eseoulpost
InternationalTaiwan
Taiwan stays off U.S. currency monitoring list
min  |  min
폰트키우기 폰트줄이기 프린트하기 메일보내기 신고하기
승인 2018.04.15  
트위터 페이스북 미투데이 요즘 네이버 구글 msn
   

Taipei, April 14 (CNA) Taiwan has remained off the U.S. currency watch for a second time since October 2017 and will keep a close eye on exchange rates to minimize their impact on trade, a bureau under the Ministry of Economic Affairs said Saturday.

In its twice-yearly foreign-exchange policy report released on Friday, the U.S. Department of Treasury found China, Japan, South Korea, Germany, Switzerland and for the first time India as economies that deserve further monitoring for potential unfair currency practices.

While Taiwan has previously been on the watch list three times, it has managed in the most recent two reports to keep off it by meeting only one of the three criteria used to determine if a country should be monitored.

The one criteria was Taiwan having a large material current account surplus in 2017 of 14.6 percent of GDP, which the Bureau of Foreign Trade said was inevitable because it is a small, open economy that relies heavily on foreign trade.

The Treasury Department requires that economies meet two of three criteria to be put on the currency monitoring list.

The three criteria are a bilateral trade surplus with the U.S. of at least US$20 billion; a material current account surplus of at least 3 percent of GDP; and persistent, one-sided intervention in the foreign currency market.

When Taiwan was removed from the list back in October 2017, then Central Bank Deputy Governor Yang Chin-long  attributed it to the central bank's efforts to reduce its intervention in currency markets.

To keep Taiwan off the next list in October 2018, the bureau said that it and relevant agencies will pay close attention to markets and remind importers and exporters of currency rate fluctuations while responding with timely countermeasures.

The April report, which looks at 13 of the U.S. major trade partners, did not list any country, including China, as a currency manipulator despite President Donald Trump's repeated claims that he would do so during his presidential campaign.

Notably, however, China is the only country on the list that only met one of the criteria, with the report noting that China "constitutes a disproportionate share of the overall U.S. trade deficit."

Only when a country has met all three criteria is it named a currency manipulator, something that has not happened since 1994.

