Search

4.3. (...) Furthermore, it recognizes the importance of incorporating inclusive and environmentally sustainable perspectives into economic and trade policies. Through these efforts, it aims to demonstrate responsible engagement as a WTO Member and contribute to free trade, inclusive growth, and environmental sustainability.

14. (...) Chinese Taipei participates in the WTO GPA and continues to use public procurement as a tool to support SMEs, minorities, and disadvantaged groups, or for environmental protection. Chinese Taipei provides offsets and price preferences to promote employment, industrial development, and environmental protection. These apply to procurement not covered by the WTO GPA.

17. (...) During the review period, the authorities made several legislative amendments and enacted new legislation on organic agriculture, irrigation, distant water fisheries, agricultural insurance, and farmer retirement.

19. The combined share of renewable sources in total energy supply, albeit still modest, has been on the rise, underpinned by guaranteed feed in tariffs and regulations requiring large industrial consumers to take part in the green energy transition. Chinese Taipei has also been implementing an industrial policy for offshore wind power generation. In 2023, Chinese Taipei upgraded its framework for reducing greenhouse gas emissions and set a formal goal to achieve net zero emissions by 2050. (...)

1.1. (...) The agriculture sector is small and vulnerable to adverse climatic conditions, and mining's contribution to GDP and employment remains modest (Table 1.1).

1.4. (...) Notwithstanding recent progress towards greening its energy supply matrix, Chinese Taipei continues to depend heavily on imported fossil fuels, keeping it exposed to global price fluctuations. (...) Chinese Taipei's manufacturing industry, notably semiconductors and chemicals production, is highly energy-intensive and relies on other high-carbon-footprint inputs. Consequently, Chinese Taipei would face considerable hurdles in its planned transition to net-zero greenhouse gas emissions (Section 4.4.2), as well as in a global trading environment being reshaped by carbon border adjustment mechanisms.

1.5. (...) Driven by significant capital expenditures in the semiconductors, renewable energy, and telecommunications industries, gross fixed capital formation posted robust annual growth throughout the review period, reaching double-digit rates in 2019 and 2021 (Table 1.1).

1.23. (...) In 2022, inward direct investment was also attracted to the electricity sector, specifically in wind farms, as part of Chinese Taipei's policy to expand the use of renewable energy and incentives granted to industries by the "5+2 Innovative Industries Plan" (Section 2.4).

2.11. Trade policy constitutes one of the main pillars of Chinese Taipei's New Model for Economic Development launched in 2016, which is based on sustainability, innovation, employment, and equitable distribution. (...)

2.12. (...) Chinese Taipei started implementing its New Model for Economic Development 2.0 under the NDP[development plan] 2021 2024, which calls for Chinese Taipei to pursue various strategies, including (i) actively focusing on six core strategic industries; [9] (...)
[9] These are (...) green and renewable energy industries.