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Economic Cooperation

Taiwan moves up one position in latest WEF Global Competitiveness Report

Taiwan placed 12th out of 141 economies surveyed around the globe in the World Economic Forum's latest Global Competitiveness Report released Oct. 9, 2019, moving up one position from the previous report.
Receiving a score of 80.2 out of 100, Taiwan finished fourth in Asia. The top 11 economies globally were Singapore, the United States, Hong Kong, the Netherlands, Switzerland, Japan, Germany, Sweden, the United Kingdom, Denmark and Finland.

Deputy Minister Tseng Wen-Sheng Visits Australia in Search of Support for New Southbound Policy and Energy Transition

Deputy Minister Tseng Wen-Sheng led a delegation to Australia for a series of exchange events from August 27 to 30, visiting Australia’s major universities and innovation and R&D centers, as well as attending the 33rd Joint Conference of the ROC-Australia and Australia-Taiwan Business Councils, and the 24th Joint Energy and Minerals, Trade and Investment Cooperation Consultations (JEMTIC).

Japan will seek support for Taiwan's CPTPP bid: parliamentarianPhotos - New Southbound Policy
Enlarge Japan will seek support for Taiwan's CPTPP bid: parliamentarian Photos

Japan will seek support for Taiwan's CPTPP bid: parliamentarian

Japan will seek support from other countries for Taiwan's efforts to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), a visiting Japanese parliamentarian said in Taipei Wednesday.

Southeast Asia's internet economy set to top US$100 b. this year

The internet economy in Southeast Asia is forecast to surpass US$100 billion for 2019 before growing to more than U$300 billion by 2025, making the region one of the fastest growing in terms of online commerce as its youthful population eagerly embraces smartphones, according to a study by Google, Temasek Holdings Pte and Bain & Co.

Indonesia pitches direct hiring scheme to Taiwanese companies

A placement scheme in which employers bear most of the costs of hiring Indonesian workers was pitched to local companies by the Indonesia Economic and Trade Office (IETO) on Monday as mutually beneficial for employers and workers.

Philippines eager to drive up falling investments from Taiwan

The two-day Philippine Tourism Investment Forum concluded Friday in Taipei, with the neighboring country eager to increase investments from Taiwan in its tourism sector as the overall Taiwanese investment amount has fallen there as well as overall in the countries covered by the New Southbound Policy.

First time in History! #MYCYBERSALE ASIA begins Promote stylish Taiwanese products in MalaysiaPhotos - New Southbound Policy
Enlarge First time in History! #MYCYBERSALE ASIA begins Promote stylish Taiwanese products in Malaysia Photos

First time in History! #MYCYBERSALE ASIA begins Promote stylish Taiwanese products in Malaysia

For the first time in history, Taiwan and Malaysia jointly organized the #MYCYBERSALE ASIA shopping festival. The event is taking place from September 27th to October 3rd. This cross-border cooperative online sales event will last for seven days after the activation event on September 24th under the synchronous connection between Taiwan and Malaysia.

Taiwan vendors to join online shopping festival in Malaysia

Taiwanese vendors will take part in an upcoming online shopping festival organized by authorities in Malaysia, making Taiwan the first foreign country to join the online sales campaign, the Commerce Development Research Institute (CDRI) said Tuesday.

Bank of Taiwan Opens Jakarta Representative Office

The Bank of Taiwan (BOT) has passed a new milestone in “New Southbound Policy” deployment with the opening of its Jakarta Representative Office on Sept. 23. This follows close on the inauguration of the Bank’s Ho Chi Minh City Representative Office on Aug.14.

Philippine electronic firms aiming to provide services in Taiwan

Various companies from the Philippines are among more than 700 exhibitors from 43 countries that are seeking to supply electronic solutions and materials to the Taiwanese market.