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Economic Cooperation

Former grand justice to serve as Taiwan's representative to WTO

Former Grand Justice Lo Chang-fa (羅昌發) has been appointed as Taiwan's representative to the World Trade Organization, to fill a post that has been vacant since last September, the Ministry of Foreign Affairs (MOFA) said Thursday.

Academia Sinica cuts Taiwan's 2020 GDP growth forecast to 1.15%

Academia Sinica, the top research institution in Taiwan, on Wednesday cut its forecast for gross domestic product (GDP) growth in 2020, citing concerns over the COVID-19 pandemic.

Taiwan biotech show to combine online, onsite events

Due to the COVID-19 pandemic, the BIO Asia-Taiwan International Conference and Exhibition this year will take the form of a combined onsite and virtual presentation, when it opens on July 22, the organizers said Monday.
The 2020 pharmaceutical and biotechnology trade fair is expected to bring together industry executives and investors from Taiwan and abroad, with some 500 exhibitors at 1,100 booths, according to Taiwan Bio Industry Organization (Taiwan BIO), one of the organizers.

Indonesian food companies hold virtual trade show in Taipei

Indonesian food and beverage companies connected with buyers in Taiwan on Thursday in a virtual trade show, displaying distinctive plant-based products, canned seafood, and other products from their country.

Tsai celebrates TAITRA’s 50th anniversaryPhotos - New Southbound Policy
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Tsai celebrates TAITRA’s 50th anniversary

President Tsai Ing-wen celebrated the 50th anniversary of Taiwan External Trade Development Council (TAITRA) at a ceremony July 7 in Taipei City, describing the nonprofit as instrumental in advancing the country’s international business interests.

U.S. launches anti-dumping probe into tire imports from Taiwan, other nations

The U.S. Department of Commerce (DOC) has started an investigation into selected tire imports from Taiwan, South Korea, Vietnam and Thailand to determine whether manufacturers from these countries have sold their products at unfairly low prices in the U.S. market. In a statement, the DOC said the anti-dumping (AD) investigation has targeted passenger vehicle and light truck (PVLT) tires sold from these countries.

MOFA reports Q1 accomplishments on economic diplomacy

In cooperation with economics-related agencies, the Ministry of Foreign Affairs (MOFA) has helped increase foreign investment in Taiwan and procurement by foreign companies in the first quarter of the year, compared with the same period of 2019.

MOFA releases Q1 trade promotion report cardPhotos - New Southbound Policy
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MOFA releases Q1 trade promotion report card

Taiwan’s representative offices around the world working in tandem with the Ministry of Economic Affairs helped significantly boost foreign trade and investment in the first quarter of 2020, according to the Ministry of Foreign Affairs June 20.

Taiwan moves up 5 spots to 11th in IMD competitiveness rankings

Taiwan has moved up five places from last year to 11th in the latest annual world competitiveness ranking released by the International Institute for Management Development (IMD) on Tuesday. It was Taiwan's best performance in the last four years after ranking 14th in both 2016 and 2017, 17th in 2018, and 16th in 2019, and the first time it was ranked as high as 11th since the 2015 rankings. Taiwan also remained the third most competitive economy in Asia in the 2020 rankings, behind Singap

Employment gold cards issued to foreign nationals rise nearly 80%

Taiwan issued 240 employment gold cards to foreign professionals in the first five months of this year, an increase of 77.8 percent from a year earlier, according to the National Development Council (NDC) Tuesday.