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Factbox: Taiwan's other free trade agreements

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Tue Jun 29, 2010 6:54am EDT

(Reuters) - Taiwan and China signed a free trade agreement on Tuesday that Taiwan's government hopes will open the way for other such deals with major world economies, but China will block any bilateral accord with an island it claims as its own.

Export-dependent Taiwan, recognized by just 23 countries around the world and considered a breakaway province by U.N. Security Council member China, fears it will be left behind as other countries pursue trade deals with China and among themselves.

Following are the current free trade agreements that Taiwan has signed. The deals collectively cover less than 1 percent of Taiwan's total foreign trade.

PANAMA

Came into effect Jan 1, 2004. Covered 6,200 categories of Taiwan exports to Panama and 4,160 categories of Panamanian exports, mostly agricultural products, to Taiwan

GUATEMALA

Came into effect July 1, 2006. Covered 447 agricultural and 3,509 manufactured Taiwan goods and 644 Guatemalan agricultural products as well as airline rights and shipping.

EL SALVADOR

Came into effect March 1, 2008. Covered agricultural products, especially coffee and sugar, as well as manufacturing and services.

HONDURAS

Effective July 15, 2008, offered tariff exemption in Taiwan to 6,135 products from Honduras and the same status in Honduras to 3,881 Taiwanese products.

NICARAGUA

Came into effect August 1, 2008. Offered duty-free treatment to 3,374 categories of products shipped from Taiwan and 5,797 categories of products shipped from Nicaragua. Mostly industrial and agricultural goods, as well as financial services.

(Taipei newsroom; Editing by Nick Macfie)

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