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Economic Cooperation

Vaccine maker Moderna to establish subsidiary in Taiwan

U.S. biotechnology company Moderna, Inc., one of the two leading makers of mRNA vaccines for COVID-19, has announced plans to establish subsidiaries in four Asian countries and territories, including Taiwan.

Exports grow for 19th straight month in JanuaryPhotos - New Southbound Policy
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Exports grow for 19th straight month in January

Taiwan’s exports rose for the 19th consecutive month in January, up more than 16 percent from a year earlier, on the back of strong global demand for tech gadgets and raw material items amid an economic recovery, the Ministry of Finance (MOF) said Friday.

Trade council, economics ministry launch medical innovation projectPhotos - New Southbound Policy
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Trade council, economics ministry launch medical innovation project

Taiwan’s external trade council, TAITRA, has launched a project to bring medical innovations developed in Taiwan to a global market.

Export orders hit all-time high for 2021 in TaiwanPhotos - New Southbound Policy
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Export orders hit all-time high for 2021 in Taiwan

Taiwan’s export orders grew 26.3 percent year on year to an all-time high of US$674.13 billion for 2021, according to the Ministry of Economic Affairs Jan. 20.

Indonesian office, bank sign MOU to boost business in Taiwan

Indonesia’s representative office in Taipei and Bank Rakyat Indonesia (BRI) signed a memorandum of understanding (MOU) Tuesday to work together to promote Indonesian products and services in Taiwan and strengthen trade and business ties with Taiwan.

Taiwan ramps up smart technology initiativesPhotos - New Southbound Policy
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Taiwan ramps up smart technology initiatives

The realization of Taiwan’s 5+2 innovative industries plan will soon materialize as the Cyber Security and Smart Technology Research and Development Building in Shalun, Tainan.

Popularity of Australian vegetables continues to grow in TaiwanPhotos - New Southbound Policy
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Popularity of Australian vegetables continues to grow in Taiwan

Imports of Australian fresh vegetables to Taiwan have increased by over 20% from 2020-2021 compared to the previous 12-month period, reflecting the country’s growing appetite for fresh produce from down under.

Agriculture key to Lithuania tiesPhotos - New Southbound Policy
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Agriculture key to Lithuania ties

The Lithuanian pavilion at the recently concluded international food show Food Taipei was one of 15 national pavilions featured at the show.

Taiwan, Vietnam ink MOU on trade promotion, cooperationPhotos - New Southbound Policy
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Taiwan, Vietnam ink MOU on trade promotion, cooperation

Taiwan and Vietnam inked a memorandum of understanding on trade promotion and cooperation Jan. 5, spotlighting government efforts to boost exchanges with the New Southbound Policy partner country, according to the Ministry of Economic Affairs.

Taiwan exports break records, show almost 30% growth in 2021Photos - New Southbound Policy
Enlarge Taiwan exports break records, show almost 30% growth in 2021 Photos

Taiwan exports break records, show almost 30% growth in 2021

Taiwan exports climbed to a record high in 2021, registering annual growth of almost 30 percent, driven by solid global demand for tech gadgets and old economy items, the Ministry of Finance (MOF) said Friday.