Taiwan, South Korea ink deal to prevent double taxationBy Lin Chia-nan / Staff reporterTaiwan and South Korea have signed an agreement to prevent double taxation, the Ministry of Foreign Affairs said yesterday, adding that the government is also seeking trade pacts with Australia and India. Despite the impact of the COVID-19 pandemic, bilateral trade revenue last year reached a new high of US$35.74 billion, Chow said, adding that Taiwan and South Korea are each other’s fifth-largest trading partners. Asked if there is any progress negotiating a Taiwan-India free-trade agreement, Chow said that the government continues to push for a deal. In the post-pandemic era, many countries are rebuilding resilient supply chains based on shared values, Chow said, adding that Taiwan and Australia are reliable partners. Taiwan is Australia’s 10th-largest trade partner and one of Canberra’s few main partners that have not signed a bilateral trade agreement with it, Chow said.

Source: Taipei Times November 30, 2021 18:59 UTC