreements. In practice, when faced with i mportant 
international trade or investment issues, the Office will initiate coordination process, make an overall 
determination, develop policy recommendations, and proceed to negotiate with foreign countries.  
5.29.   In addition, the Ministry of Digital Affairs w as established in 2022, responsible for driving our 
digital policy innovation and reform. The former Council of Agriculture and the former Environmental 
Protection Administration were both upgraded to Ministries in August this year, to address the 
challeng es of climate change, improve resource efficiency and promote circular economy.  
5.30.   Let me conclude by thanking you again, Mr  Chair; the discussant, H.E.  Ambassador 
Cano Ricciardi, and the Secretariat, for your great work.  
5.31.   I also thank all our fellow Members for your engagement in our fifth Trade Policy Review. 
We will continue to work with you to enhance the relevance of the WTO, and to pave the way for a 
successful MC13.  
DISCUSSANT  
5.32.   I would like to thank Deputy  Minister  Mr Chen Chern -Chyi; Dr Chang -Fa Lo, Permanent 
Representative of Chinese  Taipei to the WTO and the rest of the delegation for their hard work. 
I would also like to thank the TPR Chair, Ambassador Saqer  Abdullah  Almoqbel, all participating 
Members, and the WTO Secretariat for t heir active engagement in this very important exercise and 
I would like to extend my sincere congratulations to Chinese  Taipei on the great success of its 
fifth Trade Policy Review. It has been a very interesting and invaluable experience for me 
profession ally and personally.  
5.33.   Members showed their strong interests in the Chinese  Taipei TPR by submitting more 
than 395 advance written questions from 18  Members, 23 delegations took the floor during the first 
day of the meeting. In this regard, please allow me t o present my observations.  
5.34.   Members highlighted key roles of the Chinese  Taipei during the period under review 
(2018 -2022), the economy expanded steadily with an average annual real GDP growth of 3.6%. 
GDP per  capita increased from almost USD  26,000 to USD  32,756 in nominal terms.  
5.35.   They also highlighted Chinese  Taipei's resilience in facing difficult times, including during the 
COVID -19 period.  
5.36.   Chinese  Taipei continues to promote innovation, production, and investment through 
incentive programmes, especially aimed at supporting SMEs and environmental protection.  WT/TPR/M/448 • Separate Customs Territory of Taiwan, Penghu, Kinmen and Matsu  
 
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  5.37.   Efforts have been implemented to facilitate inclusive economic growth that embraces diverse 
sectors and protects labour rights. The focus is on promoting the participation and empowerment of 
SMEs, indi genous communities, and women to benefit from economic growth.  
5.38.   In telecommunications, important legal and institutional changes have been introduced, 
including the implementation of cutting -edge technologies such as 5G.  
5.39.   On trade facilitation, Chinese  Taipe i has fulfilled its transparency obligations under the Trade 
Facilitation Agreement and sharing its experience in implementing its Customs Port Trade Single 
Window System, at the Committee on Trade Facilitation.  
5.40.   Chinese  Taipei's efforts to develop digital economy and implement digital transformation and 
innovation, which will strengthen the competitiveness of its industries and drive economic growth. 
In addition, most Members welcome Chinese  Taipei's sharper focus on inclusive and sustainable 
development, t o address climate change and promote social inclusivity, such as through its Pathway 
to net -zero emissions in 2050 and Women Entrepreneurship Program. Digital and green economies 
will remain important drivers of the global economic recovery.  
5.41.   Some Members c ommended the Six Core Strategic Industries Promotion Plan, the programme 
aims to foster transitions and improvements in the industrial sector and the creation of the Ministry 
of Digital Affairs aims to promote cybersecurity, facilitate digital transformati on in various sectors 
and enhance digital resilience.  
5.42.   Many Members stressed that Chinese  Taipei is a full Member of the WTO, and as such enjoys, 
the same rights and as any other Member.  
5.43.   Members highlighted Chinese  Taipei major contribution to the WTO for working towards 
upholding an open, fair, inclusive, and rules -based multilateral trading system. In particular, its 
significant contributions include its active engagements in all joint statement initiatives on 
e-commerce, services domestic regulations and  on investment facilitation for development, and key 
areas of negotiation, namely agriculture, fisheries subsidies, trade and development, the success of 
the MC13,the WTO reform, involvement in the informal working group on MSMEs, and especially 
welcome it s participation in the Trade and Environmental Sustainability Structured Discussions 
(TESSD) were mentioned.  
