Trade in 結果共118筆

Taiwan’s National Development Council Minister, Kung Ming-hsin, expressed the hope for Taiwan to swiftly sign an Economic Cooperation Agreement (ECA) with Australia. In his speech, he emphasized the potential for collaboration in the hydrogen energy sector to boost industrial development between the two countries. Kung, on behalf of Taiwan’s government, accepted the official release of the 2023 White Paper by the Australia New Zealand Chamber of Commerce (ANZCHAM). He highlighted the record high trade of US$34.08 billion among Taiwan, New Zealand, and Australia last year. Kung also emphasized Australia’s crucial role as a major supplier of energy and agricultural products for Taiwan, emphasizing the complementarity between their economic industries. He mentioned Taiwan’s involvement in offshore wind financing operations with the Macquarie Group and its target of 10% of its energy mix coming from hydrogen, particularly green hydrogen, illustrating the potential for energy cooperation with New Zealand and Australia.

DPP presidential candidate Lai Ching-te criticizes KMT rival Hou Yu-ih for advocating the employment of Chinese students in Taiwan, claiming it would take away job opportunities from Taiwanese youths. Lai expresses concerns about the impact of the Cross-Strait Service Trade Agreement (CSSTA) with China, stating that it allows Chinese nationals to compete with local vendors in the service industry. The crowd fears that increased competition from Chinese workers could harm their businesses and livelihoods. Lai emphasizes President Tsai Ing-wen’s efforts to reduce reliance on the Chinese market and highlights China’s high youth unemployment rate, cautioning that opening borders to students from China could worsen job scarcity for young people in Taiwan.

Western Digital Corporation (WD) has announced that it will increase prices in response to the recent price hikes in the memory chip industry. Following Samsung’s 20% price increase, WD has informed its downstream channels and contract manufacturers that hard drive products will be subject to weekly price reviews, with adjustments expected to begin in the first half of next year. The company has projected that the cumulative increase in NAND Flash prices could reach up to 55%. These price increases align with the World Semiconductor Trade Statistics (WSTS) organization’s projection of a 44.8% revenue growth in the memory market for the coming year. Market research firm Gartner has estimated an even more significant surge, predicting a 66.3% increase in memory market revenue. While this suggests a strong demand for memory products, it also indicates rising costs for manufacturers and potentially higher prices for consumers in the technology sector.

The Democratic Progressive Party (DPP) responded to allegations from the Kuomintang (KMT) that DPP vice presidential candidate Hsiao Bi-khim was excessively pro-American. Chen Shi-kai, spokesperson for DPP presidential candidate Lai Ching-te’s campaign office, criticized the KMT for its lack of understanding of economic trade issues and Taiwan-U.S. relations. The KMT, led by legislator candidate Hsu Chiao-hsin, accused Hsiao of being subservient to the U.S. during her time in Washington, citing a classified communication log documenting a bilateral meeting discussing the Indo-Pacific Economic Framework for Prosperity proposed by U.S. President Joe Biden. Chen defended Hsiao by highlighting recent milestones in Taiwan-U.S. cooperation, such as the signing of the Taiwan-U.S. 21st Century Trade Initiative and efforts to resolve double taxation issues. Chen criticized the KMT candidate for illegally disclosing classified documents for political gain and called for an explanation of the motives and authenticity of the disclosure. This defense by the DPP spokesperson reflects the tensions leading up to Taiwan’s presidential elections, with U.S.-Taiwan relations remaining a significant political issue. The political drama highlights the intensity of Taiwan’s electioneering, where U.S. ties and Taiwan’s global economic positioning are crucial issues for voters. The impact of these debates on public opinion remains to be seen as Taiwan prepares for the polls.

Taiwan’s exports for 2023 are projected to exceed US＄400 billion, making it the third-highest on record. Minister of Finance Chuang Tsui-yun expressed confidence in the sustained positive trend, with monthly exports in the fourth quarter expected to surpass US＄30 billion each. The country has accumulated US＄355.1 billion in export figures for the first ten months, putting it on track to achieve the forecast. Year-end stockpiling needs, emerging technologies, and opportunities in artificial intelligence contribute to cautious optimism for November and December’s export performance. Taiwan’s full-year exports are anticipated to trail behind the US＄446.4 billion seen in 2021 and the US＄479.4 billion in 2022. Since 2017, Taiwan’s annual exports have consistently surpassed US＄300 billion, a significant increase from the figures prior to 2016. The Directorate General of Budget, Accounting, and Statistics forecasts a 6.3 percent export growth rate for the coming year.

