From GCC-Asian energy-oriented trade to comprehensive trade and investment links: A case study of Taiwan

CIER/CTCI: This chapter analyses the energy, trade, and investment relations between North East Asia (NEA) economies and the Gulf Cooperation Council (GCC) and uses Taiwan as a case to explore avenues for both sides to transform energy-oriented trade ties into comprehensive relations. The conclusions are as follows: Firstly, this chapter finds NEA and the GCC have strategic interests to establish trade and investment partnerships. Secondly, this chapter finds that while NEA economies’ bilateral trade with the GCC have increased over the past five years, they have trade deficits with the GCC and most of that is from energy imports, showing possible directions for mutual adjustments. Finally, this chapter provides recommendations for Taiwan and the GCC to enhance mutual links.