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Taiwan, U.S. to hold digital economy forum

Taiwan, U.S. to hold digital economy forum

Taipei, June 2 (CNA) Taiwan and the United States are planning a digital economy forum in a bilateral effort to boost cooperation in the development of the information and communication technology (ICT) industry, the Ministry of Economic Affairs (MOEA) said Tuesday. At the opening ceremony of Computex Taipei Tuesday morning, the second largest information communications technology exhibition in the world, Taiwan's Vice Economics Minister Cho Shih-chao (???) and Charles Rivkin, U.S. Assistant Secretary of State for Economic and Business Affairs, jointly made an announcement of the forum. It will be the first digital economy forum to be held by Taiwan and the U.S. The conference is scheduled to kick off in Taipei in the second half of this year, the MOEA said. The U.S. State Department's Bureau of Economic and Business Affairs is responsible for managing trade negotiations, investment treaties, economic sanctions, transportation affairs, telecommunications policy, and intellectual property rights protection. The MOEA said that Taiwan's delegation to attend the forum will be led by Minister of the National Development Council (NDC) Duh Tyzz-Jiun (???). The NDC will be responsible for discussing with the U.S. the finalized agenda for the forum , while inviting representatives of related government agencies and the local ICT industry to join the meeting. The American Institute of Taiwan (AIT) which represents U.S. interests in Taiwan in the absence of bilateral diplomatic relations, said that the digital economic forum is expected to become one of the highest-level economic dialogues between Washington and Taipei. The AIT said that Daniel A. Sepulveda, Deputy Assistant Secretary of State and U.S. Coordinator for International Communications and Information Policy in the State Department's Bureau of Economic and Business, will lead the U.S. delegation in the upcoming forum. Cho said that Taiwan and the U.S. have built up close ties in development of information technology and high-tech gadgets in the world's electronics business in the past three decades. He said that the governments of the two countries even issued a joint statement on Trade Principles for Information and Communication Technology Services in 2013 to demonstrate their aim to "enhance domestic regulatory capacity and support the expansion of ICT networks and services, which are powerful tools for promoting economic development." Cho said that the 2013 joint statement laid a good foundation for future cooperation and the upcoming digital economic forum will be part of the two countries' efforts to realize their cooperation plans. The Taiwanese official said that by holding the digital economic forum, Taiwan and the U.S. are expected to forge closer ties through mapping out polices and boosting industry development. According to Taiwan's Market Intelligence Center (MIC,?????????), the cloud technology/software services market in Taiwan is expected to hit almost NT$27 billion (US$874 million) in 2017, up from an estimated NT$20.3 billion in 2015. Worldwide, the global cloud technology/software services market is expected to top US$150 billion in 2017, the MIC said.
(By Huang Chiao-wen, Tang Pei-chun and Frances Huang)

Updated : 2021-09-26 05:07 GMT+08:00