Economist Advises Taiwan on Post-Pandemic Objectives|學者:台美FTA.加入CPTPP 對台經濟才會加分
Economist Razeen Sally, who accurately predicted the trade war between the United States and China, was recently invited by a Taiwan media outlet to give an online lecture on post-pandemic global economic changes. He advised Taiwan to end its trade dependency on China, to open up markets, and to sign a free trade agreement with the U.S.
Razeen Sally currently serves as the director of the European Centre for International Political Economy, which he co-founded, and also teaches at the National University of Singapore. A Taiwan media outlet recently invited him to give an online lecture about the new global economic situation following the COVID-19 pandemic. With regards to Taiwan, he said although disease prevention efforts have been successful, significant trade challenges remain, and he is not optimistic about trade and economic cooperation with China.
... for Taiwan and economic policy is that for you to survive, you will need to advertise your open market. A bilateral FTA with the United States, which might actually be more possible...
Sally also said the global economy won't recover until 2022 because it will require at least a year and a half to produce and commercialize a vaccine. He predicted not a V-shaped reversal, but a sluggish recovery. Tensions between the United States and China have increased recently, which could affect the global economy. Some scholars warn that Taiwan should not rashly choose sides.
You should "borrow strength and use strength" following the supply chain relocation trend to maintain an economic distance with China.
Scholars add that out of the industries moving out of China, only the semiconductor industry has been successful and other industries maintain close trade ties with China. Completely severing ties with China will batter Taiwan's economy and the government needs to make a prudent assessment and progressively transfer production capacity to Southeast Asia. A comprehensive set of measures for returning Taiwan businesspersons also needs to be in place for effective investment.
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