2026-04-21
Building on 27 years of diplomatic alliance, Taiwan and the Marshall Islands (RMI) are deepening their economic and trade partnership through the Economic Cooperation Agreement (ECA), which took effect in January 2025. This comprehensive framework—covering investment, customs, and intellectual property—will be administered by a newly established Joint Committee to institutionalize trade dialogue and ensure mutual long-term growth.
On April 8 this year, the preparatory meeting for the ministerial Joint Committee was held in the Marshall Islands capital of Majuro, co-chaired by Deputy Secretary Ywao Elanzo of the Ministry of Natural Resources and Commerce of the RMI and Deputy Director General Chi-Chuan Hu of the International Trade Administration (TITA) of the Ministry of Economic Affairs of Taiwan.
Both sides exchanged views of the Joint Committee’s procedural framework and the itinerary for the inaugural ministerial meeting. Taiwan also proposed strategies for facilitating trade and investment, while both sides discussed cooperation on future technical projects to maximize the ECA’s impact.
Following implementation of zero tariffs in early 2025, bilateral trade surged 74.43% to US$234 million. Driven by Taiwan’s exports of fishing supplies and grains, as well as frozen fish exports from the RMI, this growth underscores the ECA’s immediate success in expanding economic ties.
The Ministry of Economic Affairs of Taiwan reaffirmed the Marshall Islands as an important Pacific ally, noting that this meeting solidifies the foundation for implementing the ECA. Through institutionalized dialogues and integration of resources across ministries, Taiwan remains committed to fostering a mutually beneficial win-win partnership.
Source： International Trade Administration,MOEA
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