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Taiwan and India eye electronics industry collaboration
The strengthening ties between Taiwan and India as TAITRA Chairman Huang Chih-fang visits enterprises in Delhi, highlighting the booming electronics industry and potential for collaboration. This visit underscores the rapid economic growth in India and the strategic partnership opportunities, especially in light of global supply chain shifts.2024/07/08 10:34 -
Trump threatens to revoke Biden’s IPEF framework if elected
Former U.S. President Donald Trump has stated that he would revoke current President Joe Biden’s Indo-Pacific Economic Framework (IPEF) if he wins the 2024 presidential election. Trump argues that the IPEF could negatively impact the American manufacturing industry and lead to increased unemployment rates. The U.S. previously withdrew from the Trans-Pacific Partnership (TPP) due to similar concerns. Negotiations for Biden’s IPEF began in September 2022, with a focus on major southern powers like India and Indonesia, aiming to promote economic cooperation and exclude China. The IPEF includes countries such as Australia, Singapore, Japan, and 10 other Indo-Pacific nations, constituting about 40% of the global GDP. It emphasizes fair and resilient trade, supply chain resilience, and clean energy. Taiwan’s chief trade negotiator expressed the country’s interest in monitoring the IPEF’s development and presenting a proposal for Taiwan’s inclusion at the appropriate time. President Tsai Ing-wen has also expressed Taiwan’s desire to join the IPEF, believing it would create more business opportunities for Taiwanese and U.S. companies.2023/11/20 12:11