Taiwan, joined by the US and Japan, on Monday asked the WTO to settle a case in its favor against the EU by ordering the EU to eliminate its import duties on certain high-technology products of which Taiwan is one of the world’s biggest producers.
In the first joint US-Taiwan complaint in the WTO since Taiwan was admitted to the organization in 2001, the three countries asked the WTO to establish a dispute settlement panel, after talks with the EU failed to resolve the issue under the organization’s preliminary consultation process.
The WTO is expected to take up the request to establish the panel at its next meeting on Aug. 29, US Trade Representative Susan Schwab said in announcing the request in Washington.
PRODUCTS
At issue are three widely used products: cable boxes that enable TV sets to access the Internet, flat-panel computer monitors and advanced computer printers that can fax, scan and copy.
Schwab estimated that the world’s exports of these products totaled US$70 billion last year.
The three countries claim that under the WTO Information Technology Agreement (ITA) — signed by virtually all the world’s countries — the EU had pledged duty-free treatment for the three products.
TARIFFS
But in 2006, the EU imposed tariffs of 14 percent on the monitors, 13.9 percent on the cable boxes and 6 percent on the printers, in violation of it’s ITA commitment.
When Taiwan decided to join the US and Japan in the complaint late last month, Chen Chern-chyi, the Office of Trade Negotiation’s top negotiator, said that the EU had imposed the tariffs “in an attempt to attract Taiwanese LCD [liquid-crystal display] firms who wish to avoid high tariffs to set up factories in Eastern Europe.”
Taiwan is a major producer of all three products at issue, especially the cable boxes and the flat screens, a Taipei Economic and Cultural Representative Office official in Washington said.
Taiwan’s annual production of the flat screens has exceeded NT$1 trillion (US$31.9 billion) since 2006 and is expected to generate NT$2 trillion by 2015, official statistics show.
News reports said that the value of flat-screen exports to the EU was estimated at NT$100 billion last year.
Taiwan, the US and Japan held two rounds of talks with the EU last month, but early this month Chen said: “the atmosphere was amicable, but there was no solution.”
GROWING CONCERN: Some senior Trump administration officials opposed the UAE expansion over fears that another TSMC project could jeopardize its US investment Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) is evaluating building an advanced production facility in the United Arab Emirates (UAE) and has discussed the possibility with officials in US President Donald Trump’s administration, people familiar with the matter said, in a potentially major bet on the Middle East that would only come to fruition with Washington’s approval. The company has had multiple meetings in the past few months with US Special Envoy to the Middle East Steve Witkoff and officials from MGX, an influential investment vehicle overseen by the UAE president’s brother, the people said. The conversations are a continuation of talks that
With an approval rating of just two percent, Peruvian President Dina Boluarte might be the world’s most unpopular leader, according to pollsters. Protests greeted her rise to power 29 months ago, and have marked her entire term — joined by assorted scandals, investigations, controversies and a surge in gang violence. The 63-year-old is the target of a dozen probes, including for her alleged failure to declare gifts of luxury jewels and watches, a scandal inevitably dubbed “Rolexgate.” She is also under the microscope for a two-week undeclared absence for nose surgery — which she insists was medical, not cosmetic — and is
Nintendo Co hopes to match the runaway success of the Switch when its leveled-up new console hits shelves on Thursday, with strong early sales expected despite the gadget’s high price. Featuring a bigger screen and more processing power, the Switch 2 is an upgrade to its predecessor, which has sold 152 million units since launching in 2017 — making it the third-best-selling video game console of all time. However, despite buzz among fans and robust demand for pre-orders, headwinds for Nintendo include uncertainty over US trade tariffs and whether enough people are willing to shell out. The Switch 2 “is priced relatively high”
Alchip Technologies Ltd (世芯), an application-specific integrated circuit (ASIC) designer specializing in artificial-intelligence (AI) chips, yesterday said that small-volume production of 3-nanometer (nm) chips for a key customer is on track to start by the end of this year, dismissing speculation about delays in producing advanced chips. As Alchip is transitioning from 7-nanometer and 5-nanometer process technology to 3 nanometers, investors and shareholders have been closely monitoring whether the company is navigating through such transition smoothly. “We are proceeding well in [building] this generation [of chips]. It appears to me that no revision will be required. We have achieved success in designing