5.44.   Some Members applaud Chinese  Taipei's excellent record, including notifying its preferential 
treatment to services and service providers for least  developed countries.  
5.45.   Others express their shared values and principles such as democracy, freedom of expression, 
the rule of law, the protection of human rights, good governance, multilateralism, and open market 
economies.  
5.46.   Some Members commend Chinese  Taipei for its ground commitment on notifications and for 
adopting transparency measures by establishing a public platform.  
5.47.   Most of the membership commends Chinese  Taipei for its timely answer to all the questions 
raised.  
5.48.   Members also highlighted their close  bilateral trade and economic ties with Chinese  Taipei, an 
important trading partner and sources of FDI in both goods and services. They also appreciated 
extensive cooperation with the Chinese  Taipei through association agreements, policy dialogues, and 
Free Trade Agreements, etc. Members also voiced their interests to deepen their cooperation with 
Chinese  Taipei in a wide range of areas including digital transformation and the manufacturing of 
semiconductors.  
5.49.   On Trade and Tariff aside from the success, Mem bers also expressed concerns regarding the 
applications of additional import prohibitions in about 2,500  tariff lines including industrial products.  
5.50.   Another area in which many Members expressed their desire for Chinese  Taipei to do more is 
agriculture and the opening of the bovine and pork meat market, some express as well, that fish 
and fishery products carry the highest average tariff.  WT/TPR/M/448 • Separate Customs Territory of Taiwan, Penghu, Kinmen and Matsu  
 
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  5.51.   Members also expressed concern about many technical standards particularly in TBT and SPS 
and highlighted that Chinese  Taipei applies additional SPS requirements even to some Members 
which already have been declared, as free of certain diseases by the World Organization of Animal 
Health (WOAH).  
5.52.   Some delegations pointed out that several applied tariff lines go beyond the bou nd tariff.  
5.53.   On investments, a few Members expressed their concern that Chinese  Taipei requires prior 
approval for all overseas investors and investment prohibitions or restrictions remain in the 
manufacturing and other fields.  
5.54.   Some Members also highlighted their concern by multiple instances of local content 
requirements, which appear to be inconsistent with WTO rules.  
5.55.   In terms of requests, some Members encourage Chinese  Taipei to join the Multi -Party Interim 
Appeal Arbitration Arrangement (MPIA) . 
5.56.   Regarding the Agreement on Fisheries Subsidies, Members commended Chinese  Taipei for the 
initiation of acceptance procedures.  
5.57.   Some Members request conversion of non -ad valorem  rates to ad valorem  rates to enhance 
the predictability of its tariff regime.  
5.58.   Based on the above, Members urged the Chinese  Taipei to ensure that its trade and 
trade -related measures do not impose unnecessary trade restriction and are consistent with the 
WTO and other international standards and principles.  
5.59.   Before I conclude, I am sure that Members agree with me that Chinese  Taipei has 
demonstrated to us that it has attached great importance to transparency at the WTO through its 
active participation in the Trade Policy Review.  
5.60.   Personally, I felt that Members' comment s and perspectives were thoughtful and fair. I am 
sure, having listened to Chinese  Taipei preliminary responses, that they will take into consideration 
their comments and sincere interest of Members to deepen partnership with Chinese  Taipei.  
5.61.   I congratulat e Chinese  Taipei for its successful fifth Trade Policy Review.  
UNITED  STATES  
5.62.   The United  States welcomes this opportunity to restate our appreciation to Head of Delegation 
Mr Chen Chern -Chyi for his stewardship of this review and for the considerable the Se parate 
Customs Territory of Taiwan, Penghu, Kinmen and Matsu has invested in not only undertaking this 
review but also in supporting and enriching the work of the WTO across Committees and other 
initiatives. The United  States knows well how much time and e ffort goes into a Trade Policy Review 
and we sincerely appreciate the long hours you have invested in preparing for the Review and 
responding to the questions posed by Members. We also thank Dr  Lo and his team here in Geneva 
for the thoughtful and signific ant effort that they put into meaningful engagement by Chinese  Taipei 
at the WTO on a daily basis.  
5.63.   As many Members noted on day one of this TPR, Chinese  Taipei has a vibrant economy marked 
by competition and innovation. The United  States enjoys a strong a nd diverse trade and investment 
relationship with Chinese  Taipei. We look forward to continuing, as well as expanding, our economic 
and trade ties.   