The story discusses the criticism of the revival of the Cross-Strait Service Trade Agreement (CSSTA) by Democratic Progressive Party (DPP) spokesperson Chang Chih-hao. Chang argues that the CSSTA, an outdated agreement from a decade ago, could harm Taiwan’s interests. This statement was in response to calls from Kuomintang (KMT) presidential candidate Hou Yu-ih and Taiwan People’s Party (TPP) candidate Ko Wen-je to reopen the service trade pact with China. Chang criticizes the China-centric economic and trade policies of former President Ma Ying-jeou, which he believes led to an unbalanced cross-strait economic environment. He highlights the negative impact the CSSTA could have on Taiwan’s industries, jobs, and salary levels. Chang also points out Taiwan’s recent economic achievements, such as the stock market’s performance, while noting China’s high youth unemployment rate. The DPP supports healthy and fair cross-strait exchanges but emphasizes the importance of avoiding political motives and unfair trade. Chang calls for a balanced approach to cross-strait economic and trade agreements and stresses the need for open communication with society when dealing with China’s economic coercion.

The World Semiconductor Trade Statistics (WSTS) predicts a 13.1% surge in global semiconductor revenue for 2024, reaching US$588.364 billion. Memory products are expected to be the main driver, with a projected revenue jump of 44.8%. In contrast, current-year revenues are estimated to decline by 9.4% to approximately US$520.126 billion. WSTS has revised its current-year revenue predictions due to better-than-expected performances in certain end markets. Discrete semiconductors are projected to grow by 5.8% in 2023, while optoelectronic products, sensors, and integrated circuits are anticipated to experience declines of 3%, 10.9%, and 8.9% respectively. Europe is the only market expected to expand, with a growth rate of 5.9%, while the American market is predicted to decline by 6.1%, Japan by 2%, and the Asia-Pacific region by 14.4%. In 2024, growth is anticipated across all major markets and semiconductor product categories, including memory, discrete semiconductors, optoelectronics, and sensors. Europe is predicted to grow by 4.3%, Japan by 4.4%, the American market by 22.3%, and the Asia-Pacific region by 12%.

Explore how the shifting dynamics between China and the U.S. are influencing multinational supply chains, leading Taiwanese professionals to seek opportunities in Southeast Asia, particularly in Thailand. Discover Thailand’s strategic advantages in labor and electric vehicle initiatives and Taiwan’s collaborative efforts.

Okinawa Governor Denny Tamaki made a low-profile visit to Taiwan from November 23 to 25, where he met with key figures including Su Jia-chyuan, the president of the Taiwan-Japan Relations Association (TJRA), and Paul Hsu, the Chairman of the General Chamber of Commerce of the Republic of China (ROCCOC). The focus of Tamaki’s trip was on meetings with economic and tourism-related groups from Okinawa, with no official engagements with Taiwanese government entities. During his visit, Tamaki expressed gratitude to Su for discussions aimed at fostering tourism and economic exchanges between Taiwan and Okinawa. The primary objective of Tamaki’s visit was to explore business cooperation, engaging with Japanese business representatives and Okinawan officials in discussions. Both parties anticipate swift progress toward further collaboration, and an invitation was extended for Tamaki to revisit Taiwan and for a Taiwanese group to enjoy Wagyu beef in Okinawa. The exchange concluded with the mutual presentation of local specialties as mementos of their meeting.

The Chinese National Federation of Industries (CNFI) will host the ＂2023 Taiwan Economic Development Forum — Dialogue with Future National Leaders＂ on Nov. 27, 29-30. The forum aims to address critical issues for Taiwan’s economic development, including industrial development, energy, environmental protection, labor force, taxation, international trade, cross-strait economic relations, long-term care, and social insurance. Key candidates for the upcoming presidential election, including Taiwan People’s Party (TPP) Chairman Ko Wen-je, Kuomintang (KMT) New Taipei Mayor Hou Yu-ih, and Democratic Progressive Party (DPP) presidential candidate Lai Ching-te, will present their policies and participate in discussions. The forum will be presided over by CNFI Chairman Matthew F.C. Miau, Chinese National Association of Industry and Commerce (CNAIC) Chairman Thomas Wu, and General Chamber of Commerce of the Republic of China (ROCCOC) Chairman Paul Hsu. The event will take place at the Taipei International Convention Center (TICC).

