Taipei, Taiwan will propose initiating bilateral or multilateral talks under the Asia Pacific Economic Cooperation (APEC) framework to address digital challenges, Morris Chang (???), founder of Taiwan Semiconductor Manufacturing Co., said Monday.
While a digital economy holds much promise for the future, the "digital presence" is characterized by "clear and present dangers" that will widen income inequality and result in mass unemployment, said Chang, who will represent Taiwan at this year's APEC summit.
The problems that have arisen in the digital age, such as lack of respect for intellectual property, high tariffs and lack of protection for privacy, need to be dealt with under the aegis of APEC, Chang said at a press conference.
Chang said APEC can serve as a platform for discussion, because countries engaging in the innovative supply chains that shape the digital presence are all its members, including the United States, China, Taiwan, Japan, South Korea and Singapore.
Chinese Taipei, the designation of Taiwan under APEC, is a "critical and indispensable" link in the digital supply chains, Chang said.
Ahead of his planned departure Friday for the APEC leaders' summit in Papua New Guinea Nov. 18, President Tsai Ing-wen (???) received Chang at the Presidential Office.
Following the meeting, Chang attended the press conference to outline to the nation what he will deliver at the summit.
Tsai said she expects the delegation to bring to the forum the achievements Taiwan has made in fostering the digital supply chain, promoting innovative governance and inclusive growth.
She also expects the Chang-led delgation to seek more opportunities for international cooperation in these fields, Tsai added.
Taiwan has held full membership of APEC since 1991, but its presidents are traditionally prohibited from attending the leaders' summit due to China's opposition and have to instead name a proxy in their places.
It is the second time Chang will represent Taiwan, the first being in 2006 under former President Chen Shui-bian (???).
Source: Focus Taiwan News Channel