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MOEA determined to help local flat panel firms

MOEA determined to help local flat panel firms

Taipei, July 25 (CNA) The Ministry of Economic Affairs said Saturday that it is determined to help the local flat panel industry to assuage the impact resulting from a failure to give the products tariff-free status in a new global information technology agreement.
trophy As part of the MOEA's efforts to help the local flat panel industry, the ministry will provide Taiwanese manufacturers with assistance to develop niche products in a bid to win a larger share in the global market.
trophy The MOEA said that amid the booming Internet of Things and cloud-technology development, it will encourage the local flat panel industry to work with other sectors to ride the waves of the new industrial development trend.
trophy The World Trade Organization (WTO) reached a new IT agreement In Geneva Friday after 54 WTO members, including Taiwan, concluded the negotiations on the deal.
trophy It was the first IT accord for the WTO to conclude in 18 years to update the previous one and the new agreement will cover a total of 201 IT products, such as semiconductors, GPS navigation systems, medical products which include magnetic resonance imaging machines, and machine tools, but the deal did not include flat panels.
trophy Before reaching the agreement, Taiwan's negotiation team tried its best to persuade its counterparts to include flat panels in the tariff-free regime, but the efforts failed.
trophy Taiwan did not sign the agreement, but officials said that the new IT deal will benefit the local high-tech industry as a whole despite the absence of the flat panels from the deal. The country will join the agreement after completing a consultation process with local industrial groups next week.
trophy As flat panels serve as one of the major Taiwanese export items, the government had been eager to help the particular industry to get a preferential tariff status during the talks on the new IT agreement. According to an estimate made by the government-sponsored Industrial Technology Research Institute, the production value of Taiwan's flat panel industry is expected to total NT$1.2 trillion (US$38.10 billion) in 2015, up 6 percent from a year earlier. Output of large-sized screens largely used for TV production is expected to reach NT$1 trillion in 2015, and AU Optronics Corp. and Innolux Corp. are the two major providers.
trophy The MOEA said that the ministry will continue to push for a legislation to postpone the implementation of a tax levy on bonuses paid by high-tech firms to their employees, a move which is expected to help the local flat panel avoid a brain drain at a time when China is poaching Taiwanese IT specialists.
trophy Chen Wen-yi, secretary general of the Taiwan Electrical and Electronic Manufacturers' Association urged the government to speed up the pace to conclude a trade-in-goods agreement with China to obtain a status similar to the one South Korea has won in a free trade agreement with the mainland. (By Huang Chiao-wen and Frances Huang)


Updated : 2021-09-25 12:16 GMT+08:00