TAIPEI (Taiwan News) — Premier Cho Jung-tai (卓榮泰) revealed on Friday that the government has proposed a “Taiwan model” to help domestic companies invest in the US.
Cho explained that under this model, companies would independently invest in the US, while the government would provide financial guarantees, CNA reported. Additionally, zones established by the US would streamline administrative procedures, utilities, manpower arrangements, transportation and passport processes, Cho said.
This model helps businesses adapt, transform and develop in a stable post-tariff environment in the US, Cho said. The premier assured that throughout Taiwan-US tariff negotiations, the government is protecting national and industrial interests, as well as public health and food security.
Meanwhile, the government will continue to support industries through the special resilience budget and revitalization programs for SMEs, ensuring that businesses are not left to face global uncertainties alone.
Chief Trade Negotiator Yang Chen-ni (楊珍妮) said last week that tariff negotiations with the US have entered their final stage. Yang said the two sides are exchanging documents and that Taiwan is seeking the best possible terms. “We are putting finishing touches,” she said.
The US placed a temporary 20% tariff on imported Taiwanese products effective Aug. 7, after lowering it from 32%.
