Focus Taiwan
Date: 05/03/2020
By: Pan Tzu-yu and Kay Liu

Taipei, May 3 (CNA) Changes are expected in the post-globalization world created by trade friction between the United States and China, especially after the fragility of supply chains has been exposed by the COVID-19 conoravirus pandemic, experts have said.

The globalized world that saw the rise of China and relative decline of the U.S. is set to change because of trade disputes between the two largest economies in the world and the outbreak of COVID-19, said Darson Chiu (邱達生), a research fellow at the Taiwan Institute of Economic Research, in a recent interview with CNA.

China's lack of transparency regarding the COVID-19 outbreak is likely to hurt other countries' confidence in Beijing, and affect the progress of the Regional Comprehensive Economic Partnership (RCEP) trade negotiations, Chiu said.

According to the most recent joint declaration made last November by the 10 ASEAN countries, China, Japan, South Korea, Australia, New Zealand and India, most were preparing to sign the RCEP pact except India, which had outstanding issues to be resolved.    [FULL  STORY]