Canada-Taiwan relations
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Bilateral relations
Canada is represented in Taiwan by the Canadian Trade Office in Taipei. This is a locally-incorporated entity staffed by Canadian and local Taiwanese personnel. Consistent with its One China policy, Canada maintains unofficial but valuable economic, cultural and people to-people ties with Taiwan.
Trade relations
Canada-Taiwan Science, Technology, and Innovation Arrangement
On April 15, 2024, the Canadian Trade Office in Taipei and the Taipei Economic and Cultural Office in Canada signed a Science, Technology, and Innovation Arrangement. This Arrangement will enable opportunities for business-led co-innovation partnerships in high tech sectors under the Canadian International Innovation Program as well as expanded research collaborations across the Canadian and Taiwanese ecosystems.
Merchandise
In 2023, Taiwan was Canada's 15th largest trading partner and sixth largest in Asia. Total merchandise trade with Taiwan in 2023 was $12 billion, with Canadian merchandise exports of $2.6 billion, and imports from Taiwan at $9.5 billion. Canada's priority sectors for business development in Taiwan are aerospace, information and communications technology, agri-food and seafood products, biotechnology and life sciences, clean technologies, education, and energy.
Services
In 2023, Canada’s two-way services trade with Taiwan was $1.9 billion. Services exports to Taiwan were $646 million and services imports from Taiwan were $1.3 billion. Top sectors for service exports include transport, travel, research and development services, financial services, and intellectual property.
On an immediate investing country basis, the total stock of Canadian direct investment in Taiwan in 2023 stood at $870 million, and the total stock of Taiwan direct investment in Canada stood at $483 million over the same period (10th largest in the Indo-Pacific).
Foreign Investment Promotion and Protection Arrangement
On December 22, 2023, the Canadian Trade Office in Taipei and the Taipei Economic and Cultural Office in Ottawa signed a foreign investment promotion and protection arrangement. This Arrangement is designed to help protect and promote Canadian investments in Taiwan, and Taiwanese investments in Canada.
Canada and Taiwan endorse Collaborative Framework on Supply Chains Resilience
At the 2023 Canada-Taiwan Economic Consultations, the Canadian Trade Office in Taipei and the Taipei Economic and Cultural Office in Canada endorsed the Collaborative Framework on Supply Chains Resilience.
Taiwan is an important regional partner in Canada’s Indo-Pacific Strategy. The framework aims to build sustainable and diverse trade among reliable partners to mitigate supply chain disruptions and increase resiliency.
Related links
Partnerships and organizations
To develop effective responses to today’s most pressing global challenges, Canada and Taiwan work closely in multilateral fora, such as:
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