In 2013 the APEC Study Centre undertook a research project aimed at identifying opportunities for Australian businesses to enhance Australia’s trade and investment relationship with Taiwan and China.
The project was funded by the AustraliaChina Council and supported by the Australian Department of Foreign Affairs and Trade.
The project aimed to:
- Explore market opportunities for Australian businesses and service providers to operate in Taiwan focusing on areas such as financial services, education services, logistics services, urban infrastructure planning and development.
- Explore advantages and opportunities for Australian businesses to use Taiwan as an investment gateway into China following the signing of ECFA between China and Taiwan which liberalised trade and investment relations between the two economies significantly.
- Develop deeper insights and better understanding of economic policy priorities of Taiwanese and Chinese Governments especially with respect to each other, as well as the role and functions performed by different policymaking institutions and their priorities.
- Examine the current nature of bilateral engagement between Taiwan and Australia including existing agreements and memoranda of understanding with the view to strengthen and build on existing linkages to cover new areas of cooperation as well as include new stakeholders such as commercial peak bodies and financial associations.
The Australian APEC Study Centre established an Advisory Group of industry experts, policymakers and academics from Australia, Taiwan and China. The Advisory Group met in Taipei, Taiwan in October 2013 to discuss and agree on a work plan to identify key market opportunities and areas of cooperation for Australian, Taiwanese and Chinese businesses.
A policy dialogue was convened in Melbourne in May 2014 to report findings of the research undertaken by the Centre. Participants at the policy dialogue included representatives from the AustraliaChina Council, Australian Department of Foreign Affairs and Trade, Taiwan’s Ministry of Economic Affairs, the Taipei Economic and Cultural Office in Australia as well as representatives from peak industry bodies and academia.
Date: 1 May 2014
Venue: RMIT University, Melbourne