Taiwan and New Zealand have agreed to begin feasibility studies on the possibility of an economic cooperation agreement, the Ministry of Economic Affairs (MOEA) said yesterday.
An agreement was reached yesterday between the Taipei Economic and Cultural Office in Wellington and the New Zealand Commerce and Industry Office in Taipei that both sides will separately carry out feasibility studies to gauge the economic impact if an agreement is signed, the ministry said.
The studies are expected to be completed in less than a year, Minister of Economic Affairs Shih Yen-shiang (施顏祥) told reporters.
That makes New Zealand the second country after Singapore to examine the possibility of an economic agreement since June last year.
Taiwan and Singapore have completed feasibility studies and have now begun formal negotiations on a trade pact, the minister said, adding that negotiations are still ongoing.
With warmer cross-strait ties, Taiwan is aggressively pursuing trade pacts with other countries.
Indonesia, India and the Philippines have expressed interest in signing economic deals with Taiwan, but have not entered into official talks.
According to Shih, signing an economic cooperation agreement would not only reduce tariffs, but also serve as a catalyst to boost mutual investment activities.
He said Taiwan and New Zealand could explore collaboration in investments such as green energy, film production and agricultural biotechnology after signing an agreement.
Taiwan mainly exports machinery components, panels, notebooks, gasoline, bicycles and wireless transmission equipment to New Zealand, whereas New Zealand exports beef, dairy products, kiwi fruit, apples and aluminum to Taiwan, according to the ministry.
Tariffs on some of these products are expected to be cut if both sides sign a trade pact.
Taiwan was New Zealand’s eighth-largest export market last year, exporting US$610 million in goods to Taiwan. Taiwan exported US$470 million in goods to New Zealand.
Meanwhile, Vice Minister of Economic Affairs Lin Sheng-chung (林聖忠) yesterday said the ministry was continuing to lobby the EU in the hope of signing an economic cooperation agreement as soon as possible.
He made the remarks after holding talks with European Commission Deputy Director-General for Trade Joao Aguiar Machado.
Lin said the EU agreed to deepen trade ties with Taiwan, but signing a trade deal would be a mid to long-term issue to work toward and both sides would continue exploring the possibility.
SELF-SUFFICIENCY: Alibaba is one of a number of Chinese firms that has answered Beijing’s call to invest in the development of cutting-edge technologies Alibaba Group Holding Ltd (阿里巴巴) yesterday unveiled a new server chip that is based on advanced 5-nanometer technology, marking a milestone in China’s pursuit of semiconductor self-sufficiency. The Chinese tech giant’s newest chip is based on micro-architecture provided by the SoftBank Group Corp-owned Arm Ltd, it said. Alibaba, which is holding its annual cloud summit in Hangzhou, China, said that the chip is to be used in its own data centers in the “near future” and would not, for the time being, be sold commercially. “Customizing our own server chips is consistent with our ongoing efforts toward boosting our computing capabilities with better
Production at Taiwan Semiconductor Manufacturing Corp’s (TSMC, 台積電) fabs was not affected by a fire at a construction site for a water recycling facility in the Southern Taiwan Science Park in Tainan. The world’s biggest contract chipmaker said that the construction site is not adjacent to its fabs, which were unaffected. CTCI Corp (中鼎工程) is responsible for the construction of the facility, which it is to operate itself once it is completed, the chipmaker said. The facility caught fire at about 11am, and the blaze was brought under control about 30 minutes after the incident was reported, the Southern Taiwan Science Park Administration
‘SHORT-TERM ECONOMIC PAIN’: A military takeover would only temporarily weigh on wafer production on both sides of the Taiwan Strait, IC Insights said Taiwan has more chip manufacturing capacity than any other economy in the world, US-based market information advisory firm IC Insights said in a research paper last week, cautioning that the nation’s strength could prompt China to attempt to take over Taiwan. Taiwan commanded 21.4 percent of global installed IC capacity, ahead of South Korea’s 20.4 percent, Japan’s 15.8 percent and China’s 15.3 percent, North America’s 12.6 percent and Europe’s 5.7 percent, IC Insights said. Taiwan is one of two countries that uses 10-nanometer technology or better to produce wafers, holding 62.8 percent of global capacity, with South Korea holding the remaining 37.2
AGGRESSIVE STEP: With the new processors, Apple is aiming at the high-end chips Intel has provided for the MacBook Pro and other top-end Macs for about 15 years Apple Inc on Monday took the most aggressive step yet to strip Intel Corp chips from its computers, announcing more powerful homegrown Mac processors alongside a total revamp of its MacBook Pro laptop computers. The company showcased the chips at an event called “Unleashed,” which also included its latest audio products. The new components, called the M1 Pro and M1 Max chips, are 70 percent faster than its M1 predecessors, Apple said. It also unveiled a redesigned MacBook Pro, adding larger screens, MagSafe charging and better resolution. With the new processors and devices, Apple is aiming squarely at the high-end chips that Intel has