To expand business opportunities with new emerging markets and facilitate Taiwan’s economic exchanges and cooperation with ASEAN countries, the Bureau of Foreign Trade (BOFT) continues to subsidize the Taipei Computer Association (TCA) in implementing the “Taiwan-ASEAN Smart Industry Cooperation Plan.” Since 2014, the TCA has carried out the plan in Myanmar, and to further facilitate more business opportunities, this plan was expanded to include Singapore in 2019.
Taiwan’s gross domestic product is forecast to increase by between 3.8 and 4.2 percent in 2021 on the back of successful management of the COVID-19 pandemic and a growing local economy, according to the National Development Council.
Taiwan retained its third spot ranking among 50 major economies surveyed in the latest Profit Opportunity Recommendation report by U.S.-based Business Environment Risk Intelligence SA.
On December 23, 2020, the International Trade Commission (ITC) of the Ministry of Economic Affairs (MOEA) made an affirmative preliminary determination in its injury investigation involving ceramic tiles from India, Vietnam, Malaysia, and Indonesia.
The Economist says that Taiwan is among the countries that have shown the greatest improvement in 2020.
Taiwan’s competitive features have been key to its success in managing COVID-19, according to the 2020 special edition of the Global Competitiveness Report issued by Geneva-based World Economic Forum Dec. 16.
Taiwan is the most important place in the world, pound for pound. That's what prominent author and economist Ruchir Sharmar wrote in an opinion piece in the New York Times on Monday. Sharmar is the Chief Global Strategist at Morgan Stanley and author of The Ten Rules of Successful Nations.
Taiwan and the U.S. announced cooperation on the Women’s Livelihood Bond Series Dec. 14, underscoring the like-minded partners’ commitment to gender equality through promoting economic empowerment as a path to prosperity for women in the Indo-Pacific.
In support of the Bilingual Nation 2030 policy, the Financial Supervisory Commission (FSC) encourages banks to set up bilingual branches, enhance the English proficiency of staff members, and create a friendly bilingual financial services environment. Last December, the FSC arranged visits to DBS Bank Taiwan’s Tianmu Branch and Mega International Commercial Bank’s Lanya Branch.
The Ministry of Economic Affairs held the 2020 Asia LEDS (Low Emission Development Strategy) Partnership (ALP) Symposium on Dec. 7, with the aim of promoting further exchanges and cooperation on low-carbon industry between Taiwan and other ALP members.