5.64.   On Tuesday, many Members commended Chinese  Taipei for its commitment to an open, 
transparent, and rules -based multilateral trading system. The United  States hopes that 
Chinese  Taipei will continue this commitment as well as encourage others to adhere to these critical 
principles. We also request that it pay attention to some areas that we believe could be impr oved 
upon. Some Members raised questions about certain SPS and agricultural trade issues they 
encounter in their trade relationship with Chinese  Taipei. The United  States urges Chinese  Taipei to 
apply science -based international standards and practices whe n regulating trade in food and WT/TPR/M/448 • Separate Customs Territory of Taiwan, Penghu, Kinmen and Matsu  
 
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  agricultural products, particularly in evaluating current restrictions on market access for U.S. pork 
and beef.  
5.65.   On day one we heard repeated appreciation for Chinese  Taipei's participation across all 
aspects of WTO work and activities. The United  States strongly supports Chinese  Taipei's ability to 
exercise its full rights as a WTO Member and to participate in all activities in which any Member is 
entitled to engage.   
5.66.   We recognize Chinese  Taipei's leading role in advancing r eform discussions. Such leadership 
is critical to our efforts to achieve fundamental reforms here at the WTO. We would like to continue 
to engage with Chinese  Taipei on the important work of reforming the dispute settlement system, 
along with other reform initiatives.  
5.67.   We also look forward to Chinese  Taipei's expeditious ratification of the Agreement on Fisheries 
Subsidies.  
5.68.   We thank Chinese  Taipei for responding to our advance written questions and we will submit 
any follow -up questions according to the dead lines set. We also appreciate the clarifications provided 
in this morning's session.  
5.69.   In closing, we would also like to reiterate the value the United  States places on its relationship 
with Chinese  Taipei, both in our bilateral trade relations, and in our cooperation here at the WTO. 
This review has highlighted that while Chinese  Taipei has already contributed much to the WTO 
community, it has much more to share with Members in the future.   
5.70.   We congratulate Chinese  Taipei on a successful TPR.  
CHINA  
5.71.   We thank  Chinese  Taipei for the response. We want to make two clarifications.  
5.72.   First, Marrakesh Agreement Article  13 "Non -application of Multilateral Trade Agreements 
between Particular Members", paragraph  1 stipulates that "This Agreement and the Multilateral 
Trade Agreements in Annexes  1 and 2 shall not apply as between any Member and any other 
Member if either of the Members, at the time either becomes a Member, does not consent to such 
application". We never heard Chinese  Taipei made such an announcement at tha t time. Therefore, 
the import restriction or prohibition of more than 2,500  tariff lines imposed on us has no legal basis 
or excuse.  
5.73.   Second, regarding to investment, there is no specific agreement regarding investment right 
now. However, the MFN is the bas ic principle of the WTO and the basic principle should be followed 
by all WTO Members. What is more, Chinese  Taipei is a co -sponsor for the Investment Facilitation 
for Development JSI. MFN is also its core principle. Chinese  Taipei has no reason to take 
discriminatory measures against our investment.  
5.74.   In the corridor of the WTO building hanging a calligraphy in Chinese "Actions speak louder 
than words". In the first session of the Review meeting, and also at today's meeting, Chinese  Taipei 
reaffirmed its com mitments to support the multilateral trading system and abide by WTO rules. We 
hope Chinese  Taipei could match its words with deeds, fulfil its commitments with concrete actions, 
and lift trade and investment restrictions that are inconsistent with WTO rul es as soon as possible.  
5.75.   We welcome Chinese  Taipei to play an active and constructive role in the WTO as its status of 
a Member.  
EUROPEAN  UNION  
5.76.   First, let me thank Chinese Taipei for the comprehensive overview presented on Tuesday by 
Mr Chen Chern -Chyi, De puty Minister of Economic Affairs and his delegation regarding the main 
developments that occurred in the trade policy of Separate Customs Territory of Taiwan, Penghu, 
Kinmen and Matsu since the last TPR in 2018.  WT/TPR/M/448 • Separate Customs Territory of Taiwan, Penghu, Kinmen and Matsu  
 
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  5.77.   The EU appreciated this opportunity to bet ter understand the trade policy of Chinese  Taipei, 
an important trade and investment partner for the EU. The Review also highlighted some challenges 
that still remain for trading partners, including European businesses. The EU has particularly referred 
to the food and energy sectors in this regard and hopes that Chinese  Taipei will duly take into 
account these comments.  
