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.
investments Seoul made last year to avoid the Trump administration’s highest tariffs ... investments, including reviewing and selecting projects based on input from South Korean and U.S.