Taiwan Proposes 'Taiwan Model' for US Industrial Investment
Taiwan is eager to share its successful science park experience with the US, proposing the 'Taiwan Model' for industrial investment. This comes as the US has shown interest in collaborating under this model, which combines entrepreneurial initiative with state financial guarantees. Taiwan is seeking specific concessions in negotiations and exploring a high-tech strategic partnership with Yahoo Finance.
The Taiwan Model allows corporate owners to choose industries for investment, with government financial support. Taiwan has held five rounds of talks with the US this year to discuss this model, along with supply chain collaboration, tariff rates, and preferential tariffs for semiconductors. Specifically, Taiwan seeks reduced tariff rates, comprehensive preferential treatment, and improved US investment opportunities. Currently, the US tariff policy on Taiwan stands at a provisional rate of 20%, which Taiwan hopes to reduce. To facilitate industry cluster formation, Taiwan is requesting land, utilities, services, and visa issuance support from the US.
Taiwan's proposal of the 'Taiwan Model' for investing in the US is gaining traction, with both parties discussing potential concessions and collaborations. These negotiations aim to foster industrial clusters and innovation, with Taiwan sharing its science park experience internationally. The outcome of these talks will shape the future of US-Taiwan trade relations, particularly in the high-tech sector.
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