Taiwan pitches deeper Europe engagement after TSMC Germany investment
People attend the opening of TSMC global R&D center in Hsinchu, Taiwan July 28, 2023. REUTERS/Ann Wang/File Photo3.5 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.
The TSMC investment in Germany will need approval by Taiwan's economy ministry, and Wang said they will also consider the company's "vigorous" investments at home when weighing the German plans.
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