The legislature endorsed the WTO’s decision to admit Taiwan to the Government Procurement Agreement (GPA) yesterday, paving the way for Taiwan’s formal accession as the 41st signatory of the accord.
With the legislature’s endorsement, the Cabinet is expected to submit the paperwork to President Ma Ying-jeou (馬英九) for signing, after which the document will be sent to the WTO.
The WTO Committee on Government Procurement formally approved Taiwan’s application to enter the GPA on Dec. 9.
Taiwan is required to send the paperwork to the WTO Secretariat within six months to complete the accession procedure. The agreement will enter into force on the 30th day following the date of Taiwan’s accession.
The legislature also adopted a rider demanding that Taiwan’s WTO permanent mission express the country’s opposition to a resolution adopted in 2006 by the WTO Committee on Government Procurement.
The resolution says: “None of the nomenclature or other terminology used [in the decision of accession to the GPA] have implications for sovereignty.”
In the accession agreement, Taiwan listed the names of the central government’s Cabinet-level bodies and the Presidential Office as the entities “which procure in accordance with the provisions” of the agreement.
SECOND-RATE: Models distilled from US products do not perform the same as the original and undo measures that ensure the systems are neutral, the US’ cable said The US Department of State has ordered a global push to bring attention to what it said are widespread efforts by Chinese companies, including artificial intelligence (AI) start-up DeepSeek (深度求索), to steal intellectual property from US AI labs, according to a diplomatic cable. The cable, dated Friday and sent to diplomatic and consular posts around the world, instructs diplomatic staff to speak to their foreign counterparts about “concerns over adversaries’ extraction and distillation of US AI models.” Distillation is the process of training smaller AI models using output from larger, more expensive ones to lower the costs of training a powerful new
Singapore-based ride-hailing and delivery giant Grab Holdings’ planned acquisition of Foodpanda’s Taiwan operations has yet to enter the formal review stage, as regulators await supplementary documents, the Fair Trade Commission (FTC) said yesterday. Acting FTC Chairman Chen Chih-min (陳志民) told the legislature’s Economics Committee that although Grab submitted its application on March 27, the case has not been officially accepted because required materials remain incomplete. Once the filing is finalized, the FTC would launch a formal probe into the deal, focusing on issues such as cross-shareholding and potential restrictions on market competition, Chen told lawmakers. Grab last month announced that it would acquire
Shares of Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) have repeatedly hit new highs, but an equity analyst said the stock’s valuation remains within a reasonable range and any pullback would likely be technical. The contract chipmaker’s historical price-to-earnings (P/E) ratio has ranged between 20 and 30, Cathay Futures Consultant Co (國泰證期) analyst Tsai Ming-han (蔡明翰) told Central News Agency. With market consensus projecting that TSMC would post earnings per share of about NT$100 (US$3.17) this year, supported by strong global demand for artificial intelligence (AI) applications, and the stock currently trading at a P/E ratio of below 25, Tsai said the valuation
The artificial intelligence (AI) boom has triggered a seismic reshuffling of global equity markets, with Taiwan and South Korea muscling past European nations one by one. With its stock market now valued at nearly US$4.3 trillion, Taiwan surpassed the UK, Europe’s biggest market, earlier this month, data compiled by Bloomberg showed. South Korea is about US$140 billion away from doing the same. The tech-heavy Asian markets have shot past Germany and France in the past seven months. The shift is largely down to massive gains in shares of three companies that provide essential hardware for AI: Taiwan Semiconductor Manufacturing Co (TSMC, 台積電),