Hsiao Bi-khim, the Democratic Progressive Party’s vice-presidential candidate, expressed concern about the dark ＂vortex＂ of Taiwanese politics but remains focused on serving the nation without distraction. During a media session, Hsiao acknowledged her role in promoting the U.S.-Taiwan Initiative on 21st-Century Trade and negotiations for the ＂Avoidance of Double Taxation Agreement.＂ She highlighted bipartisan support in the U.S. Congress and efforts to propose legislative drafts. Hsiao also discussed tackling unanticipated issues such as supply chain resilience and securing vaccines during her time in the U.S. She emphasized the challenges stemming from Taiwan’s unique international status and the unfair treatment of Taiwanese in the global arena. Hsiao sees the resilience of the Taiwanese people as a strength, allowing them to pragmatically seek paths to their goals. She believes her life experiences have fortified her to face challenges with greater strength.

Taiwan’s foreign investment landscape has undergone a significant shift, with investments in Southeast Asia surpassing those in mainland China for the first time in 30 years. From January to October this year, Taiwan invested US＄4.96 billion in Southeast Asia compared to US＄2.63 billion in China. The total number of approved foreign investments during the same period decreased by 8.18%, totaling 1,864 investments. The total investment amount was US＄8.39 billion, marking a 27.35% decrease compared to the previous year. Jiangsu Province emerged as the main beneficiary of Taiwan’s investments in mainland China this year. The changes in Taiwanese investment behavior can be attributed to shifts in global supply chains caused by the COVID-19 pandemic and the China-U.S. trade war. Notably, Taiwan Semiconductor Manufacturing Company (TSMC), Foxconn, and Yang Ming Marine Transport Corporation played a significant role in foreign investment, with TSMC investing US＄8 billion in U.S. companies and €3.5 billion in German firms, while Foxconn and Yang Ming Marine each injected US＄800 million into Singaporean businesses. This year marks the first time in three decades that investment in Southeast Asia has exceeded that in mainland China.

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.

Taiwan’s Ministry of Labor (MOL) plans to introduce Indian migrant workers to address labor shortages. The initiative will adhere to domestic regulations and is not an immediate importation of 100,000 workers. The MOL will negotiate a Memorandum of Understanding (MOU) on labor service cooperation with India to ensure quality workers without disrupting social stability. Several countries have had positive experiences importing Indian labor, and currently, around 2,700 Indian laborers work in Taiwan. Taiwan’s economic and trade relationships with India are strong, making labor cooperation a priority. After signing the MOU, discussions on industrial quotas will occur. The MOL will rigorously assess qualification criteria such as language skills, professional abilities, educational background, and good behavior. The aim is for the introduction of migrant workers to contribute positively to Taiwan’s economic and societal development.

The 2023 APEC summit between the U.S. and China in San Francisco highlights tensions in their relationship, particularly regarding Taiwan. Violent clashes between anti-Xi protestors and supporters of the Chinese president marred the day, with protestors outnumbered and overpowered. The summit aimed to address sensitive issues and find common ground, but the situation became increasingly tense. The White House reiterated its support for the one-China policy while expressing hopes for Taiwan’s development and freedom of choice in trade partners.

Chinese President Xi Jinping reiterates his stance on the ＂Taiwan issue＂ to U.S. President Joe Biden during their 2.5-hour conversation at the Filoli Estate in San Francisco. Xi urges the U.S. to take concrete actions demonstrating non-support for Taiwan independence, halt arms supply to Taiwan, and support China’s peaceful reunification. He presents the U.S. with two choices: strengthen unity for global challenges or retain a zero-sum mentality that leads to instability and division. Xi believes conflicts are unmanageable and emphasizes China’s development promotes rejuvenation without exporting ideologies or plans to overthrow the U.S. He warns against suppressing and containing China’s ambitions.

Germany is looking to strengthen its ties with Taiwan in various sectors, including academics and trade, according to Petra Sigmund, the German Director General for Asia and Pacific. Despite not having diplomatic relations with Taiwan, Germany is committed to maintaining and expanding connections with the country. While Germany adheres to the ＂One China Policy,＂ it does not preclude official interactions with Taiwan, which can extend up to a ministerial level. Germany’s top representatives, such as the president, chancellor, and foreign minister, do not establish contact with Taiwan, but the country intends to utilize other open contact spaces. Sigmund emphasized that Germany will strive to preserve these spaces, even if it disturbs China, as Taiwan holds significant importance to Germany.

