Taipei, Nov. 17 (CNA) Local semiconductor companies responded positively Thursday to a proposed increase in tax deductions for corporate spending on research, development, and equipment investment, which Premier Su Tseng-chang (蘇貞昌) touted as being the largest ever in Taiwan.
By Wang Meng-lun, Wu Hsin-tien and Jonathan Chin / Staff reporters, with staff writerThe Bilingual 2030 plan is critical for future generations of Taiwanese to compete economically, National Development Council Minister Kung Ming-hsin （龔明鑫） said in an interview published yesterday.
Washington, June 28 (CNA) United States Trade Representative (USTR) Katherine Tai told an investment summit on Tuesday that the U.S. would aim to reach "high-standard commitments" on trade issues with Taiwan through a newly launched joint initiative.
Washington aims to reach “high-standard commitments” on trade issues with Taiwan through a new joint initiative, US Trade Representative Katherine Tai (戴琪) told an investment summit on Tuesday.
“Our next steps include developing and agreeing on a road map for negotiations so we can reach high-standard commitments and outcomes in key areas,” Tai said of the US-Taiwan Initiative on 21st Century Trade at the SelectUSA Investment Summit.
The event which is organized by the US Department of Commerce and the International Trade Administration promotes foreign direct investment. It ended yesterday in Maryland after starting on Sunday.
Taipei and Washington would focus
Taiwan and the US should work more closely on exchanges in the technology sector, in particular on semiconductors, artificial intelligence, telecoms and space exploration, National Development Council (NDC) Minister Kung Ming-hsin (龔明鑫) said during a visit to Washington on Monday.
In a speech at the Global Taiwan Institute, a think tank researching Taiwan’s international policy, Kung said deeper bilateral cooperation would not only create business opportunities, but also serve as a major driving force for related developments across the world, such as digital transformation.
The fact that he is leading a 265-member delegation to the SelectUSA Investment Summit, an annual event sponsored