Published May 12, 2021, 5:40 PM
Bureau of Foreign Trade (BOFT) and Taiwan External Trade Development Council (TAITRA)
Taiwan is one of the nations that heeded the call to be more earth-friendly when it comes to manufacturing particularly in its plastic and rubber industry. Very timely indeed as global awareness on environmental issues continues to rise with particular interest on how manufacturing practices can be made more efficient, produce less harmful wastes and be energy efficient in order not to harm Mother Nature.
Last May 6, 2021, in the webinar “Shaping Tomorrow, Discovering Taiwan Plastic & Rubber Machinery”, organized by the Bureau of Foreign Trade (BOFT), MOEA, Taiwan, R.O.C., and the Taiwan External Trade Development Council (TAITRA), in conjunction with Taiwan Association of Machinery Industry (TAMI), five leading Taiwanese companies shared their advanced manufacturing technologies. The event attracted more than 284 people who all registered online, with 176 peak
Taiwan Business TOPICS
Exports Climb as FOREX Reserves Fall
The International Monetary Fund (IMF) in April raised its forecast of Taiwan’s 2021 GDP growth to 4.7%, much higher than the 3.2% figure it provided last October. The organization’s biannual World Economic Outlook report cited a “stronger than anticipated rebound” of the global economy as the reason for its upward adjustment. The new projection surpasses both the 4.64% forecast by Taiwan’s Directorate General of Budgeting, Accounting and Statistics (DBGAS) and the 4.53% predicted by Taiwan’s Central Bank. According to the IMF report, Taiwan’s predicted growth ranks third among the “Four Asian Tigers,” after that of Hong Kong and Singapore.
The nation’s machinery exports last month rose 30.7 percent from a year earlier to US$2.22 billion on the back of a strong recovery in global demand, despite a hike in raw material prices and tight supply in cargo shipping services, the Taiwan Association of Machinery Industry (TAMI, 台灣機械公會) reported last week.
In New Taiwan dollar terms, machinery exports last month increased 22.5 percent to NT$81.92 billion (US$2.89 billion), the association said.
Among machinery goods, electronic equipment exports soared 135.2 percent to US$532 million from a year earlier, followed by exports of inspection equipment (US$385 million) and power transmission equipment (US$225 million).
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Taipei machine tool show to go virtual, physical event postponed
02/01/2021 08:46 PM
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President Tsai Ing-wen (front, center) and local officials look at hardware tools exhibited at a booth during the 2019 Taipei International Machine Tool Show (TIMTOS). CNA file photo.
Taipei, Feb. 1 (CNA) The physical 2021 Taipei International Machine Tool Show (TIMTOS), which was scheduled to open in March, will be postponed to an as-yet undecided date due to a surge in domestic cases of COVID-19 in Taiwan, the Taiwan External Trade Development Council (TAITRA) said Monday.
However, the show will still take place March 15-April 15, albeit in a virtual format, the department said.