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.
The business centers, which are operated under a joint program between TAITRA and the Ministry of Economic Affairs (MOEA), are aimed at providing Taiwanese firms seeking to penetrate foreign markets, the trade group added.
The 11 new business centers are located in Milan, Budapest, Moscow, Sofia in Bulgaria, Algiers, Lagos in Nigeria, Johannesburg, New York, San Francisco, Toronto and Kuala Lumpur, TAITRA said.
TAITRA said the centers cover a population of 900 million and are expected to serve as good venues for Taiwanese firms.
The 30 business centers operated by TAITRA in 26 countries cover a population of 3.5 billion.
In India, TAITRA runs three business centers located in Mumbai, Chennai and Kolkata. In addition to Moscow, TAITRA has another business center in St. Petersburg in Russia.
Taiwanese firms are able to gain easier access to the facilities to get closer to their customers by paying only NT$3,000 (US$102) per month to rent the facilities.
The trade group and the MOEA kicked off the joint program in 2012 to provide Taiwanese firms with a base to extend their reach overseas.
As of the end of 2017, a total of 494 firms or trade associations had benefited from the facilities.
These firms include telecom operator Chunghwa Telecom, industrial PC provider Advantech Co., security surveillance equipment supplier Vivotek Inc. and Taiwan Association of Machinery Industry, TAITRA said.