Taiwan urges progress on EU investment deal as bloc courts chip firms

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Matt Dusk sings Sinatra in Halifax/PEI/Moncton | SaltWireTAIPEI - A Taiwanese minister on Thursday urged the European Union to make"effective" progress on talks on a long-stalled investment deal, as the bloc courts closer links to major chipmakers based on the tech powerhouse island, notably TSMC.

The bloc has been courting Taiwan as a"like-minded" potential partner under the European Chips Act to encourage more semiconductor production in Europe and lessen dependence on Asia, despite the lack of formal ties with the Chinese-claimed island. "This being the case, there are no problems or difficulties that cannot be resolved," Taiwan National Development Council Minister Kung Ming-hsin said.

"My sense is that yes, we do have room for improvement in terms of Taiwanese investment in Europe, but we are working hard on that and just give us a bit more time - we'll get there eventually," Tsai said.

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