Economic Affairs 結果共89筆

Taiwan’s Ministry of Foreign Affairs (MOFA) will closely monitor developments in Tuvalu post-election, as most elected officials have established frequent interactions and friendly stances with Taiwan, ensuring solid diplomatic ties. MOFA condemns China’s attempt to influence the election by buying off local media in Tuvalu. The loss of Tuvalu’s pro-Taiwan Prime Minister has sparked speculation about a potential shift in foreign policy and diplomatic alliance with Beijing. However, MOFA notes that the majority of elected Tuvalu officials maintain good relations with Taiwan and support upholding the amicable relations between the two countries. MOFA urges the international community to pay attention and counter autocratic dictatorial countries that manipulate elections in democratic states. This development reflects the ongoing competition between China and Taiwan for diplomatic allegiances in the Pacific region, with countries sometimes switching allegiances for economic or political support.

Taiwan’s Director-General in Boston, Charles Liao, responds to China’s interference in Taiwan’s elections with military threats and economic bullying. Liao highlights Taiwan’s commitment to democracy and refusal to bow to Chinese pressure. The U.S. State Department, Japan’s Ministry of Foreign Affairs, and the European Union’s European External Action Service congratulate elected officials Lai Ching-te and Hsiao Bi-khim. Despite China’s attempts at interference through disinformation, military intimidation, and economic threats, Taiwanese voters remain resilient in their pursuit of democracy and freedom. Liao’s response is prompted by a Boston Globe article suggesting that the U.S. should prioritize Taiwan as a democratic partner.

Taipei’s Executive Yuan Spokesperson, Lin Tze-luen, announced a budget surplus for the 2023 fiscal year, attributing the achievement to the combined efforts of civil society and the government. The surplus will be allocated responsibly to maintain fiscal discipline, primarily focusing on debt reduction and infrastructure investment. Taiwan’s economy has experienced consistent growth, resulting in a budget surplus for seven consecutive years. In 2022, the surplus reached an impressive NT$500 billion, leading to a proposed special budget of NT$380 billion. This special budget aims to enhance economic and social resilience, with provisions such as a cash payment of NT$6,000 per citizen, support for labor and health insurance programs, and assistance for Taiwan Power Company. Additionally, the special budget includes programs to aid residential loan holders from the middle class and below. Lin emphasized the government’s commitment to considering public opinion and promoting national affairs to facilitate Taiwan’s sustainable development.

The Minister of Economic Affairs, Wang Mei-hua, plans to help Taiwan Power Company (Taipower) seek budgetary support from the Executive Yuan to alleviate its financial distress. Taipower reached out to the Ministry of Economic Affairs (MOEA) for assistance, citing escalating international fuel prices caused by the Russia-Ukraine war. Other global power companies, such as Korea Electric Power Corporation (KEPCO), Tokyo Electric Power Company (TEPCO), and Électricité de France (EDF), have already experienced significant price hikes. Taipower’s rates are relatively low compared to the cost of power generation, resulting in policy-driven losses. As of 2023, Taipower has accumulated losses of NT$382.6 billion due to absorbing price increases to protect Taiwan from global inflation. The MOEA disclosed that Taipower and the CPC Corporation have discrepancies in predicting natural gas prices, leading Taipower to observe international coal prices for cost estimates in 2024. While mitigating Taipower’s financial woes in the short term poses challenges, Wang aims to prevent further losses. The MOEA will assist Taipower in lobbying the government for budget support once financial situation estimates are finalized. The decision to adjust electricity prices will be made by the Electricity Price Review Committee.

China’s military intimidation of Taiwan ahead of the presidential election has been warned by the Ministry of Foreign Affairs (MOFA). A joint statement by the US Assistant Secretary of State for East Asian and Pacific Affairs, Daniel Kritenbrink, Japanese Deputy Minister and Director-General, Kobe Yasuhiro, and Republic of Korea Deputy Minister, Chung Byung-won, expressed support for Taiwan during a three-way dialogue in Washington. China’s recent military threats towards Taiwan, including deploying balloons across the Taiwan strait, violating airspace, and suspending parts of the Economic Cooperation Framework Agreement (ECFA), have raised concerns among the international community. MOFA has raised suspicions of attempts to influence the election and emphasized Taiwan’s commitment to cooperation with the US, Japan, and South Korea to promote peace, stability, and prosperity in the Indo-Pacific region.

