Offshore Wind Enters Commercial Stage President Tsai Ing-wen attended the inauguration of Taiwan’s first commercial-scale offshore wind farm, Formosa 1, on November 12 in a ceremony at the Longfeng Fishing Harbor in Miaoli. Located between two and six kilometers off the coast of Miaoli, the NT$18.7 billion (over US$623 million), 128-megawatt (MW) project is designed…

As the U.S.-China trade war continues, an air of uncertainty hangs over the global financial-services sector. The precariousness of the situation caused stock markets to perform very poorly last year. The Dow Jones Industrial Average’s annual return for 2018 was -5.63%, while the S&P 500 returned -6.24%, the first decline for the two indexes after…

Each autumn, the Ministry of Economic Affairs holds a Taiwan Business Alliance Conference to promote Taiwan’s advantages as a location for foreign investment and to spotlight new business opportunities. This year’s program, held October 7 at the Taipei International Convention Center, included a new wrinkle. For the first time, the Ministry presented an “Economic Contribution…

The Taoyuan Aerotropolis is the largest infrastructure project undertaken in Taiwan since the “Ten Major Infrastructure Projects” of the 1970s. With expected total investment of more than NT$500 billion (US$16 billion), it will create NT$2.3 trillion (about US$75 billion) in economic value, generate 20,000-30,000 job opportunities, and bring concrete benefits to both the aviation and…

The New Southbound Policy, launched in 2016 to enhance Taiwan’s contacts with countries in the surrounding region, has recently taken on added significance. The deterioration in U.S.-China economic relations has placed the spotlight on Southeast Asia and India as prime areas for future growth in trade and investment. Taiwan’s efforts to enhance relations with those…

A revamped government organization stresses dedication to helping companies solve problems. From early this year, the government agencies dealing with investment matters have been brought together under a new umbrella organization, InvesTaiwan, characterized by a logo featuring a stalk of grain, symbolizing the fertility of Taiwan’s business environment. Three agencies of the Ministry of Economic…