Developing R&D should be the way forward to benefit from the U.S.-China trade war: MIC
Taiwan News
Date: 2018/12/21
By: Matthew Strong, Taiwan News, Staff Writer
Taiwanese companies should return from China to set up R&D centers in Taiwan. (By Central News Agency)
TAIPEI (Taiwan News) – As the trade war between the United States and China is likely to last some time, countries like Taiwan should try to benefit from the dispute by welcoming companies moving out of China and establish an Asia Pacific research and development center, the Market Intelligence and Consulting Institute (MIC) said Thursday.
The government has been encouraging Taiwanese companies active in China to refocus their efforts on the home country in order to avoid punitive tariffs amid the trade war.
Since international organizations have lauded Taiwanese businesses for their creativity and their research, the best thing they can do would be to return to Taiwan and set up R&D centers there, at the same time providing job opportunities to highly educated graduates, the Liberty Times reported.
In addition to developing new ideas, the companies could also use Taiwan as a test market for their products, and once they were successful, export them to China and the rest of East Asia and the Pacific, MIC officials said. [FULL STORY]
