Taiwan Warns FTA Agreement Risks Competitiveness

By Raverstead
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A free trade agreement has been signed between China and South Korea, which Taiwanese companies say could put them at a disadvantage.

Acer founder Stan Shih said that tariffs will negatively impact Taiwan’s panel sales into China. Foxconn chairman Terry Gou, meanwhile, called on the Taiwanese government to speed its efforts to sign a similar agreement with China.

Sources in Taiwan said that panel vendors are producing high-end units and expanding product differentiation to offset potential losses from the China-Korea agreement.