– European Union Economic Relationship
Overview of Bilateral Trade :-
In 2015, the European Union (EU) was
Taiwan's 5 th largest trading partner in the world after Mainland China, the
U.S, ASEAN, and Japan. Trade between Taiwan and the EU accounted for 9.13% of
Taiwan's total trade. Taiwan’s exports to the EU were 8.46% of Taiwan's total
exports, and Taiwan's imports from the EU were 9.94% of Taiwan's total imports.
In 2015, Taiwan ranked 22 st in terms of EU trading partners and was the 6 th
greatest trading partner in Asia, after Mainland China (and Hong kong), Japan,
Korea, India, and Singapore.
2015 Taiwan-EU bilateral trade
amounted to 46.4 billion U.S. dollars, representing a 8.73% decline over the
previous year. Taiwan exports to the EU amounted to 23.7 billion U.S. dollars,
declining 10.44%, and Taiwan imports from the EU come to 22.7 billion U.S.
dollars, declining 6.87%.
The main markets for Taiwan's exports
to the EU were Germany, the Netherlands, the U.K., France, Italy, and Spain.
The five largest export products were: electrical and electronic information
equipment, parts and accessories thereof; nuclear reactor (boilers, machinery
and mechanical appliances, and parts thereof); vehicles, and parts and
accessories thereof, mineral fuels (mineral oil and distilled products
thereof), articles of iron or steel.
Taiwan's main imports from the EU
Member States were from: Germany, the Netherlands, France, Italy, the U.K. and
Spain. The five greatest imported products were nuclear reactor (boilers,
machinery and mechanical appliances); electrical equipment and parts and
accessories thereof; optical instruments and apparatus; pharmaceutical
products; and chemicals.
of Investment In
Enterprisesinvesting in EU
investing in Taiwan
billion (746 cases)
billion (3,422 cases)
billion (36 cases)
billion (275 cases)
million (25 cases)
billion (228 cases)
The five largest EU Member States
investing in Taiwan were the Netherlands, the U. K., Germany, France and
Sweden. Major investment industries were finance and insurance, other services,
electronic component manufacturing, wholesale and retail industries, and
The five greatest Taiwanese
investments in the EU were in the the U.K., Netherlands, Germany, Italy, and
the Czech Republic. Major investment industries were in order to wholesale and
retail industries, electronics, computers, and optical products manufacturing,
real estate, electrical equipment manufacturing, and finance and insurance.
Since the first Taiwan-EU economic and
trade consultation in 1981, bilateral consultations on economic and trade
issues have been held regularly, with a total of 27 sessions by the end of
2015. Economic and trade relations between Taiwan and the EU have seen
substantial and positive progress.
On October 14, 2015, the European
Commission published “Trade for all: Towards a more responsible trade and
investment policy,” which indicated the possibility of launching negotiations
on investment with Taiwan. On July 5, 2016, the European Parliament called on
the European Commission to start negotiations on an investment agreement with
Taiwan immediately. We welcome this statement and hope that both sides can
start negotiation on a bilateral investment agreement soon.