With China threatening waves of economic sanctions following US House of Representatives Speaker Nancy Pelosi’s visit to Taiwan, whether to continue with the Economic Cooperation Framework Agreement (ECFA) or abolish it has once more become the subject of debate. The pact has held Taiwan back for so long, it is perhaps time to exhibit some economic resilience and move on.
The original objective of signing the agreement more than a decade ago was to set out the framework for economic activity between Taiwan and China, and iron out protocols in four areas: trade in goods, trade in services, investment guarantees and conflict resolution.