The Asia-Pacific Economic Cooperation (APEC) Leaders’ Week 2023 in San Francisco will be a significant event for Taiwan. The country’s main focuses during the summit include the U.S-China leaders’ talks, the possibility of meetings between U.S. President Joe Biden and TSMC Founder Morris Chang, progress on U.S-Taiwan trade negotiations, and Taiwan’s potential participation in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). President Biden is scheduled to meet with Chinese President Xi Jinping to discuss trade, Taiwan, the U.S.-China tech war, and PLA activities in the Taiwan Strait. Taiwan officials are also working towards arranging a meeting between Chang and Biden. While the first agreement under the U.S.-Taiwan Initiative on 21st Century Trade has been signed, the second round of negotiations is not progressing as expected. Taiwan’s Minister Without Portfolio John Deng hopes to meet with U.S. Trade Representative Katherine Tai during the summit to confirm progress. Additionally, Taiwan will likely use the APEC summit as an opportunity to hold bilateral talks with CPTPP members to garner support for its admission to the trade pact.

Taiwan and the UK have signed a historic Enhanced Trade Partnership (ETP), marking the first trade agreement of its kind between Taiwan and a European country. The agreement covers digital trade, investment, renewable energy, and net-zero carbon emissions. Future discussions may include trade facilitation, anti-corruption initiatives, and service industry management. Taiwan is the first country in the Indo-Pacific region to sign an ETP deal with the UK. The agreement is seen as a symbol of enhanced Taiwan-UK relations and could serve as a model for other nations. The deal is particularly significant considering the UK’s entrance into the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), which may have implications for Taiwan’s prospective membership.

New Taipei’s annual Christmasland, opening on November 17, will feature stunning light sculptures and kick off a series of festive activities. Deputy Mayor Liu Ho-jan expects a record-breaking turnout of 7.7 million visitors this year. A pop concert on December 9 and 10 will further enhance the holiday spirit. The New Taipei Christmas Market, themed the ＂Santa gift box,＂ will delight attendees with local gourmet foods and tourism factories from December 1 to 3. Additionally, the German Trade Office Taipei will host a Christmas party from December 15 to 17, showcasing an authentic German Christmas village in the downtown area.

Taiwan’s Minister of Economic Affairs emphasizes the importance of key tech industries to the country’s economy and the need to protect them from corporate espionage. The high-tech sector in Taiwan has attracted attention from mainland China, resulting in the headhunting of Taiwanese tech talent. In response, Taiwan amended its National Security Act to impose stricter penalties for theft of business secrets. Additionally, Taiwan’s industrial production index has declined for 16 months, but there are signs of increased demand in the AI industry chain. Despite uncertainties in consumer behavior and global economic recovery, industry feedback suggests potential growth in future quarters.

Amidst rising tensions between the U.S., China, and Taiwan, Ambassador Kurt Tong of The Asia Group highlights the overlooked yet significant mutual benefits of U.S.-Taiwan trade and investment. Tong urges policymakers and the public to focus on economic opportunities that can lead to long-term profitable relationships between the U.S. and Taiwan.

Vice President Lai Ching-te praises Taiwan’s textile industry for its resilience and innovation in smart manufacturing at the 2023 Taipei Innovative Textile Application Show. The industry shows strong economic contributions, with a focus on functional textiles worn by global athletes, and aims for a future of digital transformation.

Taiwan’s Defense Minister Chiu Kuo-cheng comments on South Korea’s ongoing legal investigation into several marine tech firms involved in Taiwan’s navy submarine project. The probe poses questions about trade laws and raises concerns about regional security and potential economic retaliation from China.

China’s decision to extend its trade barrier investigation into Taiwan, which coincides with the upcoming elections, is seen by Taiwan’s Executive Yuan as a politically motivated move to interfere with the elections. The Executive Yuan argues that this action violates World Trade Organization (WTO) rules. Taiwan maintains that it has not violated any WTO rules and criticizes China’s investigation process as opaque and discriminatory. The extension of the investigation date is seen as further evidence of China’s political agenda. Both the Executive Yuan and the Mainland Affairs Council call on China to stop politicizing trade issues and adhere to WTO regulations in resolving disputes.