Focus Taiwan
Date:\ 2019/06/02
By: Chiu Po-sheng and Evelyn Kao
Taipei, June 2 (CNA) Taiwan’s government is reinforcing measures to manage imports
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and exports amid rising trade friction between China and United States, which has reportedly prompted Chinese companies to sell products to the U.S. via third locations, including Taiwan, the Ministry of Economic Affairs (MOEA) said Sunday.
The MOEA was responding to a report in Japan’s Nikkei Asian Review a day earlier that the imposition of higher U.S. tariffs on imports from China has prompted Chinese exporters to turn to third countries, such as Taiwan, to bypass duties by faking the origin of their products.
In a statement issued Sunday, the MOEA said that while Taiwan’s exports to the United States from January to April this year rose 19.8 percent, its exports of information, communication and audio-video products reached US$4.26 billion, up 56.3 percent on the same period of last year, the highest growth in all exports from Taiwan to the U.S.
This year, the U.S. economy continues to grow at a steady pace, which has supported strong growth in consumption expenditure by individuals and enterprises in the country and boosted Taiwan’s exports of information, communication and audio-video products, according to the MOEA. [FULL STORY]