KMT vice-presidential candidate Jaw Shaw-kong claimed that he invited Taylor Swift to perform in Taiwan in 2023, but she declined due to concerns over the island’s geopolitical risks. Jaw warned that without a peaceful environment, investors would be discouraged from investing in Taiwan, potentially hindering the modernization and progress of businesses. He criticized the DPP for escalating tensions across the Taiwan Strait and believed that the U.S.’s harsh rhetoric and threats could deter potential investors. However, Taiwan’s Ministry of Economic Affairs disputed these claims, stating that foreign investment in Taiwan reached US＄10.7 billion by November 2023, the second-highest rate in 15 years. The MOEA emphasized that ＂war risk＂ did not deter foreign capital, citing major semiconductor companies and AI companies that have recently invested significantly in Taiwan. With the general elections approaching, the MOEA urged Jaw not to damage Taiwan’s reputation for political gain.

The Ministry of Foreign Affairs (MOFA) has stated that Beijing is working to isolate Taiwan globally in response to criticisms made by Kuomintang (KMT) presidential candidate Hou Yu-ih regarding Taiwan’s stagnant free trade agreements (FTA). During a presidential policy presentation, Hou criticized the Democratic Progressive Party (DPP) for its unsatisfactory economic performance and the lack of progress in bilateral and multilateral trade agreements. MOFA emphasized Taiwan’s commitment to global economic integration and bilateral economic cooperation, but highlighted the interference from China. MOFA believes that Taiwan’s ability to participate effectively in economic integration depends on its strength and global connections, especially as countries like the U.S. and European nations reassess their economic risks with China. MOFA urges all Taiwanese, regardless of political affiliation, to unite and enhance cooperation with like-minded nations in the face of external challenges.

Taiwan Premier Chen Chien-jen has called on former New Taipei City Mayor Hou Yu-ih and the city government to protect the residential rights of mining area residents. This follows criticism from Hou, who is also a Kuomintang (KMT) presidential candidate, towards former premiers Lai Ching-te and Su Tseng-chang for not resolving the residential rights issue after the abolition of mining rights. Chen addressed these criticisms by assuring that there has been no negligence in responding to issues related to mining area rights. He clarified that Lai’s ancestral home was refurbished from a workers’ dormitory for public trust use. Chen also confirmed that correspondence between the New Taipei City Government and central related departments had been reciprocated by the Ministry of Economic Affairs (MOEA), refuting claims that messages have been ignored or only recently responded to. Premier Chen expressed the hope that Hou Yu-ih and the New Taipei City Government will actively protect the residential rights of all miners, alleviating concerns and anxieties voiced by mining area residents.

Premier Chen Chien-jen responds to criticism from Kuomintang presidential candidate Hou Yu-ih regarding the government’s handling of mining area management. Chen refutes claims that the Executive Yuan ignored mining rights ownership issues. A disagreement between municipal authorities and the campaign headquarters of DPP presidential candidate Lai Ching-te over illegal construction in Wanli mining district has emerged. Chen clarifies that Lai has addressed the issue and plans to convert the structure into a charitable trust. The premier emphasizes that there have been extensive written exchanges between the city government and central leadership, including the Ministry of Economic Affairs. Chen expresses concern about recent alarm among mine area residents and calls on both Hou and the New Taipei City Government to defend the rights and interests of miners.

The Customs Tariff Commission of China’s State Council has announced that starting from January 1 next year, it will suspend the application of preferential tariffs for 12 categories of chemically imported goods from Taiwan, including propylene and paraxylene. China claims that Taiwan violates ECFA regulations by imposing discriminatory trade measures for products exported from China, and a trade barrier investigation by China’s Ministry of Commerce confirmed these restrictions as a trade barrier. Taiwan’s Mainland Affairs Council (MAC) accuses China of political manipulation and bypassing WTO dispute mechanisms. The Ministry of Economic Affairs (MOEA) states that the export value of ECFA’s early harvest list to China has been decreasing, projected to retract to pre-ECFA levels by year-end. The MOEA proposes managing cross-strait economic disputes under the WTO mechanism and encourages China to do the same.

