The third edition of the EU Investment Forum would be held in Taipei next month, focusing on opportunities in sustainable industries in the EU, the European Economic and Trade Office (EETO) said on Wednesday.
The one-day event, to be held on Oct. 25, would include a series of discussions on how Taiwan and the EU can collaborate on building a sustainable future, the office said.
Kerstin Jorna, director-general of the European Commission’s Department of Internal Market, Industry, Entrepreneurship and SMEs, would deliver a keynote address, titled the “European Green Deal: A transition toward climate neutrality, circular and competitive economy,” the office said.
Other participants would provide information about the investment environment, regulations and policies in the EU, with regard to various industries in different nations, it said.
President Tsai Ing-wen (蔡英文), Minister of Economic Affairs Wang Mei-hua (王美花) and other top government officials are scheduled to attend the opening ceremony, the office said.
EETO Director Filip Grzegorzewski told a news conference that the EU has resources such as professional workers, top academic and research institutes, and excellent infrastructure.
It would be in the interest of Taiwanese companies to invest in the EU’s 27 member nations and benefit from its single market, he said.
As the biggest investor in the nation, the EU has “a commitment to Taiwan,” and sees the nation as a “like-minded partner” and “a fellow democracy” that values the rule of law, Grzegorzewski said.
“We want to see Taiwan grow; we want to see Taiwan develop. We want Taiwan to internationalize... We want Taiwan to be part of the international community,” he said.
Amid global challenges, such as supply chain disruptions and energy crises, Taiwan and the EU would be “better off” if they work together and share their experiences, Grzegorzewski added.
Deputy Minister of Economic Affairs Chen Chern-Chyi (陳正祺) told the news conference that the government maintains its policy to “help Taiwanese businesses connect internationally.”
“We encourage our companies to form and to integrate into European supply chains to become trusted and reliable partners of Europe,” Chen said.
The EETO said that it plans to hold two other business events next month. The first one would be held on Tuesday next week in Taoyuan, featuring the electric vehicle industry, while the other, scheduled for Oct. 8 in Kaohsiung, is to focus on the information and communication technology industry.
EU-based companies in 2020 invested a total of US$48.8 billion in Taiwan, accounting for 25.7 percent of total foreign direct investment that year, while Taiwanese firms invested US$7.3 billion in the EU, EETO data showed.
HORMUZ ISSUE: The US president said he expected crude prices to drop at the end of the war, which he called a ‘minor excursion’ that could continue ‘for a little while’ The United Arab Emirates (UAE) and Kuwait started reducing oil production, as the near-closure of the crucial Strait of Hormuz ripples through energy markets and affects global supply. Abu Dhabi National Oil Co (ADNOC) is “managing offshore production levels to address storage requirements,” the company said in a statement, without giving details. Kuwait Petroleum Corp said it was lowering production at its oil fields and refineries after “Iranian threats against safe passage of ships through the Strait of Hormuz.” The war in the Middle East has all but closed Hormuz, the narrow waterway linking the Persian Gulf to the open seas,
Nanya Technology Corp (南亞科技) yesterday said the DRAM supply crunch could extend through 2028, as the artificial intelligence (AI) boom has led the world’s major memory makers to dramatically reduce production of standard DRAM and allocate a significant portion of their capacity for high-bandwidth memory (HBM) chips. The most severe supply constraints would stretch to the first half of next year due to “very limited” increases in new DRAM capacity worldwide, Nanya Technology president Lee Pei-ing (李培瑛) told a news briefing. The company plans to increase monthly 12-inch wafer capacity to 20,000 in the first half of 2028 after a
Taiwan has enough crude oil reserves for more than 100 days and sufficient natural gas reserves for more than 11 days, both above the regulatory safety requirement, Minister of Economic Affairs Kung Ming-hsin (龔明鑫) said yesterday, adding that the government would prioritize domestic price stability as conflicts in the Middle East continue. Overall, energy supply for this month is secure, and the government is continuing efforts to ensure sufficient supply for next month, Kung told reporters after meeting with representatives from business groups at the ministry in Taipei. The ministry has been holding daily cross-ministry meetings at the Executive Yuan to ensure
RATIONING: The proposal would give the Trump administration ample leverage to negotiate investments in the US as it decides how many chips to give each country US officials are debating a new regulatory framework for exporting artificial intelligence (AI) chips and are considering requiring foreign nations to invest in US AI data centers or security guarantees as a condition for granting exports of 200,000 chips or more, according to a document seen by Reuters. The rules are not yet final and could change. They would be the first attempt to regulate the flow of AI chips to US allies and partners since US President Donald Trump’s administration said it rescinded its predecessor’s so-called AI diffusion rules. Those rules sought to keep a significant amount of AI
RSS