Boosting Taiwan-UK economic tiesBy Huynh Tam SangDespite the absence of formal diplomatic relations, Taiwan and the UK have maintained long-standing and substantial trade ties, with London ranking as Taiwan’s 21st-largest trading partner globally and third-largest trading partner in Europe. For Taiwan and the UK, concrete steps toward making the ETP a reality demonstrates the shared vision of enhancing economic ties. There are vast opportunities for Taiwan and the UK to strengthen economic ties. Taiwan is Britain’s largest offshore wind market in the Asia-Pacific region, with more than 30 British offshore wind firms establishing operations there. In post-EU Britain, London should align its Indo-Pacific engagement with economic tradecraft, and strengthening economic ties with Taiwan, notably through an ETP, should be a crucial part of Britain’s grand strategy.

Source: Taipei Times July 31, 2023 21:40 UTC