5.78.   We would also like to thank Chinese  Taipei for having provided timely replies to the questions 
raised by the EU. On a limited number of iss ues – including SPS and wind power – we had submitted 
some follow -up questions and look forward to the replies in due time.  
5.79.   The discussion on the first day of the Review has shown that many Members share the EU's 
positive view about the constructive role t hat Chinese  Taipei plays within the WTO and with regards 
to its right to participate as a full Member.  
5.80.   We are looking forward to our continued co -operation in the run -up to MC13, where we hope 
that Chinese  Taipei will continue to play an active role in th e different strands of work, including on 
the WTO reform.  
5.81.   On behalf of the EU, I congratulate Chinese  Taipei for concluding this fifth successful Review.  
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  6  CONCLUDING REMARKS BY THE CHAIRPERSON  
6.1.  The fifth Trade Policy Review of the Separate Customs Territory of Taiwan, Penghu, Kinmen 
and Matsu (Chinese  Taipei) has offered us a good opportunity to deepen our understanding of recent 
developments in, and challenges to, its trade, economic, and investment policies. Since its previous 
Review in 2018, Chin ese Taipei's initiatives to further integrate into the multilateral trading system 
have been greatly appreciated. The almost 400  advance written questions submitted by 18  Members 
and the 23  delegations that took the floor during the two days of the meeting  underline the 
importance attached by Members to Chinese  Taipei's trade and investment policies and practices.  
6.2.  I would like to thank the delegation of Chinese  Taipei headed by Mr  Chen Chern -Chyi, for its 
active  participation in this exercise, our discussan t Ambassador Raúl  Cano Ricciardi of Paraguay for 
his insightful remarks, and all delegations that took the floor for their valuable contributions to this 
exercise.  
6.3.  During this Review, Members commended Chinese  Taipei for its steady growth during and after 
the COVID -19 pandemic, which is partly due to its outward -oriented economy centred on 
manufacturing especially electronic components, and services. Members also commended 
Chinese  Taipei for its participation in many global value chains.  
6.4.  Members highlighted  the importance of Chinese  Taipei as a trading and economic partner and 
showed interests in deepening their trade relations with Chinese  Taipei. Several Members also 
highlighted Chinese  Taipei's achievements on regional initiatives since the last Review in  2018.  
6.5.  Members commended Chinese  Taipei for its notifications record and appreciated its active 
participation in the WTO discussions, and preparation for MC13, including on WTO reform; food 
security; and the JSIs on e -commerce, services domestic regulation , investment facilitation for 
development; and the Trade and Environmental Sustainability Structured Discussions (TESSD). In 
this regard, Members also appreciated the efficient role of the Chinese  Taipei delegation to the WTO 
led by Dr  Chang -Fa Lo and comm ended its active participation in various WTO  committees. Several 
Members encouraged Chinese  Taipei to accept the Agreement  on Fisheries Subsidies prior to or 
at MC13.  
6.6.  Members commended Chinese  Taipei on its transitioning efforts to renewable energy source s 
and welcomed Chinese  Taipei's Pathway to achieve its goal of net -zero emissions in 2050. Members 
also commended Chinese  Taipei for its commitment to promote inclusive and sustainable 
development trade programmes to address climate change, demographic cha llenges, and the 
participation of SMEs in digital transformation.  
6.7.  Members appreciated Chinese  Taipei for its initiatives to enhance farmers' welfare and improve 
infrastructure and boost competitiveness in the agriculture sector, as well as its commendable efforts 
to ensure food security. However, some Members expressed their concerns regarding market access 
and SPS  restrictions on food products, and encouraged Chinese  Taipei to further liberalize 
agricultural and fisheries products, which seem to have the h ighest tariff rates. They also expressed 
concern on areas such as import restrictions on certain products, local content requirements, 
overseas investors approval  requirements , and entry measures on specific industries . 
6.8.  In conclusion, the delegation of Chi nese Taipei has clearly demonstrated that it places a high 
value on the Trade Policy Review Mechanism and the multilateral trading system through its active 
engagement over this two -day meeting.  
6.9.  Finally, Members look forward to receiving answers to any out standing and follow -up questions 
within the customary one month, at which time this Review will be concluded.  
 
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