Taiwan relies heavily on tech from US

Taiwan imports almost 80 percent of technology costs from the United States: MOEA

Taiwan News
Date: 2017/07/26
By: Taiwan News Staff

TAIPEI (Taiwan News)–Almost 80 percent of Taiwan’s imported technology costs come from the United States, according to Ministry of Economic Affairs (MOEA).

In Taiwan’s latest report on imported technology released by MOEA costs show NT$160.1 billion (US$5.28 billion) in 2015, with the U.S. accounting for NT$124.3 billion. Imported technology costs include expenses like licensing fees, technology aids, royalty payments, and consulting fees.

In second place is Japan, though imported technology costs for 2015 fell 1.9 percent from 2014, when costs rose 7.9 percent from a year earlier, the MOEA added.

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