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Economic Daily News: WTO, FTAs should receive equal attention
2010/07/31 14:37:08 |
Owing to the delay of multi-lateral Doha negotiations, the World Trade Organization (WTO) has been almost forgotten by all sectors. This situation has led to the booming development of bilateral or regional free trade agreements (FTAs).
However, Taiwan's recent win over Europe in a trade dispute at the WTO demonstrates that the negotiation delay has not undermined the WTO's dominating position in the global trade network.
In recent years, Taiwan's involvement in the WTO has been decreasing, with almost all resources going toward the signing of the economic cooperation framework agreement with China and FTAs with other trade partners.
We suggest that the government attach equal importance to the WTO and seek to balance the distribution of resources. The government should pay attention to issues that have the most direct impact on Taiwan and become actively involved in their negotiations in order to uphold the country's interests. (Editorial abstract -- July 31, 2010) (By Y.F. Low) ENDITEM/bc
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