The ninth Taiwan-Israel economic and technological cooperation conference opened in Jerusalem yesterday, with representatives from the public and private sectors of the two countries in attendance, an official with the Ministry of Economic Affairs told reporters.
Vice Minister of Economic Affairs Hsieh Fa-tah (
Israel excels at high-tech innovation, research and development, while Taiwan has a solid foundation for high-tech product manufacturing and marketing, the official said, adding that the two countries should make the most of such complementary advantages and explore various emerging markets in Southeast Asia, Eastern Europe and Central and South America.
Two-way trade between Taiwan and Israel amounted to around US$1.02 billion for the first 11 months of last year, according to official statistics. Taiwan's exports to Israel totaled US$427 million, while imports from Israel reached US$596 million.
Meanwhile, the cumulative amount of investment by Taiwan-ese manufacturers in Israel as of the end of November had reached US$31.34 million, mainly in the high-tech, electronics and machinery sectors, while Israel recorded a total investment of US$18 million in Taiwan.
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Former Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) chairman Mark Liu (劉德音) yesterday warned against the tendency to label stakeholders as either “pro-China” or “pro-US,” calling such rigid thinking a “trap” that could impede policy discussions. Liu, an adviser to the Cabinet’s Economic Development Committee, made the comments in his keynote speech at the committee’s first advisers’ meeting. Speaking in front of Premier Cho Jung-tai (卓榮泰), National Development Council (NDC) Minister Paul Liu (劉鏡清) and other officials, Liu urged the public to be wary of falling into the “trap” of categorizing people involved in discussions into either the “pro-China” or “pro-US” camp. Liu,
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