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 Taiwan, officially the Republic of China (ROC), is a country in East Asia, at the junction of the East and South China Seas in the northwestern Pacific Ocean, with the People's Republic of China (PRC) to the northwest, Japan to the northea ...

since October 2014.

ROC Economic Affairs Vice Ministry

2013 United States visit

In mid April 2013, Cho led Taiwanese delegations on a visit to

Milpitas, California Milpitas ( Spanish for "little milpas") is a city in Santa Clara County, California, in Silicon Valley. As of the 2020 census, the city population was 80,273. The city's origins lie in Rancho Milpitas, granted to Californio ranchero José ...

United States The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 U.S. state, states, a Washington, D.C., federal district, five ma ...

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 Taipei (), officially Taipei City, is the capital and a special municipality of the Republic of China (Taiwan). Located in Northern Taiwan, Taipei City is an enclave of the municipality of New Taipei City that sits about southwest of the nor ...

and measures to promote bilateral trade between Taiwan and the United States. He further stressed the signing of Economic Cooperation Framework Agreement between

Taiwan Taiwan, officially the Republic of China (ROC), is a country in East Asia, at the junction of the East and South China Seas in the northwestern Pacific Ocean, with the People's Republic of China (PRC) to the northwest, Japan to the northe ...

and

Mainland China "Mainland China" is a geopolitical term defined as the territory governed by the People's Republic of China (including islands like Hainan or Chongming), excluding dependent territories of the PRC, and other territories within Greater Chin ...

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.

Taiwan's Q1 2013 economic growth

Commenting on Taiwan's Q1 2013 lower-than-expected 1.54% economic growth at

Legislative Yuan The Legislative Yuan is the unicameral legislature of the Republic of China (Taiwan) located in Taipei. The Legislative Yuan is composed of 113 members, who are directly elected for 4-year terms by people of the Taiwan Area through a parallel ...

in end of April 2013, Cho said that since 70% of Taiwan's GDP is based on

export An export in international trade is a good produced in one country that is sold into another country or a service provided in one country for a national or resident of another country. The seller of such goods or the service provider is an ...

, 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.

Cross-strait service trade

In end of April 2013, Cho said that the

Cross-Strait Service Trade Agreement The Cross-Strait Service Trade Agreement, commonly abbreviated CSSTA and sometimes alternatively translated Cross-Strait Agreement on Trade in Services, is a treaty between the People's Republic of China and the Republic of China (Taiwan) tha ...

had been concluded. Both sides will sign the

agreement Agreement may refer to: Agreements between people and organizations * Gentlemen's agreement, not enforceable by law * Trade agreement, between countries * Consensus, a decision-making process * Contract, enforceable in a court of law ** Meeting of ...

in near future, and hope that the consensus will become effective within the year 2013. In end of June 2013, Cho joined a delegation led by

Lin Join-sane Lin Join-sane (; born 17 December 1944) is a Taiwanese politician. He was the Chairman of the Straits Exchange Foundation from 27 September 2012 until 20 May 2016. KMT Secretary-General Yu Chang Biologics Co. Case In August 2012, commenting on ...

, Chairman of

Straits Exchange Foundation The Straits Exchange Foundation (SEF; ; often abbreviated as 海基會) is a semiofficial organization set up by the Government of the Republic of China (Taiwan) to handle technical and/or business matters with the People's Republic of China (P ...

(SEF), to visit

Shanghai Shanghai (; , , Standard Mandarin pronunciation: ) is one of the four direct-administered municipalities of the People's Republic of China (PRC). The city is located on the southern estuary of the Yangtze River, with the Huangpu River flowin ...

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 The Mainland Affairs Council (MAC) is a cabinet-level administrative agency under the Executive Yuan of the Republic of China in Taiwan. The MAC is responsible for the planning, development, and implementation of the cross-strait relations po ...

. 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 Transport (in British English), or transportation (in American English), is the intentional movement of humans, animals, and goods from one location to another. Modes of transport include air, land ( rail and road), water, cable, pipel ...

tourism Tourism is travel for pleasure or business; also the theory and practice of touring, the business of attracting, accommodating, and entertaining tourists, and the business of operating tours. The World Tourism Organization defines tourism ...

and

traditional Chinese medicine Traditional Chinese medicine (TCM) is an alternative medicine, alternative medical practice drawn from traditional medicine in China. It has been described as "fraught with pseudoscience", with the majority of its treatments having no logica ...

sectors. Meanwhile, 80 Chinese Mainland industries will be opened to Taiwanese investments, ranging from finance,

retail Retail is the sale of goods and services to consumers, in contrast to wholesaling, which is sale to business or institutional customers. A retailer purchases goods in large quantities from manufacturers, directly or through a wholesaler, and th ...

electronics The field of electronics is a branch of physics and electrical engineering that deals with the emission, behaviour and effects of electrons using electronic devices. Electronics uses active devices to control electron flow by amplification ...

, publishing and

travel Travel is the movement of people between distant geographical locations. Travel can be done by foot, bicycle, automobile, train, boat, bus, airplane, ship or other means, with or without luggage, and can be one way or round trip. Travel ...

sectors.

References

Living people 1951 births Taiwanese Ministers of Economic Affairs University of Louisville alumni {{ULouisville-stub