Preview
Preview

Taiwan's Application to the World Trade Organization Essay

:: 4 Works Cited
Length: 1021 words (2.9 double-spaced pages)
Rating: Purple      
Open Document
Need writing help? Check your paper »



- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Taiwan had first applied to join the General Agreement on Tariffs and Trade (GATT) on January 1st, 1990, under the label of “the Separate Customs Territory of Taiwan, Penghu, Kinmen, and Matsu.” Under this label, Taiwan was applying to the World Trade Organization (WTO) as an independent member, a fresh new applicant with out any other nation sponsoring its’ membership. Therefore, in order to successfully gain membership into the WTO, Taiwan had to gain sponsorship via negotiation with some of the current WTO-members and strict adherence to the series of provisions outlined under the GATT. In the Uruguay Round Agreements of 1994, Taiwan held their negotiations with interested parties, such as the United States, the European Union, and Brazil, where Taiwan accepted the guidelines of the GATT and also considered additional conditions from 7 of the 26 countries interested in the Taiwanese region. The main point to the Uruguay Round Agreements and the guidelines of the GATT was the gradual reduction and elimination of any trade barriers, such as tariffs, quotas, to promote a more favorable trade environment for all members of the WTO.
One of the primary concessions that Taiwan agreed upon was the reduction of tariff rates. According to the sections within the Uruguay Round Protocol GATT 1994, a country seeking membership would have to “implement five equal year rate reductions”, where “the first such reduction would be made effective on the date of entry into force of the Agreement Establishing the WTO”. Each of the five tariff rate reductions would have to be made on the January 1st of each following year and the final rate would be fixed by the time of the country’s 5th year of WTO membership. Taiwan began to revise and reduce thei...


... middle of paper ...


... M. Goldstein. Economic reform and cross-strait relations: Taiwan and China in the WTO. Hackensack, New Jersey: World Scientific, 2007.
Feenstra, Robert C., and Alan M. Taylor. International trade. New York, N.Y.: Worth, 2008.
Tsai, Ing-Wen. "Taiwan's WTO Accession: Meeting the Requirements." EBSCOhost. 7 Mar. 2010 .
"Understanding the WTO: The case for open trade." World Trade Organization. 8 Mar. 2010.
Wu, Wayne W. "Entering the WTO: A Major Milestone." Interview by Don Shapiro. Taiwan Review. 1 Jan. 2002. 8 Mar. 2010 .


Click the button above to view the complete essay, speech, term paper, or research paper

Need Writing Help?

Get feedback on grammar, clarity, concision and logic instantly.

Check your paper »







This essay is 100% guaranteed.


