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.
The International Monetary Fund (IMF) has lowered its projection for Taiwan's economic growth in 2020 to minus 4.0 percent from 2.0 percent because of the COVID-19 coronavirus pandemic, according to its latest World Economic Outlook report.
Taiwan advanced one spot to become the world’s 17th largest merchandise exporter in 2019 while maintaining its 17th ranking in imports, according to statistics released April 8 by the World Trade Organization.
Several companies in Taiwan's textile sector have been modifying their production lines and ramping up output to help meet the soaring demand for surgical masks and other personal protective equipment (PPE) amid the COVID-19 coronavirus pandemic. Among the companies that have stepped up to the challenge is a "national team" of six manufacturers, which are producing protective hospital gowns that have P3 particulate filters.
Due to the outbreak of COVID-19, it has become a global epidemic health hazard across the global platform. COMPUTEX TAIPEI & InnoVEX Organizers: Taipei Computer Association (TCA) and Taiwan External Trade Development Council (TAITRA) officially announces that in response to the outbreak, COMPUTEX TAIPEI & InnoVEX 2020 was originally scheduled to be held from June 2nd to 6th; now has been postponed until September 28th through 30th at Taipei Nangang Exhibition Center Hall 2 (TaiNEX 2).
A ministerial meeting of Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) member economies in August could help Taiwan's bid to join the Japan-led trade initiative, a Taiwanese official told CNA on Sunday.
Revenue brought in by Taiwan’s shipbuilding industry rose 25.2 percent to NT$27.1 billion (US$896.6 million) in 2019, according to data released March 16 by the Department of Statistics under the Ministry of Economic Affairs.
