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Market Chatter: Taiwan to Establish Forced Labor Review Mechanism After US Flagging

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Taiwan's Ministry of Labor said it will set up a review mechanism to restrict imports of goods linked to forced labor, after the U.S. proposed to impose tariffs on imports from several countries accused of not preventing forced-labor-related trade, Taiwan News reported Thursday.

The ministry said the U.S. plan is still under discussion and not finalized, and is not aimed solely at Taiwan. It added that Taiwan has already made commitments on forced labor issues during trade talks with the US, according to the news outlet.

Officials said Taiwan has been placed in a lower tariff risk group, reflecting recognition of its efforts. The government also stressed that forced labor violations are a serious concern affecting human rights and global supply chains. Taiwan will work with its economic authorities to establish a screening process, the report said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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