The government is encouraging Taiwanese companies based in China to take the US-China trade war as their cue to relocate.
The News Lens
Date: 2018/09/10
By: Roy C. Lee
Credit: Reuters / TPG
Last month, Taiwan President Tsai Ing-wen (蔡英文) urged government agencies to facilitate Taiwanese business in China (Taishang) to relocate their investment in order to avoid fallout from the ongoing U.S.-China trade war.
Naturally, Tsai wishes that relocation to focus on countries that fall under the New Southbound Policy(NSP), her administration’s major foreign policy initiative that seeks to reduce Taiwan’s reliance on cross-Strait trade by deepening cultural and economic ties with 18 Southeast and South Asian countries.
Indeed, data this week from the Ministry of Economic Affairs (MoEA) suggests Taiwanese businesses are already turning their attention south, with companies in the textile, electronics and bicycle industries the most likely to relocate in the face of the brewing U.S.-China trade war. [FULL STORY]