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Economic Cooperation

S&P raises Taiwan credit ratings to AA+ for first time in 21 years

S&P Global Ratings on Friday raised its long-term issuer credit ratings for Taiwan to AA+ from AA, saying that the outlook for the country’s economic performance was favorable, based on robust demand for its electronics exports.

Webinar on APEC Public-Private Dialogue on Product Safety in Digital Trade--Regional Collaboration for Safer Online Shopping EnvironmentPhotos - New Southbound Policy
Enlarge Webinar on APEC Public-Private Dialogue on Product Safety in Digital Trade--Regional Collaboration for Safer Online Shopping Environment Photos

Webinar on APEC Public-Private Dialogue on Product Safety in Digital Trade--Regional Collaboration for Safer Online Shopping Environment

The Bureau of Standards, Metrology and Inspection (BSMI) hosted a webinar on “APEC Public-Private Dialogue on Product Safety in Digital Trade” on April 28, 2022. Product safety regulators, e-commerce platforms, and consumer groups in the Asia-Pacific region joined this webinar and exchanged their approaches to ensuring safety of products sold online.

Foreign trade hits record high in March for TaiwanPhotos - New Southbound Policy
Enlarge Foreign trade hits record high in March for Taiwan Photos

Foreign trade hits record high in March for Taiwan

Taiwan’s exports surged 21.3 percent year on year to an all-time-high of US$43.5 billion in March, while imports gained 20.3 percent to US$38.85 billion, also the highest on record, according to the Ministry of Finance.

Gogoro contributes to Singapore’s updated TR25 EV charging standardPhotos - New Southbound Policy
Enlarge Gogoro contributes to Singapore’s updated TR25 EV charging standard Photos

Gogoro contributes to Singapore’s updated TR25 EV charging standard

Gogoro® Inc. recently announced its participation in the development of Singapore’s new Technical Reference (TR25) standard for charging electric vehicles, where it focused on the battery swapping for electric two-wheel vehicles.

COMPUTEX 2022 registration now open to buyers worldwidePhotos - New Southbound Policy
Enlarge COMPUTEX 2022 registration now open to buyers worldwide Photos

COMPUTEX 2022 registration now open to buyers worldwide

This year, exhibitors and visitors are invited to participate in COMPUTEX both online and offline. The online registration is now open to buyers worldwide.

Taiwan a major parts supplier and home to smart vehicle expertise

Taiwan is now heading rapidly towards creating a ‘smart vehicle industry’ comprising electric vehicles, autonomous vehicles and all the interlacing hardware and software technology, said the senior trade officer of the Taiwan Trade Centre, Anthony S.H. Tung.

Taiwan footwear firm to set up manufacturing unit in Tamil NaduPhotos - New Southbound Policy
Enlarge Taiwan footwear firm to set up manufacturing unit in Tamil Nadu Photos

Taiwan footwear firm to set up manufacturing unit in Tamil Nadu

Taiwanese footwear manufacturer Hong Fu Industrial Group recently signed a memorandum of understanding (MoU) with India’s Tamil Nadu government to invest ₹1,000 crore over the next three to five years to set up a factory in the state.

Taiwan world’s 16th largest trading economy in 2021: MOFPhotos - New Southbound Policy
Enlarge Taiwan world’s 16th largest trading economy in 2021: MOF Photos

Taiwan world’s 16th largest trading economy in 2021: MOF

Taiwan ranked 16th among the world’s economies in merchandise trade in 2021, its highest ranking in 16 years, due in part to a higher ranking for imports, according to Ministry of Finance (MOF) statistics.

Taiwan sets new monthly high for exports, imports in MarchPhotos - New Southbound Policy
Enlarge Taiwan sets new monthly high for exports, imports in March Photos

Taiwan sets new monthly high for exports, imports in March

Taiwan’s exports rose for a 21st consecutive month in March, backed by strong growth in outbound sales of semiconductors, resulting in a 23.5 percent increase in exports for the first quarter.

Pingtung pineapples to hit shelves at Singapore’s biggest retailerPhotos - New Southbound Policy
Enlarge Pingtung pineapples to hit shelves at Singapore’s biggest retailer Photos

Pingtung pineapples to hit shelves at Singapore’s biggest retailer

Pingtung County sent its first shipment of pineapples to Singapore’s largest grocery retailer on Tuesday, as it accelerates efforts to explore overseas markets.