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

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TAIPEI: A Taiwanese minister on Thursday (Oct 12) urged the European Union (EU) 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 Taiwan Semiconductor Manufacturing Corp (TSMC).

Semiconductor chips are seen on a printed circuit board in this illustration picture taken on Feb 17, 2023. TAIPEI: 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 Taiwan Semiconductor Manufacturing Corp .The EU identified Taiwan as a candidate for a BIA in 2015, but no talks have taken place on the issue.

Speaking at a Taiwan-EU investment forum in Taipei, attended by both Taiwan's president and the de facto EU ambassador to Taipei, the head of Taiwan's economic planning agency said it and the EU shared the values of democracy and freedom.Chipmaker Taiwan seeks other EU trade deals given investment agreement 'a long shot'

President Tsai Ing-wen, addressing the same forum, did not mention the BIA, though she did so at the same event last year.

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