Premier Cho Jung-tai said April 21 that Taiwan is committed to strengthening collaboration with the U.S. as the government anticipates negotiations on issues including reciprocal tariffs and the elimination of non-tariff trade barriers.
Cho made the remarks while meeting with a delegation from the Taiwanese Chambers of Commerce of North America at the Executive Yuan. He thanked the TCCNA for visiting the U.S. Congress in March to advocate for the passage of resolutions normalizing Taiwan-U.S. diplomatic relations, as well as hosting commercial exchange seminars and donating to California wildfire relief in January.
The premier went on to say that the Executive Yuan will allocate a budget of NT$88 billion (US$2.7 billion) to support industries impacted by the latest round of U.S. tariffs. After the budget is approved by the Legislative Yuan, the implementation of relevant measures will be coordinated by the Ministries of Agriculture, Economic Affairs, Finance and Labor, he noted, adding that the government proposed negotiation terms during the first videoconference with the U.S. April 11 and hopes to launch formal talks soon.
Cho said that he and President Lai Ching-te toured the country over the past couple of weeks to consult with industrial representatives and will update the measures to incorporate their input. The government will also continue to back industries by promoting business transformation, expansion into diverse international markets and personnel cultivation, as well as providing tax exemptions, he added.
According to Cho, the government will enhance the investment environment to encourage more Taiwan enterprises operating overseas to return to the country and ramp up activity under the five trusted industry sectors initiative proposed by Lai. He expressed hope that concerted public-private cooperation would help Taiwan overcome international challenges, adding that the government is committed to helping domestic industries achieve digital and net-zero transformations and supporting the advancement of high-tech sectors and micro-, small- and medium-sized enterprises to form a strong vertical supply chain.
The premier concluded by encouraging the TCCNA to continue speaking up for Taiwan and its interests while opening doors for local businesses in the U.S. (YCH-E)
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Cho made the remarks while meeting with a delegation from the Taiwanese Chambers of Commerce of North America at the Executive Yuan. He thanked the TCCNA for visiting the U.S. Congress in March to advocate for the passage of resolutions normalizing Taiwan-U.S. diplomatic relations, as well as hosting commercial exchange seminars and donating to California wildfire relief in January.
The premier went on to say that the Executive Yuan will allocate a budget of NT$88 billion (US$2.7 billion) to support industries impacted by the latest round of U.S. tariffs. After the budget is approved by the Legislative Yuan, the implementation of relevant measures will be coordinated by the Ministries of Agriculture, Economic Affairs, Finance and Labor, he noted, adding that the government proposed negotiation terms during the first videoconference with the U.S. April 11 and hopes to launch formal talks soon.
Cho said that he and President Lai Ching-te toured the country over the past couple of weeks to consult with industrial representatives and will update the measures to incorporate their input. The government will also continue to back industries by promoting business transformation, expansion into diverse international markets and personnel cultivation, as well as providing tax exemptions, he added.
According to Cho, the government will enhance the investment environment to encourage more Taiwan enterprises operating overseas to return to the country and ramp up activity under the five trusted industry sectors initiative proposed by Lai. He expressed hope that concerted public-private cooperation would help Taiwan overcome international challenges, adding that the government is committed to helping domestic industries achieve digital and net-zero transformations and supporting the advancement of high-tech sectors and micro-, small- and medium-sized enterprises to form a strong vertical supply chain.
The premier concluded by encouraging the TCCNA to continue speaking up for Taiwan and its interests while opening doors for local businesses in the U.S. (YCH-E)
Write to Taiwan Today at ttonline@mofa.gov.tw
from Taiwan Today – Top News