Taiwan not trade competitor to U.S.: senior trade official

Focus Taiwan
Date: 2017/03/31
By: Huang Ya-chuan and Elizabeth Hsu

(CNA file photo)

Taipei, March 31 (CNA) With Taiwan being regarded as one of the sources of the huge

(CNA file photo)

U.S. trade deficit, a senior official at the Bureau of Foreign Trade (BOFT) said Friday that Taiwan and the U.S. are not competitors, because over 80 percent of Taiwan’s exports to the U.S. are intermediate goods.

Those products include machine equipment, computer peripherals, automobile parts and components, screws and bolts, said David Hsu (徐大衛,) deputy director-general of the BOFT, in response to reporters’ questions about U.S. President Donald Trump’s actions to crack down
on what he sees as trade abuses against his country.

The content of Taiwan’s exports indicate that Taiwan and the U.S. maintain “mutually beneficial relations,” because only with exports of finished products like computers can there be competitive relations, Hsu said.

Products such as computers account for only a small share of Taiwan’s exports to the U.S., he noted.    [FULL  STORY]

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