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Updated Thursday, September 1, 2011 11:47 pm TWN, By Lydia Lin ,The China Post

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Market issues prevent EU FTAs: EETO

The China Post--Despite recent economic advances such as signing the economic cooperation framework agreement (ECFA) with China, the prospects of Taiwan inking trade agreements with the European Union (EU) appear to be hindered by many factors, including current import restrictions, the political environment and the simple issue of “market size.”

“We will not negotiate with markets not open to FTA rules,” said Frederic Laplanche, head of European Economic and Trade Office (EETO), yesterday, stressing the importance of prioritizing nations with “bigger” markets such as those that comprise ASEAN (Association of Southeast Asian Nations).

Laplanche, who officially took the post of EETO head on July 20, highlighted the trade office's objectives and fielded questions at a press meeting held at the International Trade Building.

Some of the market issues the EETO head cites as currently hindering Taiwan's chance of signing trade agreements with the EU were import bans and restrictions. The double-testing of products in the automotive sector is “unnecessarily cumbersome,” he said.

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