Taiwan joined the WTO on January 1, 2002. Taiwan became a member of the Asia Pacific Economic Cooperation (APEC) in November 1991 and joined the Central American Bank for Economic Integration in 1992. Taiwan is also a member of the Asian Development Bank (ADB), the Pacific Economic Cooperation Council (PECC), and the Pacific Basin Economic Council (PBEC).
The first agreement under the U.S.-Taiwan Initiative on 21st Century Trade was signed on June 1, 2023, and entered into force on December 10, 2024. Pursuant to section 6(d) of the United States-Taiwan Initiative on 21st-Century Trade First Agreement Implementation Act (Act), the U.S. Trade Representative submitted to Congress a report on Taiwan’s implementation of the first agreement. Pursuant to section 6(d)(3) of the Act, the report is available here.
As of April 2025, Taiwan has two free trade agreements (FTA): one with Panama in August 2003, and one with Guatemala in July 2005, Taiwan terminated FTAs with Nicaragua in December 2021 and with El Salvador and Honduras in May 2023. In addition, Taiwan inked the Cross-Strait Economic Cooperation Framework Agreement (ECFA) with China in June 2010, and six Economic Cooperation Agreements (ECA): one with New Zealand in July 2013, one with Singapore in November 2013, one with Paraguay in February 2019, one with Eswatini in May 2019, one with the Marshall Islands in October 2019, and one with Belize in January 2022. Further information about Taiwan’s bilateral and multilateral trade agreements is available on TITA website.