Trade between Taiwan and Singapore is holding a steady course, according to Taiwan's representative there. The two economies are significant partners for each other in electronics and chemicals.
Taiwan-Singapore trade is maintaining a stable volume, according to an assessment relayed by Taiwan's representative in Singapore, who described recent flows as firm.
광고 문의 · 300×250The trade structure between the two centres on electronic components, petrochemicals and precision instruments. A pattern in which Singapore serves as an entrepot hub while Taiwan supplies components has held for many years.
Taiwan signed an economic partnership agreement with Singapore in 2013. It is one of the few trade agreements Taiwan has concluded with an ASEAN member, covering tariff reductions and services liberalisation.
More recently, demand tied to semiconductor back-end processes and data centre equipment has emerged as a new component of bilateral trade, as rising data centre investment across Southeast Asia moves more equipment and parts.
Trade volumes remain sensitive to the global cycle and semiconductor demand, however. A description of conditions as firm is not the same as growth, and the variation across product categories is wide.
Korea, Taiwan and Singapore occupy overlapping positions in the electronics supply chain. Sinophone business operators working Southeast Asian trade from bases in Incheon and Busan need to read the tariffs and customs procedures of all three markets side by side.
