Following Taiwan's decision to allow these imports, trade negotiations are expected to resume, not only with the United States but also with Taiwan’s other partners, including the members of the Trans-Pacific Strategic Economic Partnership (TPP), which Taiwan wishes to join.

Relations with the United States are important to Taiwan because the island aims to become the financial centre of the entire Pacific region. This requires being able to mobilize foreign investment, including funds from Americans investors. Structurally, the country is highly exposed to the global economic cycle. This is why the new government, in power since January 2012, considers regional economic integration as a priority for the present mandate.

In 2011, Taiwan was the tenth largest trading partner of the United States, with over 41.4 billion USD of Taiwanese goods imported by the U.S. and 25.9 billion exported. The U.S. therefore had a deficit of 15.5 billion USD with Taiwan.

US-TAIWAN RELATIONS:
• U.S.-Taiwan Trade Facts
• Trade in Goods with Taiwan
• The U.S.-Taiwan Relations

DOING BUSINESS IN TAIWAN
• The US-Taiwan Business Council
• The American Institute in Taiwan
• Taiwan Market for U.S. Products and Services
• International Trade in Taiwan

UPCOMING TRADESHOWS IN TAIWAN
• SEMICON Taiwan 2012 – (Multiple industry sectors) - Taipei, Taiwan - 9/5-7/2012

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• Country profiles from FITA
• Market Analyses, business tips and more on GlobalTrade.net