The NewsA new US study on Taiwan’s economy cautions that gains from current trade and investment talks with China may be limited and that Taipei needs to concentrate on internal economic restructuring and the cultivation “of new and dynamic foreign relationships beyond the straits.”
Written by Derek Scissors, a research fellow in Asia Economic Policy at the Heritage Foundation, the study says Taiwan should reform corporate taxation and the “sheltered” domestic service sector.
Deputy Minister of National Defense Chang Guan-chung (張冠群) is to lobby US officials for sensitive technology at the US-Taiwan Defense Industry Conference, which opened on Sunday in Annapolis, Maryland, a source said.
Despite Taiwan obtaining industrial cooperation credit for technology transfers, the nation’s preferred mode of offset arrangements and protection of trade secrets remain obstacles to the acquisition of technology, defense officials said, speaking on condition of anonymity.
