Taipei: Vice Premier Cheng Li-chiun on Thursday praised the government’s strategy for increasing investment in the United States during a press conference. This announcement comes after the fifth round of Taiwan-U.S. negotiations held from September 25-29, which Cheng describes as having “received a positive response” from Washington.

According to Focus Taiwan, Cheng explained that the “Taiwan model” focuses on enterprise-led investment planning, with government financial guarantees and a collaboration model between governments to develop industrial clusters. This approach is distinct from those of Japan, South Korea, and the European Union, as it emphasizes direct business investment while the government provides planning, financial support, and collaborates with the U.S. to foster conducive conditions for cluster development.

Cheng made these remarks in Taipei, alongside Yang Jen-ni, trade representative of the Office of Trade Negotiations, and Ho Chin-tsang, vice minister of economic affairs. They briefed reporters on the recent discussion outcomes, highlighting Taiwan’s government’s push for three main concessions: a reduction in the “reciprocal” tariff rate, comprehensive preferential treatment covering semiconductors and other items under Section 232 of the U.S. Trade Expansion Act, and enhanced investment opportunities in the U.S.

The U.S. tariff policy, which took effect on August 7, currently sets Taiwan’s provisional tariff rate at 20 percent. The negotiations have included five rounds of talks this year, beginning with a video conference on April 11, followed by meetings on May 1, June 25, July 8, late July to early August, and the most recent from September 25-29.