investment drive ... He did not respond to questions from reporters regarding specific plans for investment in the United States as he arrived at the venue.
The initiative follows a memorandum of understanding between the two nations in which Taiwan committed to US$250 billion in direct investment in the US, alongside the credit guarantee program intended to mobilize additional private-sector funding.
The investment marks the start of the second phase of Japan’s $550 billion spending commitment on American projects, which Trump secured through a massive trade agreement last summer after threatening the US ally with 25% tariffs.
The government on Wednesday launched a committee tasked with establishing a state agency to manage investment projects in the United States under a bilateral strategic investment agreement, the finance ministry said.
The SouthKorean government said Tuesday it has launched a committee to preliminarily review potential investment projects in the United States under a bilateral strategic investment agreement.
Under the bill, a new state-run corporation specialized in implementing the investment package will be set up with a paid-in capital of 2 trillion won ($1.36 billion), fully financed by the South Korean government.