< 저작권자 © eseoulpost 무단전재 및 재배포금지 >
폰트키우기 폰트줄이기 프린트하기 메일보내기 신고하기
트위터 페이스북 미투데이 요즘 네이버 구글 msn 뒤로가기 위로가기
이 기사에 대한 댓글 이야기 (0)
자동등록방지용 코드를 입력하세요!   
확인
- 200자까지 쓰실 수 있습니다. (현재 0 byte / 최대 400byte)
- 욕설등 인신공격성 글은 삭제 합니다. [운영원칙]
이 기사에 대한 댓글 이야기 (0)
Most Read
1
UAE voices concerns at escalating developments in Syria
2
Koreas set to hold high-level talks this week to set agenda for summit
3
Cimatu reports ‘marked improvement’ in Boracay water quality
4
UN Road Safety Fund a step in right direction
5
Saudi Arabia, Pakistan discuss latest regional developments
6
Children learn about local culture at Sharjah Heritage Days
7
Duterte’s China trip yields 10K new jobs for Pinoys
8
Koreas hold talks on telephone hotline between leaders
9
4th Int'l Packaging Export Confab held at KINTEX on April 17 with participation of Korea, China and Japan
10
Egyptian Minister of Tourism praises relations between UAE, Egypt
Photo News Green Biz
UAE environmentalists to travel to ends of the earth to inspire change
UAE environmentalists to travel to...
min
Mohammed bin Rashid launches Marmoom Desert Conservation Reserve
Mohammed bin Rashid launches Marmo...
min
Masdar unveils locally manufactured all-electric Eco-Bus
Masdar unveils locally manufacture...
min
Tabreed, Masdar sign agreement to operate Masdar City’s First District Cooling Plant
Tabreed, Masdar sign agreement to ...
min
World Future Energy Summit 2018 to map transition to a sustainable economy and lead ‘cleantech’ innovation
World Future Energy Summit 2018 to...
min
Photo News Sports
PyeongChang Winter Paralympics end with celebration of breaking down barriers
PyeongChang Winter Paralympics end...
min
Opening day of Abu Dhabi’s Special Olympics IX MENA Games 2018 witnesses incredible sporting achievement
Opening day of Abu Dhabi’s Special...
min
Largest Winter Paralympics to close in PyeongChang
Largest Winter Paralympics to clos...
min
Olympics:9th Regional Games of Special Olympics opens in Abu Dhabi
Olympics:9th Regional Games of Spe...
min
World’s top rally drivers to compete in Abu Dhabi Desert Challenge
World’s top rally drivers to compe...
min
Abu Dhabi set to welcome more than two thousand visitors for Manchester city Abu Dhabi Cup
Abu Dhabi set to welcome more than...
min
Moon hails PyeongChang Games for making Korean peace a possibility
Moon hails PyeongChang Games for m...
min
PyeongChang Paralympics kicks off with ceremony highlighting passion, coexistence
PyeongChang Paralympics kicks off ...
min
Photo News World
PyeongChang Winter Paralympics end with celebration of breaking down barriers
PyeongChang Winter Paralympics end...
min
Opening day of Abu Dhabi’s Special Olympics IX MENA Games 2018 witnesses incredible sporting achievement
Opening day of Abu Dhabi’s Special...
min
Largest Winter Paralympics to close in PyeongChang
Largest Winter Paralympics to clos...
min
Olympics:9th Regional Games of Special Olympics opens in Abu Dhabi
Olympics:9th Regional Games of Spe...
min
World’s top rally drivers to compete in Abu Dhabi Desert Challenge
World’s top rally drivers to compe...
min
Abu Dhabi set to welcome more than two thousand visitors for Manchester city Abu Dhabi Cup
Abu Dhabi set to welcome more than...
min
Moon hails PyeongChang Games for making Korean peace a possibility
Moon hails PyeongChang Games for m...
min
PyeongChang Paralympics kicks off with ceremony highlighting passion, coexistence
PyeongChang Paralympics kicks off ...
min
Photo News Opinion
Civic groups vow to erect statue for forced labor victims near Japanese consulate
Civic groups vow to erect statue f...
min
U.S. demands S. Korea share cost of deploying strategic assets around peninsula: official
U.S. demands S. Korea share cost o...
min
Moon urges bipartisan support for success of upcoming summit with N. Korea
Moon urges bipartisan support for ...
min
Brokerages urged to bolster investor protection, internal controls
Brokerages urged to bolster invest...
min
Moon says efforts to root out 'social evil' not aimed at punishing individuals
Moon says efforts to root out 'soc...
min
Moon urges swift parliamentary approval of extra budget
Moon urges swift parliamentary app...
min
S. Korea, U.S. wrap up weeklong combined exercise
S. Korea, U.S. wrap up weeklong co...
min
Parties give mixed reactions to heavy sentence for ex-President Park
Parties give mixed reactions to he...
min
Newspaper AboutNews ReportAdvertiseComplaintsPrivacy PolicyJuvenile protectionRejection of E-mail Collection
Gangnam-gu, Teheran 52 street in Tehran Bldg, 616(Yeoksam-dong)  |  Main Phone: 02) 563-0604  |  Fax: 02) 538-5665
Chairman : jeong-woo Lee  |  Advisor : byung-il Min  |  Publisher: jae-mo Kah  |  Editors: il-hong Kim
Registration Number 1928 Seoul ah  |  eseoulpost.com / eseoulpost.net / Global Korea.,Ltd
Copyright © 2011 eseoulpost. All rights reserved. mail to jaemokah@daum.com , kih10kr@empas.com/ www.globalkorea.info
arabafrica.net / UAE Interract / Emirtes News Agency(WAM)/ http://wam.org.ae / www.uaeinteract.com