The Ministry of Economic Affairs launched a series of measures to help Taiwan businesses operating overseas in response to the increased tariffs imposed by the U.S. on countries such as Canada and Mexico, spotlighting government work to ensure steady growth of the country’s enterprises.
Task forces will be established by Taiwan External Trade Development Council’s (TAITRA) overseas offices in Canada, Mexico, the U.S., South Asia and Southeast Asia to offer consultations and services, the MOEA said, adding that a hotline has also been set up by TAITRA headquarters.
In addition, the MOEA will provide customized services for Taiwan enterprises who are interested in relocation, such as moving to the U.S. to establish factories or moving some of their manufacturing processes to countries like India or in Southeast Asia. The ministry will provide information on target markets, including local laws and regulations and market opportunities while offering assistance for enterprises to find local partners to cooperate with.
The ministry will also establish an investment and trade service center in the U.S., the MOEA said, adding that the center will help Taiwan businesses assess the investment environment of various U.S. states, evaluate supply chain shift plans and facilitate matches with local partners.
The Industrial Technology Research Institute International Inc. will promote R&D and manufacturing cooperation between Taiwan and the U.S., assist Taiwan businesses in carrying out technical cooperation and joint investment plans to enhance competitiveness.
The MOEA will continue to carefully monitor international trade and maintain communication with industries, it said, adding that the ministry will provide timely support to ensure Taiwan enterprises find the best strategies amid global changes. (YCH-E)
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