The US government may consider removing Taiwan from the Special 301 Priority Watchlist if a revised version of the Copyright Law (著作權法) is passed by the Legislative Yuan in the coming months, the American Chamber of Commerce in Taipei (AmCham) said yesterday.
"Passage by the Legislative Yuan in the coming months of a strengthened Copyright Law would be likely to have a major impact on whether Taiwan remains on the Special 301 Priority Watchlist," AmCham said in a statement.
Last month Taiwan remained on Washington's "Special 301" priority watch list, which monitors violations of intellectual property rights (IPR), for the fourth year in a row.
Fourteen other economies, including the entire EU, join Taiwan on the list, and they are all subject to trade sanctions by Washington if the situation does not improve.
"US officials said it is possible that a mid-cycle review of Taiwan's status could be held, and that in light of other progress seen in improving Taiwan's intellectual property rights protection, Taiwan could finally be removed from the Priority Watchlist if the legislation is enacted," AmCham said in the statement.
An AmCham delegation is now visiting Washington for its 2004 Washington Doorknock mission.
The delegation, led by AmCham president Andrea Wu (王吳小珍), is expected to call on 25 government agencies, congressional offices and think tanks during the three-day mission.
The Legislative Yuan passed the revised Copyright Law in June last year after making a total of 53 changes to a draft originally proposed by the Executive Yuan. The amended law also empowers the police to initiate arrests of counterfeiters without first receiving a complaint from those whose rights have been violated.
But the amended law is considered by the US to be in need of further revision, AmCham said.
The original bill drafted by the Executive Yuan was seen as acceptable, but it was watered down substantially in the Legislative Yuan in the final days before the bill came to a vote, AmCham added.
TECH PARTNERSHIP: The deal with Arizona-based Amkor would provide TSMC with advanced packing and test capacities, a requirement to serve US customers Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) is collaborating with Amkor Technology Inc to provide local advanced packaging and test capacities in Arizona to address customer requirements for geographical flexibility in chip manufacturing. As part of the agreement, TSMC, the world’s biggest contract chipmaker, would contract turnkey advanced packaging and test services from Amkor at their planned facility in Peoria, Arizona, a joint statement released yesterday said. TSMC would leverage these services to support its customers, particularly those using TSMC’s advanced wafer fabrication facilities in Phoenix, Arizona, it said. The companies would jointly define the specific packaging technologies, such as TSMC’s Integrated
China’s economic planning agency yesterday outlined details of measures aimed at boosting the economy, but refrained from major spending initiatives. The piecemeal nature of the plans announced yesterday appeared to disappoint investors who were hoping for bolder moves, and the Shanghai Composite Index gave up a 10 percent initial gain as markets reopened after a weeklong holiday to end 4.59 percent higher, while Hong Kong’s Hang Seng Index dived 9.41 percent. Chinese National Development and Reform Commission Chairman Zheng Shanjie (鄭珊潔) said the government would frontload 100 billion yuan (US$14.2 billion) in spending from the government’s budget for next year in addition
Sales RecORD: Hon Hai’s consolidated sales rose by about 20 percent last quarter, while Largan, another Apple supplier, saw quarterly sales increase by 17 percent IPhone assembler Hon Hai Precision Industry Co (鴻海精密) on Saturday reported its highest-ever quarterly sales for the third quarter on the back of solid global demand for artificial intelligence (AI) servers. Hon Hai, also known as Foxconn Technology Group (富士康科技集團) globally, said it posted NT$1.85 trillion (US$57.93 billion) in consolidated sales in the July-to-September quarter, up 19.46 percent from the previous quarter and up 20.15 percent from a year earlier. The figure beat the previous third-quarter high of NT$1.74 trillion recorded in 2022, company data showed. Due to rising demand for AI, Hon Hai said its cloud and networking division enjoyed strong sales
Protectionism: US trade chief Katherine Tai said the hikes would help to counter unfair trade practices from China, while boosting domestic clean energy investments US Trade Representative Katherine Tai (戴琪) defended stiff tariff hikes against countries such as China, saying that paired with investment, they were a “legitimate and constructive” tool for reinvigorating domestic industries. Tai’s comments come a week after sharp tariff increases on Chinese electric vehicles (EVs), EV batteries and solar cells took effect — with levies down the line on other products also recently finalized. The latest moves targeting US$18 billion in Chinese goods come weeks before next month’s US presidential election, with Democrats and Republicans pushing a hard line on China as competition between Washington and Beijing intensifies. In an interview on Thursday