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Economic Cooperation

ADB upgrades forecast for Taiwan’s 2021 GDP growth to 6.2%

The Asian Development Bank (ADB) on Wednesday raised its forecast for Taiwan’s 2021 gross domestic product growth to 6.2 percent, saying that the country’s economic momentum is expected to continue into the second half of the year.

ITRI, AITA, and UCLA CHIPS Forge Cooperation on AI Chip DevelopmentPhotos - New Southbound Policy
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ITRI, AITA, and UCLA CHIPS Forge Cooperation on AI Chip Development

The Department of Industrial Technology (DoIT) of the Ministry of Economic Affairs (MOEA) is supporting the commencement of cooperation between ITRI, the AI on Chip Taiwan Alliance (AITA), and the UCLA Center for Heterogeneous Integration and Performance Scaling (CHIPS).

Promoting Trade by Utilizing Digital Technology, Taiwan Lead the Discussion in APECPhotos - New Southbound Policy
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Promoting Trade by Utilizing Digital Technology, Taiwan Lead the Discussion in APEC

The Bureau of Foreign Trade (BOFT) hosted the Asia-Pacific Economic Cooperation (APEC) webinar Promoting Trade by Using Digital Technology on 14 September, and there were over 200 attendees from public and private sectors from all APEC member economies and APEC Business Advisory Council.

ITRI Provides Resources for Innovative IC Design Startups in Taiwan with ArmPhotos - New Southbound Policy
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ITRI Provides Resources for Innovative IC Design Startups in Taiwan with Arm

Taiwan is a hub for global semiconductor manufacturing. To promote local IC design startups, the Industrial Development Bureau (IDB) under the Ministry of Economic Affairs (MOEA) is supporting ITRI and Arm, a world leader in semiconductor IP design, in providing critical resources to make innovative IC design accessible to startups in the region through a new initiative called the IC Design Platform for Startups.

Taiwan, Australia stage joint energy, minerals consultationsPhotos - New Southbound Policy
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Taiwan, Australia stage joint energy, minerals consultations

The 26th Taiwan-Australia Joint Energy and Minerals, Trade and Investment Cooperation Consultations was staged Sept. 7 via videoconference, spotlighting the like-minded partners’ commitment to fostering mutually beneficial ties, according to the Ministry of Economic Affairs.

Taiwan-Australia Hydrogen Trade and Investment Dialogue Explores Opportunities for Cooperation on Hydrogen Energy Development

The Taiwan-Australia Hydrogen Trade and Investment Dialogue was hosted by Australian Office Taipei on July 29th, 2021 in partnership with the Ministry of Economic Affairs (MOEA) to discuss development opportunities of low emission hydrogen energy technology between Taiwan and Australia. Australian Trade, Tourism, and Investment Minister Hon Dan Tehan and Taiwan MOEA Minister Wang, Mei-Hua were invited as honored guests and delivered opening speeches.

Taiwan exports grow for 14th straight month in August to record high

Taiwan’s exports hit a new monthly high in August, marking the 14th consecutive month of year-on-year growth, driven by solid demand for tech items and raw materials, the Ministry of Finance said (MOF) Tuesday.

Taiwan ranked 4th best investment destination in the world

Taiwan is ranked the world’s fourth-best investment destination in a recent report by the US-based Business Environment Risk Intelligence SA (BERI).

2021 APEC Workshop on the Potential for Use of Alternative Dispute Resolution (ADR) in the Field of IPR Wrapped Up!Photos - New Southbound Policy
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2021 APEC Workshop on the Potential for Use of Alternative Dispute Resolution (ADR) in the Field of IPR Wrapped Up!

The 1.5-day 2021 APEC Workshop on the Potential for Use of Alternative Dispute Resolution (ADR) in the Field of IPR was held by TIPO on July 29th and 30th. This workshop facilitated in-depth knowledge exchanges among APEC member economies; more than 450 participants from various member economies of APEC joined online, including Australia, Canada, Hong Kong, Mexico, New Zealand, Peru, Singapore, Thailand, Vietnam, etc.

Hand in Hand with the Philippines towards Cross-Domain Innovation and SME Inclusive Growth Achieved through Digital PlatformPhotos - New Southbound Policy
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Hand in Hand with the Philippines towards Cross-Domain Innovation and SME Inclusive Growth Achieved through Digital Platform

To promote the development of cross-domain innovation ecosystems in combination with digital platforms so as to enhance the competitiveness of SMEs, Chinese Taipei co-proposed the “APEC Cross-Domain Innovation Ecosystem Initiative: Facilitating the Inclusive Growth of SMEs through Digital Platforms across the APEC Region” with the Philippines.