Taiwan has a unique opportunity to reshape global supply chains for the betterment of the world, as the COVID-19 pandemic continues to impact global supply chains, American Institute in Taiwan (AIT) Director Brent Christensen said Tuesday. In an address made at an international investment forum, Christensen said the pandemic has exposed the risks of over-reliance on one country for medical supplies and pharmaceuticals, as well as for industries that are of strategic importance.
The participants of the event were mostly women entrepreneurs who came from various backgrounds including NGOs, industries, policy makers and start-ups from the APEC economies. Together these key stakeholders shared their experiences and insights on how to empower female entrepreneurs, strengthening the cooperation among SMEs in APEC.
Taiwan-Brunei relations are gradually moving forward amid challenges, especially in agriculture, tourism, trade, education and people-to-people exchanges, Taiwan representative to Brunei Andrew Lee (李憲章) told CNA on Friday.
Export orders in Taiwan continued to grow in July, up 12.4 percent year on year to US$45.57 billion, according to the Ministry of Economic Affairs Aug. 20. Among the country’s main export sectors, orders for information and communication technology products exhibited the best performance, soaring 29.9 percent to US$14.44 billion. The MOEA attributed the strong showing to robust demand for telecommunication items like notebooks and tablets during the COVID-19 pandemic.
Border controls resulting from the COVID-19 pandemic caused Taiwan's travel income and expenses to plunge for the second quarter of this year to a new low since the data started to be collated in 1984, according to the central bank.
To enhance SMEs to grasp the gist of the best practices on cross-sector collaboration and further to form the innovation ecosystems, the Small and Medium Enterprise Administration, Ministry of Economic Affairs proposed “APEC Cross-Sector Innovation Ecosystem Conference: Strengthening Networks of SMEs Co-Innovation for Better Future” and held this event in NTUH International Convention Center on 12 August.
The Indonesian government said Thursday it is ready to start sending migrant workers again to 22 countries and regions around the world, including Taiwan, after a suspension of nearly four months due to the COVID-19 pandemic.
Taiwan is committed to working with other members of the Asia Pacific Economic Cooperation to maintain a consistent flow of trade during the coronavirus pandemic, according to Minister without Portfolio John Deng July 25.
The Taiwan Institute of Economic Research (TIER) announced Friday an increase in its forecast for local economic growth for 2020 to 1.83 percent, 0.25 percentage points higher than in April.
Taiwan’s export orders increased 6.5 percent year on year to US$41 billion in June, according to the Ministry of Economic Affairs July 20.