Title Length Color Rating  
Taiwan' s Tourism Industry Essay - 1. INTRODUCTION Taiwan is one of the beautiful islands located towards the Southeastern of china ( Stephen, 1999). It has a roughly population of more than 22 million people therefore, one of the most densely populated regions known in the world. Besides having the high population, its environment is considere to be natural and green, as from a distance several mountains are seen with lush forests. It has very beautiful scenic sites and high number of national parks. Initially, Taiwan was populated with indigenous tribes but presently, only a small portion of the tribes can be traced as more than 97% of the people are Han Chinese....   [tags: beautiful islands, china, future trends]
:: 5 Works Cited
1051 words
(3 pages)
Strong Essays [preview]
Eight High Performing Asian Economies: The Four Tigers Essay - ... First, an declining electronics manufacturing base that is redeploying physical asset, investment, capital and managerial skill to the provinces china. Second , a booming information services market led by bank , trading house, and insurance companies which involved in getaway transaction transaction to china and other international deal making. From 1982 to 1992 , the manufacturing as a share of gross domestic product (GDP) dropped from 25 percent to 20 percent and as a share of the labor fell from 40 to 29 percent....   [tags: Hong Kong, South Korea, Singapore, Taiwan] 756 words
(2.2 pages)
Better Essays [preview]
The World Trade Organization Essay - The World Trade Organization is widely known as an organization that deals with free trade on an international level. Quoting from their website, “the World Trade Organization (WTO) deals with the rules of trade between nations at a global or near-global level. But there is more to it than that.” (Source 1). In general to enter into the WTO, a country must meet certain criteria that deal with liberalization of trade policy. (Source 2. More like a general). As a member of the WTO, countries must adhere by rules and regulations set....   [tags: Taiwan] 893 words
(2.6 pages)
Good Essays [preview]
Essay on 9/11 and The World Trade Center - Completed in 1973, an exhibit called the World Trade Center, which is supposed to stand for “world peace through trade”, were two of the tallest buildings in the world. Nine-eleven was arguably the best security advancement to occur in America. It brought new laws, ways to travel, government agencies, and counter-terrorism programs. David Rockefeller, the grandson of John D. Rockefeller, decided to take on the decision to build the World Trade Centers ("World"). Construction officially began in February of 1967 ("World")....   [tags: World Peace, Trade, Terrorist Attackes, New York]
:: 6 Works Cited
1384 words
(4 pages)
Strong Essays [preview]
Essay about The World Trade Organization - The World Trade Organization Nobody will deny if I say that in our modern world it is very important to control the relationship between different countries. There are different organizations nowadays. They control different aspects of our everyday life. I would like to speak about world trade organization. It deals with the global rules of trade between nations. Its main function is to ensure that trade flows as smoothly, predictably and freely as possible. First of all I would like to give some facts about the creation and location of WTO....   [tags: WTO World Trade Organization] 1741 words
(5 pages)
Strong Essays [preview]
Essay on Copyright in Taiwan - Copyright in Taiwan Introduction The economic structure of Taiwan has been undergoing rapid changes in the recent thirty years. Taiwan has moved offshore from a labor-intensive industrialized country to an export-oriented economy. With the concentration of capital and technology, and the rapid diversification of hi-tech professional services, the structure of Taiwan industries has also changed greatly since late 1970s. The total annual production value accounted for by technology intensive industries has increased from 60 percent in mid 1980s to 75 percent in mid 1990s....   [tags: Taiwan Copyright Essays]
:: 4 Works Cited
3045 words
(8.7 pages)
Strong Essays [preview]
Essay on A Look at Intellectual Property Piracy In Taiwan - A Look at Intellectual Property Piracy In Taiwan Intro: Current Piracy Situation In Asia, Intellectual property piracy is rampant. Much attention has been directed at this issue and progress has been made in almost all Asian countries. Among them, Taiwan has been singled out as one of the worst offenders in the Intellectual Property Rights (IPR) violation.[1] The following statistics shows that the piracy rate in Taiwan is not very high compared to Korea and China. (More recent data is unavailable when I checked BSA.) Table 1....   [tags: Intellectual Property Piracy Taiwan Essays]
:: 9 Works Cited
2777 words
(7.9 pages)
Strong Essays [preview]
Essay about World Trade Organization - World Trade Organization The World Trade Organization (WTO), is an international organization designed to supervise and liberalize international trade. The WTO came into being on January 1, 1995, and is the successor to the General Agreement on Tariffs and Trade (GATT), which was created in 1947, and continued to operate for almost five decades as a de facto international organization. The World Trade Organization deals with the rules of trade between nations at a near-global level; it is responsible for negotiating and implementing new trade agreements, and is in charge of policing member countries' adherence to all the WTO agreements, signed by the bulk of the world's trading nations a...   [tags: Free Trade International] 1690 words
(4.8 pages)
Powerful Essays [preview]
Taiwan Overview Essay - Taiwan Overview Taiwan is a small island country located east of China. It is also commonly known as the Republic of China, Taiwan is best known for overthrowing communist Chinese rule and becoming an independent, democratic country. While many Americans do not possess much knowledge about his island, its history and other facts can be truly interesting. The modern history of Taiwan begins in the last decade of the 16th century when a Portuguese ship passed the island and the crew dubbed the island "Ilha Formosa" which translates into "beautiful island"....   [tags: History Anthropology Taiwan] 1498 words
(4.3 pages)
Powerful Essays [preview]
World Trade Essay example - Traditional and most developed form of international relationships is world trade. World trade is around 80 percent of all international economical relationships. International trade is a form of communications between manufactures of different countries that comes out as a result of world labor division, and express mutual economic dependence. Wild, in his book gives us a definition of world trade as: "The purchase, sale, or exchange of goods and services across national borders induced by sellers, buyers and intermediary in different countries." International trade includes import and export of goods and services; ratio between them is called trade balance....   [tags: International Trade] 1303 words
(3.7 pages)
Good Essays [preview]