With a total population of less than 24 million, Taiwan is known for its diversified manufacturing sector ranging from high-tech industries such as electronics and IT, to home appliances and bicycles. Companies such as Asus, Delta Electronics, Tatung and Giant have made their mark in the international market as leading brands from Taiwan.
But given price competition from China-made products and a slowdown in the global economy as well as demand in certain sectors such as personal computers (PC), Taiwan has seen a need to sharpen the competitiveness of its manufacturing sector and broaden export markets. Innovation, say high-ranking officials and business executives, is the key for Taiwanese industries to thrive and generate more export revenue in the years to come.
Sourcing Taiwan, the annual procurement event hosted by TAITRA, saw a big rise in buyer attendance from Southeast Asia this year.
Now in its 9th year, the latest edition of Sourcing Taiwan was held at the Taipei Nangang Exhibition Hall on March 29, 2017.
The Ministry of Economic Affairs (MOEA) hosted a press conference on Monday to publicize Sourcing Taiwan 2017, a trade event for international buyers and sellers, that is taking place this Wednesday at the Nangang Exhibition Center.
According to the event’s organizers at MOEA’s Bureau of Foreign Trade, Sourcing Taiwan 2017 serves “as a trade link between global buyers and top-rated Taiwanese suppliers."
Taiwan was listed 11th in the 2017 global rankings for economic freedom, jumping 3 places to gain its highest ranking ever, according to the Heritage Foundation, which released the index recently.
Taiwan was ranked ahead of both the United Kingdom (12th) and the United States (17th), the Heritage Foundation’s Index of Economic Freedom showed.
Photo: National Palace Museum © SUPERJOSEPH | DREAMSTIME.COM
ACROSS THE CHOPPY WATERS from mainland China in Taiwan’s capital of Taipei, a bold wind of creativity spurred on everyone from whiskey makers to IT innovators.
Last fall the government initiated a high-tech project to rival America’s Silicon Valley under a new scheme dubbed “the Asian Silicon Valley,” a masterful economic plan to be completed by 2023 in neighboring Taoyuan City. A $357.9 million budget has already been slated this year alone to help startups and research and development for internet industries. Meanwhile, the Taiwanese whiskey distiller Kavalan earned a reputation among whiskey connoisseurs as the world’s best. In 2015 Kavalan’s Solist Vinho Barrique earned the title “World’s Best Single Malt Whisky” from the prestigious World Whiskies Awards.
But Taipei hasn’t always enjoyed this sweet smell of success.
Establishment of smart machinery promotion office crucial to strengthening Taiwan’s Industry 4.0 development: Tsai
Taipei (Taiwan News) — Taiwanese President Tsai Ing-wen (蔡英文) highlighted major functions of the newly established Smart Machinery Promotion Office in Taichung to help strengthen Industry 4.0 developments, during the opening ceremony on Tuesday.
The new office is an important milestone for Taiwan’s Industry 4.0, she added. The Smart Machinery Promotion Office has been established under the ministry of economics Smart Machinery Promotion Program, other agencies involved in the program include the Industrial Development Bureau (IDB) and the Precision Machinery Research and Development Center (PMC).
TAIPEI, Taiwan — The government’s “New Southbound Policy" will get a boost at the upcoming Sourcing Taiwan 2017, with nearly half of the over 500 international buyers coming from countries targeted by the initiative, organizers said Monday.
The annual trade event, organized by the Bureau of Foreign Trade and executed by the Taiwan External Trade Development Council (TAITRA), will be held March 29 at Taipei Nangang Exhibition Center. TAITRA said the event serve as a trade link between global buyers and top-rated Taiwanese suppliers.
This year’s Taipei Lantern Festival is action-packed with 3D light shows, lantern sculptures, live music, and much more
TAIPEI (Taiwan News) — The 2017 Taipei Lantern Festival, which is running from Feb. 4 – 17, is action-packed with 3D laser light shows, lantern sculptures, parades, and live music at several venues on both sides of Zhonghua Road Section 1.
The Taiwan Ratings Corp. (TRC) recently announced a forecast that Taiwan will see a 2 percent growth in its gross domestic product (GDP) in 2017 and a 2.5 percent rise in 2018. TRC expects Taiwan’s economic growth to jump from 0.9 percent in 2016 to the levels forecast by the agency’s parent company, Standard & Poor’s International.
TAIPEI, Taiwan — Former Foreign Minister James Huang (黃志芳) on Wednesday officially became the new chairman of the Taiwan External Trade Development Council (TAITRA).
In an event witnessed by various ambassadors and representatives to Taiwan, Huang officially accepted the TAITRA chairmanship seal from the …