Focus Taiwan
Date: 2018/12/07
By: Liao Yu-yang and Ko Lin
Taipei, Dec. 7 (CNA) Vice Economics Minister Wang Mei-hua (王美花) has called on the
Image taken from Pixabay
European Union (EU) to pursue the signing of a bilateral investment agreement (BIA) with Taiwan as soon as possible to create a favorable investment environment for both sides.
Wang, who was in Brussels for the 30th Trade Consultation Meeting between Taiwan and the European Union held Wednesday, said the EU supported the idea of an investment agreement, but several issues still need to be discussed, according to a statement issued by the Ministry of Economic Affairs (MOEA) Friday.
Among them, the EU has expressed concerns over Taiwan’s proposal to cut the feed-in tariff (FIT) rate for its offshore wind power sector, Wang said.
In November, the government released a proposal to reduce the 2019 FIT from NT$5.8 (US$0.189) per kilowatt hour (kWh) to NT$5.1. [FULL STORY]
