By: Pan Tzu-yu, Tsai Peng-min and Frances Huang
Taipei, May 15 (CNA) Taiwan companies are likely to play a critical role in the
development of a “non-red supply chain,” as the government has been offering incentives for overseas-based Taiwanese firms to return home, Minister without Portfolio Kung Ming-hsin (龔明鑫) said Wednesday, referring to a supply chain outside China.
Speaking at an economic forum held by the Taiwan Institute of Economic Research (TIER) on the economic outlook in Asia, Kung said an increasing number of China-based Taiwanese firms are looking to move at least part of their production back to Taiwan amid an escalating trade war between the United States and China.
Meanwhile, some Southeast Asian countries have been contacting the Taiwan government, hoping Taiwanese firms in China will shift some of their investments there, Kung said.
With the relocation of Taiwanese manufacturers back home and to Southeast Asian countries, the development of a “non-red supply chain” in the region will be strengthened, Kung said. [FULL STORY]