To: frmrVZguy who wrote (147 ) 5/9/2018 1:10:11 PM From: frmrVZguy Respond to Protectionist Policies: DRC Taiwan announces its own Protectionist Policies to protect companies, market value, technology leadership. digitimes.com Taiwan moving to cushion impacts of US-China trade row DIGITIMES Wednesday 9 May 2018 The government in Taiwan is actively taking actions to cushion possible undesirable impacts on the country's economic and trade development from the ongoing trade spats between the US and China... To mitigate the likely ensuing unfavorable impacts, the government will help manufacturers boost their R&D and production ratios in Taiwan by expanding development and production of crucial technologies and components, and incorporating more modern management technologies. The government will also move to augment the country's tech innovation momentums by building new ecosystems associated with digital economy, turning Taiwan into a solid base for clustering global players in tech innovation industries such as the Internet, big data and IoT, and enhancing software and hardware integration capabilities at manufacturers to avoid threats from high tariffs . Among other efforts, the government will continue to encourage Taiwan businesses to diversify their export and investment outlets from China to countries targeted in its New Southbound Policy, the Middle East and Africa, while also inspiring them to return to Taiwan for investment and inviting foreign procurement groups to visit the country.
