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Parliamentary questions
12 July 2018
E-002406/2018
Answer given by Ms Malmström on behalf of the Commission

The Commission remains committed to implementing both the communication ‘Trade for All’ (adopted in October 2015) and the EU Strategy on China of July 2016 — i.e. to explore launching negotiations on investment with Taiwan, building on the investment provisions under negotiation with China.

For this purpose, an EU-Taiwan Working Group on Investment was created in 2017. The group has met already four times (in March, July and November 2017, and in May 2018). The next step in the EU in moving towards negotiations would be the possible launch of an impact assessment, which is currently being considered by the Commission. An impact assessment (including the public consultation) usually takes approximately a year to be finalised.

Green energy and the circular economy are indeed two sectors where EU companies are world leaders and where Taiwan has ambitious development plans, in particular in the wind energy sector. During the first major offshore wind farm auction in Taiwan, announced at the end of April 2018, of the seven companies selected, three are from the EU and they collectively account for more than 75% of the future production capacity.

At this stage, the Commission is not in a position to project the potential impact of a Bilateral Investment Agreement in terms of additional investment in a specific sector. Such a question may be further analysed in a future impact assessment.

Last updated: 13 July 2018Legal notice