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…

Positive Indications on the Trade Front Given Taiwan’s heavy reliance on international trade for its economic momentum, the past several weeks brought some encouraging news. Announcement of Taiwan’s trade figures for July showed that exports had continued to increase for the fifth consecutive month. At US$29.36 billion, export value in July was 4.7% higher than…

The Five Shortages refers to Taiwan’s lack of sufficient land, water, power, manpower, and talent to meet its need for continuing economic growth. The term was first coined by the Chinese National Federation of Industries (CNFI) in its 2015 white paper, and the umbrella organization of Taiwanese manufacturing associations continues to call upon the government…

The Taiwan government is encouraging the country’s insurance companies to tap into their NT$23 trillion (US$767 billion) in insurance funds to help support national infrastructure and development projects. At the top of the list is the green energy portion of the government’s “5+2” key innovative industry program. With the ruling Democratic Progressive Party (DPP) committed…

As an investment destination, the United States is attracting greater interest from Taiwan’s top corporations – but it’s struggling to attract smaller players.  Terry Gou knows an opportunity when he sees one. The Foxconn chief’s fine-tuned business and political instincts seized the chance provided by the new Trump administration’s push to revive the American manufacturing…

Taiwan foresees heightened business opportunities, especially in areas related to the digital economy, green energy, and the biomedical sector. The annual Taiwan Business Alliance Conference organized by the Ministry of Economic Affairs (MOEA) is an effort to stimulate interest in investing in Taiwan among foreign and overseas Chinese enterprises. The 2017 Conference, held October 6…

Rising worldwide demand for Taiwan’s export products is injecting more vitality into the economy. Most economists are currently forecasting GDP growth for this year and 2018 in the range of 2-2.5% – not the fast pace that Taiwan was long accustomed to, but still an improvement over recent economic performance. Given Taiwanese companies’ prominent role…