Taiwan's Ministry of Economic Affairs (MOEA) offered a measured response Tuesday to the announcement of a major regional free trade agreement that was reached a day earlier at a summit of the Association of Southeast Asian Nations (ASEAN) in Bangkok.
The ongoing trade war between the United States and China has hurt both of those economies but helped other countries by diverting production to their markets, with Taiwan the biggest beneficiary, a United Nations report has argued.
The head of the government-sponsored Taiwan External Trade Development Council (TAITRA), James Huang (黃志芳), met with economic officials from the United States and U.S. business representatives in the Asia Pacific region to promote bilateral economic and trade cooperation on the sidelines of the Indo-Pacific Business Forum 2019 in Bangkok Monday.
The first-ever Talent Circulation Summit co-organized by the United States and Taiwan was held in Taipei on Tuesday to discuss ways to develop and internationalize Taiwan's workforce for the digital age.
The "APEC Local Innovation Ecosystem Forum: Enhancing Local Industry Clustering and Social Innovation with International Reach" was co-host by Chinese Taipei and the Philippines on October 29. Through panel discussions, best-practice sharing and mentoring activities, the Forum expects to accelerate knowledge accumulation and capacity building of SMEs, as well as development of local innovation ecosystems.
The Small and Medium Enterprise Administration, Ministry of Economic Affairs is working in cooperation with the Department of Trade and Industry, the Philippines to co-host the “APEC O2O Forum: Embracing Digital Transformation for the Next Paradigm Shift in the O2O Platform” on 28 October in Makati City, the Philippines. The forum not only sustains the momentum of digital innovation in APEC, but echoes the 2019 APEC priorities “Digital Society” and “Women, SMEs and Inclusive Growth”.
Taiwan and the Philippines negotiated several key issues involving the welfare of Filipino workers in Taiwan at an annual labor meeting in Taipei on Monday, but agreement was reached on only a limited number of topics.
Taiwan is ranked 15th among 190 economies and seventh in the Asia-Pacific, according to the Doing Business report released Oct. 24 by Washington-based World Bank.
The annual workshop meeting of heads organized for member economies of Tokyo-based Asian Productivity Organization wrapped up Oct. 23 in Taipei City, spotlighting Taiwan’s role in advancing regional prosperity.
At a time when trade friction between the United States and China is affecting global demand, export-oriented Taiwan still posted a year-on-year increase of more than 2 percent in outbound sales for the first nine months of the year, after inflationary adjustments, according to the Ministry of Finance (MOF).
