Taiwan has been ranked as the third-best destination for investment in the latest U.S. Business Environment Risk Intelligence (BERI) report, the Ministry of Economic Affairs (MOEA) said Monday. In Asia, Singapore tied South Korea in fifth place for overall POR, followed by Japan, Malaysia and Indonesia, which ranked 11th, 14th and 18th respectively. India and Vietnam tied for 20th, and China ranked 23rd.
To deal with the demand for the digital transformation of industries, Thailand 4.0 has been actively promoted by the government of Thailand, making Thailand some entrepreneurs’ first choice for the development in response to the New Southbound Policy of Taiwan’s government.
Taipei, Taiwan- Recently, the outbreak of the COVID-19 pandemic has led to school closures around the world. The Integrated and International Intelligent Learning Industry program created by Taiwan`s Industrial Development Bureau (IDB) quickly jumped into action to organize Industry partners from Taiwan to provide an innovative online course during the outbreak.
As for the agricultural aspect of the New Southbound Policy, in 2017, the "Regional Agricultural Development" flagship project was developed under President Tsai Ing-wen's instructions. Based on the vision of "generating reciprocity and prosperity, promoting the common profitability and sustainable development of regional agriculture in our country and New Southbound Policy partner countries, and creating mutual benefits" the related works were carried out actively.
The Taiwan Textile Federation (TTF) has helped formed a national team that produces level-3 hazmat and protective gear. The team is now assisting the US and global partners to combat COVID-19. As of writing, Taiwan has donated 15 million surgical masks to support medical personnel in countries facing the coronavirus outbreak and will continue to provide support to the international community.
Taiwan’s gross domestic product grew 1.54 percent year on year in the first quarter of 2020, according to statistics released April 30 by the Cabinet-level Directorate-General of Budget, Accounting and Statistics.
In 2019, Taiwan’s fasteners export volume ranked second in the world. And with a US$4.31 billion value, Taiwan also ranks as the world’s fourth-highest export value, only behind China, Germany, and the USA. Always an innovator, Taiwan is also moving toward high value-added applications such as aviation engine screws, medical purpose fasteners, and automotive engine screws.
The trend of Taiwan’s drone industry can be observed in the biennial Taipei Aerospace & Defense Technology Exhibition (TADTE) held by Taiwan External Trade Development Council (TAITRA). According to the post-report in 2019, the number of exhibitors grew 13%, while visitors were more than 42,000 in total. The number of overseas buyers also grew 27%, mostly from Europe, USA, and ASEAN countries.
Taiwan has signed a memorandum of understanding (MOU) with Indonesia to work together toward fair market competition, Taiwan's Fair Trade Commission (FTC) said Tuesday. The signing of the agreement had been scheduled to occur in Taipei in February but was postponed due to the COVID-19 pandemic, the FTC said in a press release.
The Indonesian government has removed import duties on 73 types of medical and disease prevention products, in response to the coronavirus COVID-19 pandemic, which will help Taiwanese there to more easily obtain such items, Taiwan's representative office in Jakarta said Sunday.