Taiwan’s export orders in November reached US$50.6 billion, showing a 1% year-on-year growth after 14 consecutive months of decline, according to the Ministry of Economic Affairs’ Department of Statistics. However, export orders decreased by US$2.24 billion, or 4.2%, from October, with a seasonal-adjusted decrease of 5.4%. Notably, information and communication equipment orders increased by 10% annually to reach US$16.2 billion, ending nine months of negative growth. Electronic product orders also saw a 3.5% annual increase, amounting to US$17.8 billion and ending a 12-month downturn. Despite these positive developments, the overall export orders from January to November showed a decrease of US$97.38 billion, or 15.8%, compared to the previous year.

Taiwan People’s Party vice presidential candidate Cynthia Wu expresses disappointment with the Ministry of Foreign Affairs (MOFA) over its handling of diplomatic challenges during COP28. Wu emphasizes the need for the government to reconsider its approach to enhance the economy and diplomacy simultaneously. She highlights the recent consensus in the European Union (EU), where over 700 members of the EU Parliament passed a motion to negotiate bilateral free trade agreements with Taiwan. Wu credits MOFA, the Legislative Yuan, and herself for raising Taiwan’s international profile.

Taiwan’s investments in New Southbound countries in the first 11 months of 2023 have surpassed investments in Mainland China, according to the Ministry of Economic Affairs (MOEA). Investments in the New Southbound countries reached US＄5.13 billion, a 7.26% year-on-year increase, outstripping investments in Mainland China, which stood at US＄2.96 billion. This trend is driven by the supply chain diversification, accelerated by the U.S.-China trade war and major manufacturers’ strategies to decentralize operations. Investments in New Southbound countries now account for around 20% of Taiwan’s total overseas investments, whereas China accounts for approximately 11.5%. From January to November 2023, there were 2,102 approved cases of overseas-focused investments by Taiwanese and foreign entities, a decrease of 8.89% compared to last year. The amount invested reached about US＄10.8 billion (approximately NT＄323.7 billion), the second-highest for the period in the last 15 years but still representing a 13.04% decline from the previous year. Investments from New Southbound countries into Taiwan saw 609 approved cases within the same timeframe, an annual increase of 41.30%. The investment totaled approximately US＄2.5 billion (about NT＄75.7 billion), up 25.20% from the previous year, with the most significant inflows originating from Singapore, Thailand, and Malaysia. On a broader scale, the 504 approved cases of outbound investments from Taiwan marked a 2.44% annual increase, surging by 145.61% financially to roughly US＄22.8 billion (approximately NT＄684.4 billion). Investments in New Southbound countries revealed 195 approved cases, rising by 35.42% year-on-year, totaling around US＄5.1 billion (approximately NT＄ 154.1 billion) and constituting 20% of Taiwan’s total foreign investments. Singapore, Vietnam, and Thailand were the leading recipients. Conversely, approved investments in Mainland China amounted to 305 cases, down by 7.58%, with the approved investment sum decreasing by 33.91% to approximately US＄2.96 billion (about NT＄88.9 billion). Mainland Chinese investments in Taiwan experienced a 45.45% decline in approved cases to 24, with the investment figure falling 21.65% to about US＄27.4 million (approximately NT＄821.6 million).

The Ministry of Economic Affairs and the Ministry of Transportation and Communications in Taiwan have announced a new ＂Subsidiary Tourism＂ program aimed at boosting business travel. Foreign business travelers will be eligible for a subsidy of up to NT＄2,000 starting next year. The program has a budget of NT＄10 million and aims to support foreign business visitors to Taiwan. Stocks of related hotels have surged in response to this policy push, with analysts predicting positive growth for the tourism industry. The reduction in extended public holidays next year is expected to favor domestic tourism momentum and improve hotel occupancy rates. Overall, businesses and investors anticipate a robust year ahead for the hotel industry in Taiwan.

