Washington’s top Taiwan affairs official last week affirmed Taiwan’s “leading role” in the global high-tech industry during a forum on bilateral business collaboration.
Continued development of trade relations between Taiwan and the US would strengthen supply chain resiliency in response to the Chinese economic threat, US Deputy Assistant Secretary of State for China, Taiwan and Mongolia Rick Waters said in a recorded address in Columbus, Ohio, on Wednesday.
Waters was speaking at the Taiwan-US Business Roundtable Forum in the Midwest, held for the first time in Ohio.
Photo: Still frame grab from the recorded speech
Themed “Innovation and High-tech Global Supply Chains,” this year’s edition of the forum was jointly organized by the Taipei Economic and Cultural Office in Chicago, JobsOhio, the Ohio Chamber of Commerce and the Taiwan Trade Center of Chicago.
Considering Ohio’s importance in manufacturing and the automobile industry, participants in the two panels discussed high-tech supply chains and how to enhance economic partnerships on innovative technologies such as chip design and electric vehicles.
In attendance were Representative to the US Hsiao Bi-khim (蕭美琴); Ohio Lieutenant Governor Jon Husted; US Representative Steve Chabot, who is a founding cochair of the Congressional Taiwan Caucus; Ohio Chamber of Commerce president and chief executive officer Steve Stivers; and a variety of business representatives.
Standing in for US Secretary of State Antony Blinken, Waters hailed recent developments in Taiwan-US trade cooperation, including the second Economic Prosperity Partnership Dialogue held in November last year and the resumption of Trade and Investment Framework Agreement talks.
Especially in light of Russia’s war in Ukraine, the need for like-minded partners such as Taiwan and the US to work together to address the dangers of authoritarianism is greater than ever, he said.
In his address, Stivers brought up Intel’s planned US$20 billion investment to make Ohio a regional hub for semiconductor manufacturing, a sector in which Taiwan is a top player.
Nations with similar ideals should work together to create mutual economic and technological benefits, he said, while other speakers called for Taiwan’s inclusion in the US’ proposed Indo-Pacific Economic Framework.
The Legislative Yuan’s Finance Committee yesterday approved proposed amendments to the Amusement Tax Act (娛樂稅法) that would abolish taxes on films, cultural activities and competitive sporting events, retaining the fee only for dance halls and golf courses. The proposed changes would set the maximum tax rate for dance halls and golf courses at 50 and 20 percent respectively, with local governments authorized to suspend the levies. Article 2 of the act says that “amusement tax shall be levied on tickets sold or fees charged by amusement places, facilities or activities” in six categories: “Cinema; professional singing, story-telling, dancing, circus, magic show, acrobatics
Tainan, Taipei and New Taipei City recorded the highest fines nationwide for illegal accommodations in the first quarter of this year, with fines issued in the three cities each exceeding NT$7 million (US$220,639), Tourism Administration data showed. Among them, Taipei had the highest number of illegal short-term rental units, with 410. There were 3,280 legally registered hotels nationwide in the first quarter, down by 14 properties, or 0.43 percent, from a year earlier, likely indicating operators exiting the market, the agency said. However, the number of unregistered properties rose to 1,174, including 314 illegal hotels and 860 illegal short-term rental
INFLATION UP? The IMF said CPI would increase to 1.5 percent this year, while the DGBAS projected it would rise to 1.68 percent, with GDP per capita of US$44,181 The IMF projected Taiwan’s real GDP would grow 5.2 percent this year, up from its 2.1 percent outlook in January, despite fears of global economic disruptions sparked by the US-Iran conflict. Taiwan’s consumer price index (CPI) is projected to increase to 1.5 percent, while unemployment would be 3.4 percent, roughly in line with estimates for Asia as a whole, the international body wrote in its Global Economic Outlook Report published in the US on Monday. The figures are comparatively better than the IMF outlook for the rest of the world, which pegged real GDP growth at 3.1 percent, down from 3.3 percent
ECONOMIC COERCION: Such actions are often inconsistently applied, sometimes resumed, and sometimes just halted, the Presidential Office spokeswoman said The government backs healthy and orderly cross-strait exchanges, but such arrangements should not be made with political conditions attached and never be used as leverage for political maneuvering or partisan agendas, Presidential Office spokeswoman Karen Kuo (郭雅慧) said yesterday. Kuo made the remarks after China earlier in the day announced 10 new “incentive measures” for Taiwan, following a landmark meeting between Chinese President Xi Jinping (習近平) and Chinese Nationalist Party (KMT) Chairwoman Cheng Li-wun (鄭麗文) in Beijing on Friday. The measures, unveiled by China’s Xinhua news agency, include plans to resume individual travel by residents of Shanghai and China’s Fujian
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