“Taiwan’s exports to China under the Early Harvest Program of the Economic Cooperation Framework Agreement (ECFA) fell to a record low last year, the Mainland Affairs Council (MAC) said yesterday on the agreement’s 16th anniversary.”
“Exports covered by the program fell to US$13.1 billion last year, accounting for 13.1 percent of Taiwan’s exports to China, down from 26.3 percent in 2016 and the lowest level since the agreement took effect, the council said.”
“Taiwanese investment in China has also declined sharply, accounting for 83.8 percent of Taiwan’s outbound investment at its peak in 2010, but falling to 3.8 percent last year and just 0.9 percent in the first five months of this year, the council said.”
“Separately, industry and economic analysts yesterday said that Taiwan’s experience under the ECFA offers lessons for countries that have become heavily dependent on China.”
“They cited Australia, whose exports to China exceeded 30 percent of total exports by 2020 before Beijing imposed retaliatory tariffs on products including barley and wine after Canberra called for an independent investigation into the origins of COVID-19, affecting about A$20 billion (US$13.8 billion) in annual exports.”
“South Korea, which signed a free trade agreement with China in 2015, also saw…”
https://www.taipeitimes.com/News/front/archives/2026/06/30/2003859963