臺灣在亞太地區(qū)的后經(jīng)濟合作框架協(xié)議的經(jīng)濟策略【外文翻譯】

1、Taiwan’sAsiaPacificEconomicStrategiesPostEconomicCooperationFramewkAgreementMaterialSource:CrawfdSchoolOfEconomicsAuth:ShiroArmstrongGovernmentEABERWkingPaperSeriesPaperNO.63TheEconomicCooperationFramewkAgreement(ECFA)si

2、gnedonthe29June2010infcefrom13SeptemberisasignificantstepinTaiwan’seconomicnmalizationwithChina.ItisalsoimptantlyabigstepfwardinTaiwan’sremovingprotectionistbarriersaimedatthemainlfurtherinstitutionalizingtheeconomicrela

3、tionship.TheECFAissignificantfcrossStraitsrelationsbothpoliticallyeconomicallyalsofTaiwan’sengagementintheregionalglobaleconomy(Xu2010).TheTaiwanesesituationisunique.Taiwanhashadarelativelyopentradeinvestmentregimeexcept

4、fthediscriminatybarriersaffectingtradeinvestmenttowardsChinainthenameofsecurity.ThepoliticsasideseverelyLimitingeconomicengagementwithadynamicChinathatisoneofthelargestmostimptanteconomiesintheregionincloseproximityhasli

5、mitedthegrowthprospectsbenefitsnotonlyfromdeepereconomicengagementwithChinabutalsowiththeregioninternationaleconomymebroadly.TheremovalrestrictionsimptbansonmainlgoodsinTaiwanhascomeinstages.Evenrecentlythenumberofbanned

6、commoditieswashigh.Thislistincludesautomobilespartscomponents.EvenafterbothChinaTaiwanaccededtotheWTOinthe2001tradeinvestmentremainedseverelyrestrictedbetweenthem.Attheendof200044percentofall10724tendigitcommoditiesinthe

7、harmonizedtariffschedulewereprohibitedfrombeingimptedintoTaiwanfromChina.AfteraccessionTaiwanremovedimptrestrictionsonChineseimptsf2058productsinFebruary2002inNovemberthatyearafurther316itemswerepermitted.UndertheECFAChi

8、nawillgraduallylowertariffsf539categiesofimptsopen11servicecategies18farmfisherycategiestotradewhileTaiwanhasagreedgraduallytoreducetariffson267itemsmostofwhileare2004accountingf26.8percentin2009.ImptfromChinahoweverstil

9、lonlyaccountedf14.1percentofTaiwan’simpts.TaiwaneserestrictionsimptfromChinahavebeenimposedundertheguiseofpoliticalsecurityconcernseconomicprotectionhasbeenrampantinthenamedefined.Acounterfactualcanbeestablishedusingtheg

10、ravitymodelavariationofitwhichenablesestimationofwhattradeshouldbehowitisperfminggiventhedistancetheyareapartthescaleofthoseeconomiesotherfactscommonlyfoundingravitymodels.XuYu(2010)usingthegravitymodeloftradedataupto200

11、5showthatTaiwan’simptscouldhavebeenmethandoublethevalueofwhattheywerein2005giventheacteristicsofbotheconomiestheirdistanceapartifTaiwanrelaxeditstraderestrictionsonimptsacrosstheStraits.Drysdaleetal.(2000)DrysdaleXu(2004

12、)earlierassessedTaiwanesetradeperfmancebycombiningthegravitymodeloftradewithstochasticfrontieranalysis.ThismethodgivesresultsconsistentwiththoseofXuYu(2009)butisthoughttobebettersuitedtoansweringthequestionofwhetherperfm

13、ancebothwaysiscomparabletoTaiwan’soverallperfmanceinexptsimptsin2006.Theliftingofbanson2368productcategiesin2002wasfollowedbyanexpansionoftradethathashelpedTaiwanrealizemeofitsbilateraltradepotentialwithChina.Thecostofth

14、eeconomicbarriersbetweenTaiwanChinaarebeyondtheextracostofmovinggoodscapitalthroughHongKong.TheadditionalcostofmovinggoodscapitalthroughHongKongmightmakeothertradeinvestmentpartnerscheaper(KeaVietnamfexample)atthemargin.

15、IteffectivelyincreasesthedistancebetweenChinaTaiwantherefethetransactionscosts.InthehighlyfragmentedproductionwksinEastAsiawheremarginsaresmalltradeinpartscomponentsisbasedonsmallricedifferencesadditionaltradecostshaveas

16、ignificantimpact.Alsothenatureofsomeservices(tradeinsomegoods)requiresFDIsothepotentialftradeinservicescouldnotberealized.TheChineseTaiwaneseeconomiesarehighlycomplementary.Taiwanismeindustrializedwithhightechnologyskill

17、edlabproductionChinahasahigherabundanceofunskilledlabwithlowcostproductionDrysdaleXu(2004)showChina’soverallpatternofexptspecializationmatchesthepatternofimptspecializationofTaiwantoaveryhighdegree.Yettheresultsfromthats

18、tudyalsoshowKeahasbeenabletotakefulleradvantageofthegrowingChineseeconomyinitsutilizationofcomparativeadvantagethanhasTaiwan.FTaiwantheFDIstyissimilartothetradestybutitsimpactextendsbeyondthebilateralrelationship.Taiwan’