Looking in-depth at the latest developments in production, sales, product design innovation, and technology advancements, as well as overall supply capabilities of Taiwan’s major export industries, these reports focus on machinery, auto parts, hardware, furniture, lighting and hardware etc. to keep global buyers and readers informed and better prepared to do business with Taiwan suppliers.
After the upcoming China-Korea free trade agreement (FTA) comes into effect, Taiwan will likely see its overall output value decline by up to NT$650 billion (US$21.89 billion) within the next three to five years, according to the Industrial Economics & Knowledge Center (IEK), a market research unit... Full Story
Taiwan’s sales of trade and food services in H1, 2014 hit a new high of NT$7.1 trillion (US$237.1 billion), with the sales for June up 4.1% year on year to NT$1.2 trillion (US$41.1 billion), according to the Department of Statistics of the Ministry of Economic Affairs (MOEA), which attributes such... Full Story
With the increasingly challenging global market, along with China and S. Korea being close to signing a free trade agreement (FTA), Rock Hsu, chairman of Taiwan’s Chinese National Federation of Industries (CNFI), urges the Taiwanese government to accelerate negotiations with China on striking a Cr... Full Story
Driven by the rise of low-cost carriers (LCCs) as well as aggressive promotions by Taiwan's airlines and travel agencies, the Taoyuan International Airport saw passenger traffic exceed 16.68 million people in the first half (H1) of the year for a 13.1% increase, compared to 14.75 million in the sam... Full Story
With large enterprises continually migrating there, Central Taiwan Science Park (CTSP), one of Taiwan’s top-3 science parks, is likely to challenge annual revenue of NT$500 billion, an all-time high, said Y.C. Wang, director-general of the CTSP Administration, at the park’s 11th anniversary held la... Full Story
With China and Korea stepping up bilateral negotiations to strike a free trade agreement (FTA), Taiwan’s Ministry of Economic Affairs (MOEA) warns that about one-fourth of the island’s export orders from China may be diverted to S. Korea once the FTA becomes effective.
MOEA said that China last ... Full Story
Taiwan’s manufacturing activity has steadily increased in recent months, as the latest report issued by Ministry of Economic Affairs (MOEA) indicates that the industrial production index in June grew 8.63% year-on-year (YoY) to 107.93.
Notable is that the growth hit a 39-month high, partly due t... Full Story
TW Edison Technology Co., Ltd., a Taiwan-based developer of small wind turbines for mainly residential micro-power-generation with paid-in capital of NT$80 million (US$2.66 million), will commercialize the world’s first magnetic levitation electricity-generator in the coming year, according to the ... Full Story
With renminbi (RMB) settlement services increasingly available worldwide to facilitate global trade with China, Taiwan exceeds Asian nations in optimism about the growth potential in trade and transactions with the country, confirms the latest survey by Hong Kong-based HSBC Holdings regarding the ... Full Story
With cross-strait trade agreements stalled to exacerbate foreign investors’ anxiety of Taiwan’s slow regional economic integration, the island’s foreign direct investments (FDIs) and Chinese investments both declined significantly in H1, 2014.
The latest statistics published by the Investment Co... Full Story
Taiwanese enterprises in Vietnam are generally upbeat with the setting up of a branch of the Metal Industry Research & Development Centre (MIRDC), a Taiwanese government-funded R&D institute, who has signed a memorandum-of-understanding with Canxin Group, a consultant and provider of investment ser... Full Story
In line with governmental policy on industrial upgrading and transformation, Taiwan's Ministry of Economic Affairs will step up soliciting foreign investments in the nation's four industries seen to have potential for national development, including offshore wind turbines, electric commercial veh... Full Story
To restructure its economy to achieve sustainable growth, Taiwan has been developing the local maritime industry over the past years, to have created positive results to boost the island’s image as a maritime nation, said C.Y. Chen, Deputy Minister of Transportation and Communications (MOTC), at ... Full Story
Mainly driven by pervasive hikes of freightage for U.S. trade lines, Yang Ming Marine Transport Corp., Taiwan’s top-2 shipper by fleet size, scored revenue of NT$12.227 billion (US$407.56 million) for June, up 10.82% month-on-month, or 5.87% year-on-year, to a 23-month zenith, according to its lat... Full Story
Despite being stalled in signing free trade agreements (FTAs) with trade partners, Taiwan has formally begun multi-lateral negotiations to strike environmental goods agreements with 13 WTO (World Trade Organization) member nations, announced earlier the Ministry of Economic Affairs (MOEA).
