TAIPEI : Taiwan chipmaker TSMC's 3.5 billion euros investment in Germany will drive deeper engagement between the island and Europe, Taiwan's economy minister said on Wednesday, pitching the political benefits of the deal.
"Just like how Taiwan and the United States are continuing to strengthen cooperation, like the '21st Century' trade initiative and double tax avoidance, TSMC going to Europe will certainly strengthen bilateral relations in the future," she added, referring to a recently signed trade deal with Washington.
A BIA would be politically significant for Taiwan given its diplomatic isolation and general exclusion from most global bodies and agreements, though it is a World Trade Organisation member.
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