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...
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... 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
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