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May 28, 2017

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ROC-Japan e-commerce agreement in effect

TAIPEI, Taiwan -- Taiwan's Association of East Asian Relations and the Interchange Association of Japan reached a consensus on an e-commerce cooperation agreement between the two countries became effective starting yesterday.

Negotiations on the agreement began in June 2012, and the two countries inked the agreement on Nov. 5, 2013.

According to the Ministry of Economic Affairs (MOEA), the agreement provides a mechanism to ensure safe e-commerce transactions and protect digital content. It removes trade barriers to digital products and service transactions, protects content creators' intellectual property, creates a stable and open environment that enables transactions related to information products, encourages a paperless trade across borders and prevents Internet fraud.

The agreement also proposes to establish a platform to enable cooperation between the two countries' governments. The platform aims to encourage small- and medium-sized companies to engage in more e-commerce, as well as facilitating exchange of regulations and implementation experiences related to e-commerce.

The e-commerce agreement lays a good foundation for further bilateral trade relations and establishes new trade agreements between Taiwan and Japan, the MOEA said.

In addition to the e-commerce agreements, several other agreements between Taiwan and Japan related to drug regulations, railroad exchange and cooperation and air and sea search and rescue cooperation were also inked recently.

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