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Taipei World Trade Center Wins WTCA Champion Award for InnovationPhotos - New Southbound Policy
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Taipei World Trade Center Wins WTCA Champion Award for Innovation

Supervised by the International Trade Administration of the Ministry of Economic Affairs (Bureau of Foreign Trade), Taipei World Trade Center (also known as WTC Taipei), operated by the Taiwan External Trade Development Council, was honored with the Champion Award for Innovation by the World Trade Center Association (WTCA) on the evening of March 6th, 2024. Taipei World Trade Center has actively pursued innovation in recent years through the use of digital technology to assist small and medium-s

ITRI and TSMC Collaborate on Advancing High-Speed Computing with SOT-MRAMPhotos - New Southbound Policy
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ITRI and TSMC Collaborate on Advancing High-Speed Computing with SOT-MRAM

ITRI has joined forces with Taiwan Semiconductor Manufacturing Company (TSMC) for pioneering research into the development of a spin-orbit-torque magnetic random-access memory (SOT-MRAM) array chip. This SOT-MRAM array chip showcases an innovative computing in memory architecture and boasts a power consumption of merely one percent of a spin-transfer torque magnetic random-access memory (STT-MRAM) product.

Taiwan to recruit semiconductor talent from Southeast Asian countriesPhotos - New Southbound Policy
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Taiwan to recruit semiconductor talent from Southeast Asian countries

As 2024 unfolds, the Ministry of Economic Affairs (MOEA) has drawn plans to recruit semiconductor professionals from overseas by organizing talent-seeking missions to several Southeast Asian countries in the months ahead, according to officials in the MOEA’s Industrial Development Administration (IDA).

Taiwan trade surplus hits record high in 2023Photos - New Southbound Policy
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Taiwan trade surplus hits record high in 2023

Taiwan’s trade surplus soared 56.9 percent to hit an all-time high of US$80.56 billion last year, reflecting the success of the government’s various investment promotion projects, enhancing local supply chain resilience and boosting the overall economy, the Ministry of Economic Affairs said Jan. 9.

Taiwan’s semiconductor sector expansion continues in 2023Photos - New Southbound Policy
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Taiwan’s semiconductor sector expansion continues in 2023

Taiwan’s semiconductor industry remained on the fast track in 2023 following continuous efforts by the public and private sectors to enhance research and development, the Ministry of Economic Affairs said Dec. 28 in a press release.

TECO and Mitsui Launch EV Manufacturing Venture in IndiaPhotos - New Southbound Policy
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TECO and Mitsui Launch EV Manufacturing Venture in India

TECO Electric & Machinery of Taiwan and Japan’s Mitsui & Co., Ltd. have inaugurated a new factory in Bengaluru, India, focusing on the electric vehicle (EV) industry.

Moody’s affirms Taiwan’s ‘Aa3’ rating; outlook stays stable

Moody’s Investors Services, a leading international ratings agency, has affirmed Taiwan’s “Aa3” rating, while maintaining the country’s outlook at stable, according to the Central Bank of the Republic of China (Taiwan).

Taiwan Healthcare Expo 2023 Highlights Biomedical InnovationsPhotos - New Southbound Policy
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Taiwan Healthcare Expo 2023 Highlights Biomedical Innovations

The 2023 Taiwan Healthcare Expo, the largest medical technologies event in the Asia-Pacific region, was held at the Taipei Nangang Exhibition Center, drawing over 650 participants and 2,300 booths.

Ministry of Finance and its Affiliates Collaborate to Promote International Fiscal Exchange and Showcase Fruitful AchievementsPhotos - New Southbound Policy
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Ministry of Finance and its Affiliates Collaborate to Promote International Fiscal Exchange and Showcase Fruitful Achievements

The Ministry of Finance actively promotes international exchange and cooperation. In collaboration with the Taxation Administration, Customs Administration, National Taxation Bureaus, Fiscal Information Agency, and Training Institute, the Ministry of Finance and these agencies have jointly advanced international fiscal exchanges.

The Finance Minister, Ms. Tsui-yun Chuang, attends the 2023 APEC Finance Ministers’ Meeting

The Ministry of Finance (MOF) stated that the 2023 APEC Finance Ministers’ Meeting is held in San Francisco, the United States, from November 10 to 13. The Finance Minister Ms. Tsui-Yun Chuang and the Vice Chairperson of Financial Supervisory Commission (FSC) Ms. Tsuey-Lin Hsiao lead a delegation of officials from the MOF, FSC, and the Central Bank, to the Meeting.