The nation’s Central American allies have been calling for Taiwanese companies to move their production bases to the region amid the US-China trade war.
A report released by Yuanta-Polaris, an economic think tank, said that Taiwan’s machine tool and electronic components industries were two sectors likely be the most affected by the trade war, as such items account for about half of Chinese imports to the US.
Sooner or later, they will be targeted by the US administration, the report said.
Photo: Lu Yi-hsuan, Taipei Times
Many Taiwanese companies use China as a manufacturing base for machine tools and electronic components to be exported to the US.
Department of International Cooperation and Economic Affairs Director-General Phoebe Yeh (葉非比) said at the Ministry of Foreign Affairs yesterday that it is a top priority to encourage more Taiwanese investment in the nation’s allies around the globe.
Given the trade war between the world’s two biggest economies, Yeh said that many Central American allies have urged production lines to be moved from China to the region.
By doing so, Taiwanese companies could benefit from free-trade deals governments there have with the US, as well as easier access to the US market.
“Given the situation, we encourage Taiwanese companies to move their production bases to our allies in Central America,” Yeh said.
Several allies in the region have been making similar calls for years, including Honduran Ambassador to Taiwan Rafael Fernando Sierra Quesada.
Sierra has repeatedly called on Taiwan to be part of the region’s development to build a “win-win situation” for both sides.
Central America can benefit from the nation’s knowledge and investment, while Taiwan can, from its free-trade deals with those nations, obtain easier access to markets in North and South America, Sierra said.
An essay competition jointly organized by a local writing society and a publisher affiliated with the Chinese Communist Party (CCP) might have contravened the Act Governing Relations Between the People of the Taiwan Area and the Mainland Area (臺灣地區與大陸地區人民關係條例), the Mainland Affairs Council (MAC) said on Thursday. “In this case, the partner organization is clearly an agency under the CCP’s Fujian Provincial Committee,” MAC Deputy Minister and spokesperson Liang Wen-chieh (梁文傑) said at a news briefing in Taipei. “It also involves bringing Taiwanese students to China with all-expenses-paid arrangements to attend award ceremonies and camps,” Liang said. Those two “characteristics” are typically sufficient
A magnitude 5.9 earthquake that struck about 33km off the coast of Hualien City was the "main shock" in a series of quakes in the area, with aftershocks expected over the next three days, the Central Weather Administration (CWA) said yesterday. Prior to the magnitude 5.9 quake shaking most of Taiwan at 6:53pm yesterday, six other earthquakes stronger than a magnitude of 4, starting with a magnitude 5.5 quake at 6:09pm, occurred in the area. CWA Seismological Center Director Wu Chien-fu (吳健富) confirmed that the quakes were all part of the same series and that the magnitude 5.5 temblor was
The brilliant blue waters, thick foliage and bucolic atmosphere on this seemingly idyllic archipelago deep in the Pacific Ocean belie the key role it now plays in a titanic geopolitical struggle. Palau is again on the front line as China, and the US and its allies prepare their forces in an intensifying contest for control over the Asia-Pacific region. The democratic nation of just 17,000 people hosts US-controlled airstrips and soon-to-be-completed radar installations that the US military describes as “critical” to monitoring vast swathes of water and airspace. It is also a key piece of the second island chain, a string of
The Central Weather Administration has issued a heat alert for southeastern Taiwan, warning of temperatures as high as 36°C today, while alerting some coastal areas of strong winds later in the day. Kaohsiung’s Neimen District (內門) and Pingtung County’s Neipu Township (內埔) are under an orange heat alert, which warns of temperatures as high as 36°C for three consecutive days, the CWA said, citing southwest winds. The heat would also extend to Tainan’s Nansi (楠西) and Yujing (玉井) districts, as well as Pingtung’s Gaoshu (高樹), Yanpu (鹽埔) and Majia (瑪家) townships, it said, forecasting highs of up to 36°C in those areas
RSS