TAIPEI: Taiwan state-backed our bodies may over the subsequent decade purchase an additional US$200 billion from the USA and bump up the share of LNG it will get from the nation by one-third to assist slender the commerce deficit, the economic system minister mentioned on Thursday (Apr 10).
Taiwan President Lai Ching-te on Sunday pledged to seek a zero tariff regime with the USA and purchase extra from and make investments extra within the nation, and mentioned that Taipei wouldn’t retaliate in response to US tariffs – now put on pause by President Donald Trump.
Taiwan had been due to be hit with a 32 per cent tariff, sending its inventory market plummeting, although the important thing semiconductor business was excluded.
Taking lawmakers’ questions in parliament concerning the authorities’s response to the tariffs, Economic system Minister Kuo Jyh-huei mentioned the plan being mentioned was some US$200 billion in additional purchases over the approaching decade by the federal government and state-run corporations.
That doesn’t embrace purchases by non-public corporations, he added.
Requested about elevating the proportion of Taiwan’s imports of liquefied pure gasoline (LNG) from the USA from 10 per cent to 30 per cent of the overall, Kuo mentioned that was the “path” being eyed.
Most of Taiwan’s LNG now comes from Australia and Qatar.
Talking to reporters at parliament, Taiwan International Minister Lin Chia-lung mentioned there was now respiration room to have extra detailed and in-depth talks with the United States.
“We hope to make the most of the large US market, their wonderful expertise capital and expertise, to type a Taiwan-US coalition, a joint fleet method,” he added.
