Taipei, March 6 (CNA) The Taiwan External Trade Development Council (TAITRA) has set up 11 overseas business centers so far this quarter, boosting the number to 30, the government-sponsored trade group said Tuesday.
TAITRA said it will open another center in India’s New Delhi later this year.
Taiwan’s machinery exports climbed 21.1 percent year on year to an all-time high of US$25.6 billion in 2017, according to the latest statistics by the Ministry of Finance and Taiwan Machine Tool and Accessory Builders Association (TMBA).
The Taiwanese government is currently promoting a policy for industrial innovation. With smart manufacturing being one of the pillars of the policy, many Taiwanese machine tool makers and aircraft manufacturers are onboard with the government’s economic vision and are invested in the development of new smart-manufacturing technologies.
Taiwan’s economics ministry has released a set of blueprints for promoting the development of smart machinery, seeking to make the country the world’s research and manufacturing center for intelligent machinery and related high-end equipment parts and components by integrating domestic precision machinery manufacturing and advanced ITC technologies.
Leading machinery automation company Tongtai and motorcycle manufacturer KYMCO recently announced a major partnership to build the first smart production lines in Taiwan that manufacture various motorcycle components.
TAIPEI (Taiwan News) – The Taiwan External Trade Development Council (TAITRA) signed Memoranda of Understanding (MoU) with two different Indian trade organizations on Jan. 24, reports RTI.
TAITRA inked agreements with both the India Trade Promotion Organization (ITPO) as well as the Engineering Export Promotion Council of India (EEPC India).
Manufacturing industry sector in Indonesia at this time is suspected to be back to the growth phase. This situation is of course very welcomed by the domestic manufacturing industry companies, thus making them re-excited ramped up production.
The nation’s machine tool exports rose 15.1 percent year-on-year in the first 11 months of the year, thanks to improving sentiment in the sector’s major markets, the Taiwan Machine Tool and Accessory Builders’ Association (TMBA, 台灣工具機暨零組件公會) said on Monday.
From January through last month, machine tool exports totaled US$3.02 billion, up from US$2.62 billion the previous year, data compiled by the Taichung-based association showed.