The government will not “directly” resume talks with China over a cross-strait trade in goods agreement until a supervisory bill clears the legislative floor, Minister of Economic Affairs Lee Chih-kung (李世光) said on Friday last week.
“We will continue making progress on the cross-strait trade in services and goods pacts when a draft bill of supervisory regulations on cross-strait agreements secures legislative approval,” Lee told a media gathering after he took office on Friday morning.
In other words, the ministry is not restarting formal negotiations over the trade in goods agreement with China for the time being, he said.
From now on, the government will discuss all cross-strait economy-related issues as part of a cross-ministry platform at the Executive Yuan, Lee said.
The ministry has started to analyze the feasibility of easing restrictions on Chinese investment in Taiwan’s industries and regulations on China-bound investment and is to present the results to the platform for deliberation, he said.
He said the government is not “disagreeing” with the idea of opening Taiwan’s markets, but the nation’s industries must become stronger before being exposed to global markets.
If the nation’s industries are not globally competitive, there would be limited products the government can use to negotiate reciprocal terms with other nations, he said.
In an effort to push the government’s “new southbound policy,” Lee said the ministry has reviewed a few local companies’ projects that the new policy could apply to.
Lee said the “new southbound policy” is not simply an economic policy, as the government also has to consider the interests of other nations and overseas Taiwanese businesspeople.
The ministry is to help overseas Taiwanese businesspeople communicate their needs and assist them in operations in accordance with the government’s plans, he said.
Commenting on the government’s energy policy, Lee said that the ministry would play the most important role in developing and promoting “green” energy in the nation, as the government plans to phase out nuclear power and fossil-fuel-based power plants.
Lee said the government would not immediately reduce electricity contribution from fossil-fuel power plants after nuclear power plants are retired in 2025, adding that there is time for the government to develop renewable energy generation.
Solar power would be one of the first renewable energy sources that the government plans to focus on, as many Taiwanese manufacturers already have adequate knowledge and technologies, Lee said.
Given that eight out of the world’s 10 best offshore wind farm locations are on Taiwan’s coast, the government also plans to invest in the development of offshore wind energy, Lee said.
As the government plans to increase the power contribution from renewable energy sources, it would also help to develop the nation’s green energy industry by localizing the supply chains of Taiwan’s industries, Lee said.
The government aims to expand the localization rate of offshore wind farm supply chains to 81 percent by 2020 from this year’s target of 16 percent, he said.
This would create new job opportunities, while also accelerating the development of the green energy industry in Taiwan, he added.
AIR SUPPORT: The Ministry of National Defense thanked the US for the delivery, adding that it was an indicator of the White House’s commitment to the Taiwan Relations Act Deputy Minister of National Defense Po Horng-huei (柏鴻輝) and Representative to the US Alexander Yui on Friday attended a delivery ceremony for the first of Taiwan’s long-awaited 66 F-16C/D Block 70 jets at a Lockheed Martin Corp factory in Greenville, South Carolina. “We are so proud to be the global home of the F-16 and to support Taiwan’s air defense capabilities,” US Representative William Timmons wrote on X, alongside a photograph of Taiwanese and US officials at the event. The F-16C/D Block 70 jets Taiwan ordered have the same capabilities as aircraft that had been upgraded to F-16Vs. The batch of Lockheed Martin
GRIDLOCK: The National Fire Agency’s Special Search and Rescue team is on standby to travel to the countries to help out with the rescue effort A powerful earthquake rocked Myanmar and neighboring Thailand yesterday, killing at least three people in Bangkok and burying dozens when a high-rise building under construction collapsed. Footage shared on social media from Myanmar’s second-largest city showed widespread destruction, raising fears that many were trapped under the rubble or killed. The magnitude 7.7 earthquake, with an epicenter near Mandalay in Myanmar, struck at midday and was followed by a strong magnitude 6.4 aftershock. The extent of death, injury and destruction — especially in Myanmar, which is embroiled in a civil war and where information is tightly controlled at the best of times —
Taiwan was ranked the fourth-safest country in the world with a score of 82.9, trailing only Andorra, the United Arab Emirates and Qatar in Numbeo’s Safety Index by Country report. Taiwan’s score improved by 0.1 points compared with last year’s mid-year report, which had Taiwan fourth with a score of 82.8. However, both scores were lower than in last year’s first review, when Taiwan scored 83.3, and are a long way from when Taiwan was named the second-safest country in the world in 2021, scoring 84.8. Taiwan ranked higher than Singapore in ninth with a score of 77.4 and Japan in 10th with
SECURITY RISK: If there is a conflict between China and Taiwan, ‘there would likely be significant consequences to global economic and security interests,’ it said China remains the top military and cyber threat to the US and continues to make progress on capabilities to seize Taiwan, a report by US intelligence agencies said on Tuesday. The report provides an overview of the “collective insights” of top US intelligence agencies about the security threats to the US posed by foreign nations and criminal organizations. In its Annual Threat Assessment, the agencies divided threats facing the US into two broad categories, “nonstate transnational criminals and terrorists” and “major state actors,” with China, Russia, Iran and North Korea named. Of those countries, “China presents the most comprehensive and robust military threat
RSS