Participants at a Taipei seminar on cross-strait agricultural exchanges expressed their doubts yesterday about the competitiveness of the nation's agricultural products in the Chinese market in light of their high prices.
Huang Chin-shan (黃金山), secretary-general of the Taiwan External Trade Development Council (TAITRA, 外貿協會), pointed out that China is one of the major fruit-producing countries in the world and imports only 103 tonnes of fruit a year, mainly from Thailand, Vietnam and the Philippines.
It is doubtful if Taiwan fruits can compete with the relatively cheap products from these Southeast Asian countries after they enter the Chinese market, Huang said.
According to Huang, TAITRA started promoting Taiwanese fruits to China several years ago, but the reaction has been unsatisfactory.
Mainland Affairs Council Vice Chairman Huang Wei-feng (黃偉峰) noted that although Taiwanese fruits are best known for their high quality, their prices tend to be high because of the expensive production costs involved.
In addition, China currently imposes a 20 percent customs duty and a 17 percent business tax on imported fruits, and it is still uncertain when China will start its pledged tariff-free treatment for 15 kinds of Taiwan fruits, Huang Wei-feng said.
He said the government has never prohibited the export of agricultural products to China, including fruits, pointing out that Taiwan exported agricultural products worth US$292 million to China and US$822 million to Hong Kong last year, which accounted for 23 percent of Taiwan's total agricultural exports.
However, fruit exports to China and Hong Kong last year amounted to only US$890,000 and US$7.54 million, respectively, which represents 1.78 percent of Taiwan's total fruit production value, he said.
Liaw An-ding (廖安定), director of the Council of Agriculture's Planning Department, said China is actually more interested in attracting agricultural investments from Taiwan because the lack of critical technology is a main disadvantage of China's agricultural sector.
Liaw warned that Taiwan will lose its competitive edge if the government does not manage cross-strait investment effectively and allows the transfer of Taiwan's agricultural technology to China.
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), the world’s largest contract chipmaker, yesterday said its materials management head, Vanessa Lee (李文如), had tendered her resignation for personal reasons. The personnel adjustment takes effect tomorrow, TSMC said in a statement. The latest development came one month after Lee reportedly took leave from the middle of last month. Cliff Hou (侯永清), senior vice president and deputy cochief operating officer, is to concurrently take on the role of head of the materials management division, which has been under his supervision, TSMC said. Lee, who joined TSMC in 2022, was appointed senior director of materials management and
Nvidia Corp CEO Jensen Huang (黃仁勳) on Thursday met with US President Donald Trump at the White House, days before a planned trip to China by the head of the world’s most valuable chipmaker, people familiar with the matter said. Details of what the two men discussed were not immediately available, and the people familiar with the meeting declined to elaborate on the agenda. Spokespeople for the White House had no immediate comment. Nvidia declined to comment. Nvidia’s CEO has been vocal about the need for US companies to access the world’s largest semiconductor market and is a frequent visitor to China.
Hypermarket chain Carrefour Taiwan and upscale supermarket chain Mia C’bon on Saturday announced the suspension of their partnership with Jkopay Co (街口支付), one of Taiwan’s largest digital payment providers, amid a lawsuit involving its parent company. Carrefour and Mia C’bon said they would notify customers once Jkopay services are reinstated. The two retailers joined an array of other firms in suspending their partnerships with Jkopay. On Friday night, popular beverage chain TP Tea (茶湯會) also suspended its use of the platform, urging customers to opt for alternative payment methods. Another drinks brand, Guiji (龜記), on Friday said that it is up to individual
STABLE RESULTS: Despite June’s lower consolidated revenue, second-quarter sales still reached a record high, driven by demand for chips for AI applications Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) yesterday reported consolidated sales of NT$263.71 billion (US$9.02 billion) for last month, its second-lowest monthly result this year. The world’s largest contract chipmaker said in a statement that its revenue last month only fared better than the NT$260.01 billion posted in February. Last month’s figure rose 26.9 percent from a year earlier, but slumped 17.7 percent from May, the company said. However, second-quarter revenue reached NT$933.8 billion, a record high for a single quarter, company data showed. The figure represented growth of 11.26 percent from the first quarter and 38.6 percent from a year earlier. Previously, TSMC said that