Cho Shih-chao explained

Cho Shih-chao
Native Name:Chinese: 卓士昭
Office1:Deputy Minister of Economic Affairs of the Republic of China[1]
Minister1:Woody Duh
John Deng
1Blankname1:Vice
1Namedata1:Shen Jong-chin
Shen Jong-chin, Yang Wei-fuu
Term Start1:October 2014
Predecessor1:Woody Duh
Vacant
Office2:Vice Minister of Economic Affairs of the Republic of China
Minister2:Shih Yen-shiang
Chang Chia-juch
Woody Duh
Deputy2:Francis Liang
Woody Duh
Vacant
1Blankname2:Vice
1Namedata2:Woody Duh
Shen Jong-chin[2]
Term Start2:July 2012
Office3:ROC Representative to Kuwait
Term Start3:2008
Term End3:17 October 2010[3]
Nationality:Republic of China
Alma Mater:University of Louisville

Cho Shih-chao or Bill Cho (; born 25 October 1951) is a Taiwanese politician, who has been the Deputy Minister of Economic Affairs (MOEA) of the Republic of China since October 2014.[4]

ROC Economic Affairs Vice Ministry

2013 United States visit

In mid April 2013, Cho led Taiwanese delegations on a visit to Milpitas, California, United States for an investment and trade seminar. He and the delegations presented about Taiwan's investment environment, business opportunities in the manufacturing and service sector, investment environment in the Southern Taiwan Science Park and Taipei City and measures to promote bilateral trade between Taiwan and the United States.

He further stressed the signing of Economic Cooperation Framework Agreement between Taiwan and Mainland China in June 2010 is to increase the services and commodities trade between the two sides and to promote bilateral exchanges and cooperation in education and culture, which helps to make Taiwan a springboard to China.[5]

Taiwan's Q1 2013 economic growth

Commenting on Taiwan's Q1 2013 lower-than-expected 1.54% economic growth at Legislative Yuan in end of April 2013, Cho said that since 70% of Taiwan's GDP is based on export, the MOEA will try to propose measures to boost the figure. He said that Taiwan still can achieve annual 3% GDP growth if the economy achieves its estimated growth rate for the remaining quarters of 2013. He said that the glow GDP growth figure was due to macroeconomic uncertainties in the global market which drags down Taiwan's export and lower domestic consumption.[6]

Cross-strait service trade

In end of April 2013, Cho said that the Cross-Strait Service Trade Agreement had been concluded. Both sides will sign the agreement in near future, and hope that the consensus will become effective within the year 2013.[7]

In end of June 2013, Cho joined a delegation led by Lin Join-sane, Chairman of Straits Exchange Foundation (SEF), to visit Shanghai from Taiwan for the cross-strait service trade agreement signing. The Taiwanese delegation includes Kao Koong-lian, SEF Vice Chairman and Secretary-General and Chang Hsien-yao, Deputy Minister of Mainland Affairs Council.[8] [9]

The cross-strait service trade agreement was signed on 21 June 2013 which consists of four chapters and twenty four articles. Under the agreement, 64 Taiwanese industries will be opened to Chinese Mainland investments, ranging from transportation, tourism and traditional Chinese medicine sectors. Meanwhile, 80 Chinese Mainland industries will be opened to Taiwanese investments, ranging from finance, retail, electronics, publishing and travel sectors.[10] [11]

Notes and References

  1. Web site: Ministry of Economic Affairs,R.O.C. - Shih-Chao Cho . 2015-11-20 . dead . https://web.archive.org/web/20151121040905/http://www.moea.gov.tw/Mns/english/content/Content.aspx?menu_id=12055 . 2015-11-21 .
  2. Web site: Labor council head to run new labor ministry . Taipei Times . 2014-04-22 . 2014-04-29.
  3. Web site: (GMT+8) . Taiwan New Foreign Trade Chief to Take Office on Oct. 18th|Economy|News|WantChinaTimes.com . Wantchinatimes.com . 2010-10-14 . 2014-04-29 . https://web.archive.org/web/20131029201810/http://www.wantchinatimes.com/news-subclass-cnt.aspx?id=20101014000029&cid=1102 . 2013-10-29 . dead .
  4. Web site: Ministry of Economic Affairs,R.O.C. - Shih-Chao Cho . Moea.gov.tw . 2013-09-08 . https://web.archive.org/web/20130921211939/http://www.moea.gov.tw/Mns/english/content/Content.aspx?menu_id=6079 . 2013-09-21 . dead .
  5. Web site: Cho Shih-chao . Taiwan Insights . 2013-05-09 . 2013-09-08.
  6. Web site: MOEA says trade promotions could boost economy . Taipei Times . 2013-09-02 . 2013-09-08.
  7. Web site: Gov't still yet to provide SEF with cross-strait trade meet instructions . The China Post . 2013-09-08.
  8. Web site: New pact will modernize services across Strait: SEF . Taipei Times . 2013-09-02 . 2013-09-08.
  9. Web site: 【2013.06.20】林中森會陳德銘 洽簽服貿協議 -udn tv . YouTube . 2013-06-20 . 2013-09-08.
  10. Web site: Cross-strait service trade pact signed . Taipei Times . 2013-09-02 . 2013-09-08.
  11. Web site: SERVICES PACT: TSU knocks cross-strait service trade agreement . Taipei Times . 2013-09-02 . 2013-09-08.