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Published Date: 2021-05-05
Economics Minister
Wang Mei-hua says that a proposed EU carbon tax is not likely to affect
Taiwan’s exports. The EU is looking to levy carbon taxes on certain industrial
imports by 2023. Wang says potentially affected industries in Taiwan send only
about 3% to 5% of their exports to the EU.
Furthermore, Wang
says the EU’s tax plan is still a work in progress. She says that the EU still
needs to make sure that the proposed carbon tax doesn’t violate the World Trade
Organization’s non-discrimination policy. Wang says the EU is expected to
announce a final version of its carbon tax in June.
Wang says that
many of Taiwan’s industries have already foreseen this trend and have made
adjustments accordingly. For example, Wang says that Taiwan’s premier steelmaker,
China Steel, has improved its manufacturing process to be more efficient than
that of steelmakers in other countries.