The number of approved overseas Chinese and foreign investments in Taiwan decreased by 8.89% to 2,102 cases in the first 11 months of 2023 compared to the same period last year. However, the investment amount from these sources reached US$10.79 billion (NT$323.7 billion), the second-highest in the past 15 years, with significant contributions from the offshore wind power sector. French company TotalEnergies Renewables SAS and British firm OSW Investments Taiwan JVCO 2 Limited increased their capital in Haiding Two International Investment Co., Ltd. by NT$5.03 billion. New companies established during this period amounted to 1,124 cases, with an investment value of US$680 million (NT$20.37 billion). Investments from Southeast Asian countries increased notably, with 609 cases, a 41.3% year-on-year increase, and a monetary surge of 25.2% to US$2.52 billion (NT$75.68 billion), mainly from Singapore, Thailand, and Malaysia. However, Chinese investments in Taiwan declined, with only 24 approved cases, a 45.45% decrease from the previous year, and investment figures dropping by 21.65% to US$27.38 million (NT$820 million). On the other hand, overseas investments from Taiwan increased, with a moderate rise in approved cases by 2.44% to 504 and a substantial annual increase of 145.61% in investment total to US$22.81 billion (NT$684.42 billion). Key overseas investments included TSMC’s US$8 billion capital injection into its Arizona subsidiary and a €3.5 billion investment in Germany’s ESMC GmbH. Foxconn Technology Group also made a significant investment of US$8 billion in its Singapore subsidiary, and Yang Ming Marine Transport Corp. invested a similar amount in Singapore-based Yang Ming (Singapore) Pte. Ltd.

Uber Eats Taiwan has partnered with electric scooter company Gogoro to launch a Green Delivery Program, aiming to promote sustainability in food deliveries. The program aims to increase the proportion of electric scooters in the Uber Eats fleet from 20 to 40 percent within two years. Gogoro’s swappable battery systems are already used in 26 percent of motorcycle logistics in Taiwan. The collaboration will provide a purchasing and battery subscription plan tailored for delivery partners, encouraging more riders to adopt green mobility. Uber Eats Taiwan aims to achieve zero emissions for global deliveries by 2040. The Ministry of Economic Affairs (MOEA) supports Uber Eats’ objective and will continue to advance subsidy policies to support green initiatives.

Join the rally against air pollution and global warming in Taichung, central Taiwan on December 24. Environmental organizations are demanding a coal-free central Taiwan and urging Taichung Mayor Lu Shiow-yen to take immediate action to phase out coal at the Taichung Power Plant by 2026. Central Taiwan is responsible for over 60% of the nation’s coal-fired power generation, causing long-term pollution. The International Energy Agency advises developed countries to achieve coal phase-out by 2030 to control temperature rise within 1.5 degrees Celsius. Taiwan’s current energy policy does not align with international trends, with proposed energy-use proportion still including 14 to 20% coal by 2030. However, data from the Ministry of Economic Affairs suggests that increased generation from natural gas and renewable sources can allow for a full coal phase-out at Taichung Power Plant by 2026, a decade earlier than Taipower’s claim. Local governments in central Taiwan are criticized for insufficient efforts to reduce coal use, and residents are urged not to wait another 12 years for a healthier environment.

The CPC Corporation, under the Ministry of Economic Affairs, has announced a reduction of NT$0.3 in gasoline prices and an increase of NT$0.3 in diesel prices starting midnight on Monday. This adjustment is part of the ongoing implementation of the dual stabilization mechanism for oil pricing. The pricing measures absorbed NT$0.2 for both gasoline and diesel this week, following a decline in the 7D3B weekly average price. The floating oil pricing mechanism originally predicted a decrease of NT$0.1 in gasoline prices and an increase of NT$0.5 in diesel prices. However, due to currency appreciation in neighboring Asian countries, Taiwan’s price adjustments fell below those of its neighbors, resulting in a net absorption of NT$0 for both types of fuel. CPC has stated that it will continue to adjust domestic fuel prices in accordance with the oil pricing formula and government tax reductions to maintain the lowest possible prices in Asia and stabilize domestic oil prices through its stabilization measures.

Taiwan’s state-run power company, Taipower, has been recognized at the Ministry of Economic Affairs’ ＂2023 Buying Power Small and Medium Enterprise and Startup Administration Awards＂ for its collaboration with the Maria Social Welfare Foundation. The award was given in appreciation of Taipower’s efforts in procuring socks made from recycled PET bottles, an eco-friendly initiative that catered to the demand for memorabilia at its annual shareholder meeting in 2023. This marks the fifth consecutive year that Taipower has received the top honor, making it the sole state-owned enterprise to be recognized this year. The company expressed pride in this achievement and highlighted its commitment not just to providing stable electricity but also to supporting environmentally friendly products. Taipower plans to sustain its responsible procurement practices and continue focusing on Environmental, Social, and Governance (ESG) issues.

