søndag 13. desember 2020

Australia and Taiwan in sensitive trade talks as China slams the door

Australian officials have been talking with Taiwan about boosting trade between the two economies as the Morrison government looks for alternative markets for billions of dollars worth of exports hit by China’s trade strikes. Officials from the Department of Foreign and Affairs and Trade have held meetings with counterparts in the Taiwan government in recent weeks to discuss more trade opportunities. While the Australian government has at this stage ruled out striking a free trade agreement with Taiwan, the two countries are discussing options to boost exports into the self-governed democracy of 23 million people.

Any move to enter a formal economic agreement with Taiwan could further inflame tensions with China, which has claimed sovereignty over the island state since the end of the Chinese civil war in 1949.