Acco... Full Story
With Taiwan’s exports surging due to the simmering global economy, as well as promotions of large container ships, the Kaohsiung Port, the largest commercial port by throughput on the island, saw its container handling volume reach some 914,400 TEUs (twenty-foot equivalent units) in June, the secon... Full Story
Taiwan should target service and Internet technology to direct the future development of its industry, said Taiwan Semiconductor Manufacturing Co. (TSMC) Chairman Morris Chang when he addressed an audience in Taipei on the nation's industry policy.
When asked if Taiwan can create another mega-fi... Full Story
Taiwan’s economic outlook may be increasingly brightening, shows the latest investment survey published by the Ministry of Economic Affairs (MOEA), with local manufacturers more willing to invest in Taiwan this year.
The survey indicates that about 25.7% of the polled 3,000-plus firms at home a... Full Story
With steadily growing economic cooperation between Taiwan and China making the island increasingly attractive for Japanese investors as an overseas investment destination, as many as 20 letters of intent (LOIs) signed by Japanese firms for investments in Taiwan in the past four years all have been ... Full Story
To help Taiwanese medical instrument manufacturers explore markets more effectively, the Metal Industries Research & Development Centre (MIRDC), a government-funded R&D institute, held the Medical Instrument Innovative Technology Matchmaking & MOU signing in early July in Kaohsiung, southern Taiwa... Full Story
CSBC Corp., Taiwan plans to set up a marine construction services subsidiary to develop offshore wind power farms in 2015, according to company chairman Robert Lai. The state-owned shipbuilder hopes to tap into the huge business opportunities created by Taiwan's active development in the green ener... Full Story
According to China News Service (CNS), China’s second-largest government-run media, executives from around 20 energy companies in Taiwan and China jointly visited the U.K. for five days in late June to study investment opportunities in new energy technologies.
The executives were invited by the... Full Story
CKYHE Alliance’s agreement on expanding cooperation on maritime trade routes to and from the U.S. has just been formally approved by the U.S. Federal Maritime Commission (FMC), which should drive growth of the two Taiwanese members, Yang Ming Marine Transport Corp. and Evergreen Marine Corp., start... Full Story
Former Vice President of Taiwan Vincent Siew recently suggested that Taiwan should reduce dependence on trade with China in light of increasing anxiety on the potential consequences of such over-dependence.
He made the statement at the R.O.C-U.S.-Japan Trilateral Security Dialogue held recently ... Full Story
With Asia’s cruise travel market rapidly growing, Taiwan, strategically located between Northeast and Southeast Asia’s cruise network to boast the biggest advantage among others to develop such segment, targets cruise passenger arrivals of 1 million by 2015, according to the Ministry of Transportat... Full Story
To enhance exchange and cooperation between the mining industries of APEC (Asia-Pacific Economic Cooperation) member nations, Taiwan sent a delegation of officials and industry representatives led by Vice Minister of Economic Affairs Woody Duh to the 5th Meeting of APEC Ministers Responsible for Mi... Full Story
With ferry passage being increasingly popular between Taiwan and China as an economical, convenient alternative to airplanes, the number of cross-strait ferry passengers is estimated to exceed 400,000 this year, according to Taiwan’s Ministry of Transportation and Communications (MOTC).
MOTC say... Full Story
German investments in Taiwan are gradually shifting from the north to the central and south, as shown by the latest business confidence survey by the German Trade Office Taipei, which shows Taichung, a central metropolis, is preferred over Taipei as the most attractive investment destination on th... Full Story
To facilitate bilateral investment and trade by creating better tax and investment environments, Taiwan and South Korea are starting negations on double taxation and custom cooperation agreements in July, confirmed S.F. Chang, Taiwan’s Minister of Finance, after a meeting with the newly inaugurated... Full Story
With efforts on improving product mix, customer base and operating efficiency gradually paying off, Makalot Industrial Co., Ltd., Taiwan’s largest apparel manufacturer by size, optimistically aims for a 25% year-on-year growth in annual profits this year compared to last year.
At an investors co... Full Story