The nation is ready to defend its rights in the global fisheries community at an international meeting to be held today in Micronesia, Fisheries Administration officials said yesterday.
Fisheries Administration Director-General Hsieh Ta-wen (謝大文), Taiwan's chief delegate, will detail a management program on the nation's efforts to regulate its deep-sea fishing industry during the second annual meeting of the Wes-tern and Central Pacific Fisheries Commission (WCPFC), in anticipation that Japan will make fresh allegations about Taiwan's fishing practices on the high seas, according to the officials.
Owing to pressure from Japan, which complained about Taiwan's overfishing, the International Commission for the Conservation of Atlantic Tuna (ICCAT) agreed during its Nov. 20 annual meeting to cap the annual quota for the nation's bigeye tuna catch in the Atlantic at 4,600 tonnes for next year -- a large reduction from the current level of 14,900 tonnes.
As Japan is expected to raise new protests against Taiwan in today's WCPFC annual meeting since it already put forth documents last week to a WCPFC committee accusing Taiwan of "fish laundering," the WCPFC annual conference chair has agreed to allow the nation to elaborate on its fishing boat reduction plan to other members in today's meeting after Taiwanese delegates gave an initial explanation to the chair, the officials said.
Leading Taiwanese bicycle brands Giant Manufacturing Co (巨大機械) and Merida Industry Co (美利達工業) on Sunday said that they have adopted measures to mitigate the impact of the tariff policies of US President Donald Trump’s administration. The US announced at the beginning of this month that it would impose a 20 percent tariff on imported goods made in Taiwan, effective on Thursday last week. The tariff would be added to other pre-existing most-favored-nation duties and industry-specific trade remedy levy, which would bring the overall tariff on Taiwan-made bicycles to between 25.5 percent and 31 percent. However, Giant did not seem too perturbed by the
Foxconn Technology Co (鴻準精密), a metal casing supplier owned by Hon Hai Precision Industry Co (鴻海精密), yesterday announced plans to invest US$1 billion in the US over the next decade as part of its business transformation strategy. The Apple Inc supplier said in a statement that its board approved the investment on Thursday, as part of a transformation strategy focused on precision mold development, smart manufacturing, robotics and advanced automation. The strategy would have a strong emphasis on artificial intelligence (AI), the company added. The company said it aims to build a flexible, intelligent production ecosystem to boost competitiveness and sustainability. Foxconn
TARIFF CONCERNS: Semiconductor suppliers are tempering expectations for the traditionally strong third quarter, citing US tariff uncertainty and a stronger NT dollar Several Taiwanese semiconductor suppliers are taking a cautious view of the third quarter — typically a peak season for the industry — citing uncertainty over US tariffs and the stronger New Taiwan dollar. Smartphone chip designer MediaTek Inc (聯發科技) said that customers accelerated orders in the first half of the year to avoid potential tariffs threatened by US President Donald Trump’s administration. As a result, it anticipates weaker-than-usual peak-season demand in the third quarter. The US tariff plan, announced on April 2, initially proposed a 32 percent duty on Taiwanese goods. Its implementation was postponed by 90 days to July 9, then
AI SERVER DEMAND: ‘Overall industry demand continues to outpace supply and we are expanding capacity to meet it,’ the company’s chief executive officer said Hon Hai Precision Industry Co (鴻海精密) yesterday reported that net profit last quarter rose 27 percent from the same quarter last year on the back of demand for cloud services and high-performance computing products. Net profit surged to NT$44.36 billion (US$1.48 billion) from NT$35.04 billion a year earlier. On a quarterly basis, net profit grew 5 percent from NT$42.1 billion. Earnings per share expanded to NT$3.19 from NT$2.53 a year earlier and NT$3.03 in the first quarter. However, a sharp appreciation of the New Taiwan dollar since early May has weighed on the company’s performance, Hon Hai chief financial officer David Huang (黃德才)
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