The Ministry of Commerce of the People’s Republic of China (MOFCOM) has concluded its investigation into Taiwan’s ban on importing certain products from the mainland, deeming it a trade barrier. The investigation, conducted under the Foreign Trade Law and Foreign Trade Barrier Investigation Rules, found that the ban hinders cross-strait trade relations. The ban, which covers 2,455 Taiwanese goods including agricultural products, minerals, chemicals, and textiles, was announced by Beijing in April. Originally scheduled to release the findings on October 12, 2023, MOFCOM extended the deadline to January 12, 2024. Taiwan Affairs Office (TAO) spokeswoman Zhu Fenglian criticized the ban, stating that it goes against the Economic Cooperation Framework Agreement (ECFA), which aims to reduce or eliminate tariffs and non-tariff barriers between the two sides. Zhu emphasized that such restrictions harm the interests of both sides and pledged support for measures based on the investigation’s results.

Tainan’s Garden Night Market has been recognized as the only five-star night market in southern Taiwan, according to the Ministry of Economic Affairs. Tainan Mayor Huang Wei-che praised the city’s street food, which has contributed to its reputation as a food capital and attracted admiration from consumers both domestically and internationally. With the support of the Tainan City Government Economic Development Bureau and the efforts of market vendors, Tainan has received the highest rating of 1465 stars in the MOEA ratings, surpassing all other cities in Taiwan. The Flowers Night Market in Tainan’s north district is one of only two new entries in the prestigious five-star market category across the island. The Economic Development Bureau mentioned that the record number of five-star awards this year indicates the effectiveness of the incentive system in motivating markets and vendors. In anticipation of Tainan’s 400th anniversary, the local Bureau plans to expand the awards to include four-star markets and notable vendors next year, inviting entrepreneurs to join in celebrating the city’s rich history.

Taiwan’s Minister of Economic Affairs, Wang Mei-hua, has confirmed that discussions will soon take place with Taiwan Semiconductor Manufacturing Company (TSMC) regarding the inauguration date for its Kumamoto fab. The progress of TSMC’s Kumamoto fab is said to be outpacing other global expansion efforts. Wang expressed gratitude for the support provided by Japan’s central and local government authorities in establishing the plant. Equipment installation is already underway at TSMC’s Kumamoto site, with trial production set to begin in April 2024. The opening ceremony may be scheduled as early as February 24. Wang emphasized the importance of reinforcing cooperation between Taiwan and Japan, particularly in the semiconductor supply chain, and encouraged mutual investment to foster closer bilateral relations.

Kuomintang (KMT) presidential candidate Hou Yu-ih proposes a pro-US and China diplomatic stance, diverging from incumbent President Tsai Ing-wen’s approach. Hou criticizes Tsai’s foreign affairs and cross-strait policies, blaming the Tsai administration for Taiwan’s diplomatic isolation, failure to join regional economic bodies, and lack of communication with China. Hou emphasizes adhering to the Constitution of the Republic of China, affirming the nation’s sovereignty, and proposing a balanced stance between fostering solid ties with the United States and engaging with Mainland China. He also highlights the importance of Taiwan being prepared and realistic about its defense, suggesting that the island’s security should not rely solely on promises from the US but on its efforts and pragmatic relations with democratic allies. Political commentator Jaw Shau-kong fiercely criticizes the Democratic Progressive Party (DPP) for being pro-US and anti-China, deeming Tsai’s policies on cross-strait relations and international diplomacy a complete failure. Jaw points out that despite Taiwan’s willingness to import American pork, the support has yet to translate into the U.S. helping with Taiwan’s entry into international organizations.

Taiwan’s Ministry of Foreign Affairs (MOFA) has pledged an additional $2 million over the next five years to support the Western & Central Pacific Fisheries Commission (WCPFC). The donation aims to enhance the fisheries capabilities of Small Island Developing States (SIDS), including Taiwan’s Pacific allies. MOFA has already contributed $2 million since 2017 to establish a foundation that promotes sustainable fishery practices and economic development in these communities. The Western & Central Pacific Fisheries Commission is currently holding its annual session in the Cook Islands.

Launch Technologies Co., a golf manufacturer in Pingtung, Taiwan, has reached a severance agreement with 204 of its local workers following a layoff plan submitted last month. The company, which suffered a significant explosion at its factory in September, has also helped some employees find new jobs and provided them with generous severance pay. The Ministry of Economic Affairs has pledged to closely monitor the labor rights of the affected workers. The factory buildings remain closed and operations will only resume after third-party verification of their structural safety. Launch Technologies has established an internal legal team to compensate the impacted employees and has committed to continuing salary payments through the end of the year.