Taiwan’s hopes for a new trade agreement with Canada face growing uncertainty. Taiwanese officials worry Canada may back away from the trade agreement signed before the country’s recent elections. The trade agreement is seen as a critical step for strengthening economic ties between Taipei and Ottawa.
The Canadian government, led by Mark Carney, has shown reluctance to officially endorse the trade agreement. This hesitation has caused concern in Taiwan, where leaders view the pact as a way to boost bilateral trade and economic development. Taiwanese lawmaker Chen Kuan-ting emphasized that Taiwan remains a dependable supply chain partner and urged Canada to finalize the agreement quickly.
Taiwan has encountered several obstacles in expanding its international trade network under President Lai Ching-te. One major factor complicating these efforts is the global tariff regime introduced during the Trump administration in the United States. These tariffs have disrupted markets and trade flows worldwide. Meanwhile, China continues to pressure other countries to limit their economic engagement with Taiwan, creating diplomatic challenges for Taipei.
Experts describe the difficulties Taiwan faces in securing new trade deals as a form of diplomatic blockade. Many countries, including Canada, fear retaliatory actions from China if they move forward with trade agreements involving Taiwan. This fear intensifies amid ongoing market uncertainties caused by previous tariff policies.
Despite these challenges, Taiwan has seen some progress in regional trade relations. Its recent talks with the Philippines have shown promise, as Manila appears more willing to engage Taiwan as a serious economic partner. The Philippines’ own territorial disputes with China likely influence this openness.
In contrast, Taiwan has received lukewarm responses from other potential partners, such as Australia, Japan, New Zealand, and various Southeast Asian countries. These setbacks underscore the complex geopolitical landscape Taiwan navigates in its pursuit of stronger trade ties.
Moving forward, Taiwan will likely continue pushing for agreements like the one with Canada to maintain its international economic presence. However, the outcome remains uncertain, as governments weigh the benefits against potential diplomatic risks with China. The situation highlights the delicate balance many nations face between economic interests and geopolitical pressures.
