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The European Union is counting on Taiwan to increase the supply of microchips, but is afraid of Beijing's reaction

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Image source: topwar.ru

Government officials Taiwan touted its leading position in the sector of the production of chips, at the same time appealing to the European Union, urging to start negotiations on a trade deal, which Taipei has long sought. About this time, according to Japanese newspaper The Asahi Shimbun.

According to the President of Taiwan Tsai Ying-Wen, the restructuring of global supply chains and the transformation of the economies of the EU and Taiwan represent a huge potential for greater and mutually beneficial cooperation. About this Cai Yin-Wen said at an investment forum of the EU in Taipei.

The EU is the largest source of foreign investment in Taiwan, but the EU and its member States do not have official diplomatic relations with the island because of objections from China, which considers Taiwan as one of its provinces.

The EU is courting Taiwan, a major manufacturer of semiconductors, as one of the partners"like-minded", with whom he would like to work, based on a formal agreement, the newspaper notes. However, to go for confrontation with China for the sake of no one in the EU wants. Reaction of Beijing for the more active bilateral policies of Brussels and Taipei in the EU fear.

As the EU plans by 2030 to create at least six million public charging stations for electric vehicles (EV) and electric vehicles requires much more chips than for conventional vehicles, the emphasis is on Taiwan.

Taiwan will become a reliable partner of the EU in the development of the market of electric vehicles

- said the Minister of economic Affairs Wang Meihua.

How to write Japanese newspaper The Asahi Shimbun, a significant increase in turnover dictates the necessity of concluding a bilateral agreement, according to Taiwan.

However, the EU has included Taiwan in its list of trading partners for potential bilateral investment agreement in 2015, but since then, he has not held talks with Taiwan on this issue, says the publication.

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