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Taiwan, Eswatini further enhance ties at 27th Economic and Technical Cooperation Conference

The 27th Economic and Technical Cooperation Conference between Taiwan and Eswatini was held on July 2, 2025, achieving positive results in terms of enhancing bilateral ties in various areas.     During the meeting, which was co-chaired by Minister of Economic Affairs Jyh-Huei Kuo and Eswatini Minister of Economic Planning and Development Thambo Gina, the two sides discussed a range of topics, such as cooperation on business digitalization, science parks, human capital development, tourism and digital transformation.   Since the launch of the Taiwan-Eswatini Economic Cooperation Agreement in 2018, bilateral trade between the two sides has grown steadily. In 2024, two-way trade reached US$8.19 million, marking an increase of 8% compared with 2017. During that period, Eswatini’s exports to Taiwan have risen by more than 29%.   Taiwan continues to actively assist in various initiatives aimed at fostering Eswatini’s further economic growth and development, while Eswatini consistently voices support for Taiwan’s greater participation in the international community. The two sides will continue engaging in bilateral cooperation to create an even more sustainable economic and trade partnership.

2025-07-15

Decision No. 8 of Taiwan-Paraguay ECA Enters into Force

Decision No. 8 of the Agreement on Economic Cooperation between the Republic of China (Taiwan) and the Republic of Paraguay formally entered into force on July 5, 2025. This decision grants tariff concessions on 17 products and reduces tariffs on two additional items. One of the items, namely natural honey, will have its tariff reduced in three stages, to 30% in the first year, 25% in the second year, and 20% in the third year. The tariff on rice crackers will be reduced to 10%. The products on which tariffs will be eliminated include two swine items, one prepared or preserved offal item of bovine, and other industrial or consumer products, such as wheat flour, industrial ethyl alcohol, plastic bottles, various clothing items, etc. Both sides look forward to the benefits and business opportunities the new tariff reductions will bring to bilateral trade. More details about Decision No. 8 are available at the following website: https://fta.trade.gov.tw/

2025-07-05

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