Taiwan plans to review its relations with South Korea, especially its huge bilateral trade deficit, as Seoul has yet to correct its reference to Taiwan as being a part of China on its newly launched e-Arrival card system despite protests from Taipei.
„We reiterated our call in asking Korea to swiftly amend the error, and at the same time we will conduct a full review of our bilateral relationship,“ said Richard Liu (劉昆豪), deputy head of the Ministry of Foreign Affairs‘ (MOFA) Department of East Asia and Pacific Affairs, on Tuesday at a press conference.
He said MOFA has taken note that there is a huge trade deficit between the two countries, showing that two-way ties are not on an equal footing, without elaborating.
He was referring to the fact that in 2024, Taiwan’s trade deficit with South Korea rose to US$22.9 billion, the largest trade deficit Taiwan had with any country in the world, due mostly to large net imports of integrated circuits.
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Taiwan plans to review its relations with South Korea, especially its huge bilateral trade deficit, as Seoul has yet to correct its reference to Taiwan as being a part of China on its newly launched e-Arrival card system despite protests from Taipei.
„We reiterated our call in asking Korea to swiftly amend the error, and at the same time we will conduct a full review of our bilateral relationship,“ said Richard Liu (劉昆豪), deputy head of the Ministry of Foreign Affairs‘ (MOFA) Department of East Asia and Pacific Affairs, on Tuesday at a press conference.
He said MOFA has taken note that there is a huge trade deficit between the two countries, showing that two-way ties are not on an equal footing, without elaborating.
He was referring to the fact that in 2024, Taiwan’s trade deficit with South Korea rose to US$22.9 billion, the largest trade deficit Taiwan had with any country in the world, due mostly to large net imports of integrated circuits.