ECFA협정 체결 이후 양안 경제관계의 변화와 대만경제

The Changes of Cross-Strait Economic Relationship and Taiwanese Economy after ECFA

There are several reasons to the effect of the ECFA Agreement differs from the original expectations. Since many Taiwanese companies are already in China, much of the expected effect on bilateral trade has been offset. The recent downturn in Taiwanese economy has also hampered the maximization of the effects of the ECFA Agreement. This is also because the growth rate of the Chinese economy is relatively low compared to the past. However, if China's domestic demand grows steadily and new strategic industries develop, the prospects for bilateral economic cooperation are also positive. Therefore, the effect of ECFA needs to be observed over a longer period.