Infobrief Taiwan, 05.06.2017


GTO Events

Intercultural Business Training: "Go to EU" (in Chinese)
June 9th, 2017
09:30-12:30
GTO Taipei

Intercultural Business Training: "A better understanding of Taiwan"
June 14th, 2017
09:30-12:30
GTO Taipei 

Asparagus Dinner
June 15th, 2017
19:00-22:00
Sherwood Taipei

Greater China Day 2017
June 21st, 2017
08:30-17:15
IHK Cologne (Germany)

Expert Conference: Offshore Wind Power in Taiwan (Energy Export Initiative of the German Ministry of Economic Affairs)
July 11th, 2017
09:00-17:00

GTO News

Business trip to Taiwan as part of the “Exportinitiative Energie” of Germany’s MOEA
The German Trade Office is organizing a business trip to Taiwan in cooperation with Baden-Wurttemberg International and the German Asia-Pacific Business Association. The delegation will explore investment and cooperation opportunities for German corporations in the offshore wind industry sector. Purpose of the business trip will be for German companies to become involved in the planning and constructing of wind farms. For more information and registration, please click here or contact Daniela Bendel at (daniela.bendel@bw-i.de).

Register now for the Greater China Day 2017
The “Greater China Day”, one of the most important events on Greater China in Germany, is going to take place on June 21st, 2017, in Cologne. This year’s main topic "Greater China - Strategic Partner or Competitor?" will be the focus of workshops, talks and panel discussions.Registration will close on June 13th. Admission is 150€ per person.For more information and the registration form, please visit IHK Cologne’s event page.


GTAI News

Taiwan plans to implement a new infrastructure program
Estimated volume of NT$ 880 bn. / Program’s focus is aimed at railway and water way infrastructure / Dr. Jürgen Maurer

Taiwan’s government is aiming to stimulate the national economic development by setting up a far-reaching infrastructure program. Public and Private investments from Taiwan and abroad aim to enhance the capabilities of energy, water and digital infrastructure of the country. The government is expecting that through its newly implemented initiatives they can boost the domestic economy, thus leading to an increase of Taiwan’s global competitiveness.

Economic News

Taiwan placed 14th in IMD competitiveness ranking
The International Institute for Management (IMD) has ranked Taiwan 14th in global competitiveness, thereby taking the same place as in 2016. Among other Asian countries Taiwan reached third place behind Hong Kong and Singapore. Hong Kong and Switzerland have been ranked as the most competitive countries in this survey which based their decision by taking 340 criteria into account, including economic performance, government and business efficiency as well as infrastructure. The government has announced to continue its deregulation effort as a reaction to a decline in government efficiency in comparison to 2016. (Focus Taiwan, 01.06.2017)

A majority of employees receive no raise in 2016
A recently published survey in 2016 by the DGBAS revealed that 79% of employees in the industrial and service sector received no raise in salaries. The survey, which included nearly 10,000 companies pointed out that average earnings of university graduates on their first job was TWD 28,116 (USD 932) per month while the average salary of all first-time employers stood at TWD 26,723 (USD 886). Employees in service sectors like auto repair or beauty salons earn significantly less. (Focus Taiwan, 31.05.2017)

Consumer confidence falls slightly in May
According to a survey by the National Central University, consumer confidence has slightly declined in May, marking the end of three consecutive months of positive development. This development can be attributed to the newly implemented labor law regulations, which seek to improve work conditions for employees. According to Mr. Dachrahn Wu, head of the center conducting the research, these newly implemented regulations are an important factor as to why costs for companies and services have risen, leading to a price increase. (Focus Taiwan, 31.05.2017)


Companies and Industries

New sales high for hypermarkets in 2017
Sales generated by hypermarket chains in Taiwan are expected to hit a new high of USD 6.62 bn. in 2017. In the past decade, sales in the hypermarket sector posted a compound annual growth rate of 3.7%. As the end of April Taiwan had a total of 156 hypermarkets. Carrefour, RT-Mart, Costco and Taisuco are the four largest. Almost 80% of the hypermarkets are located in the six largest municipalities in Taiwan. Despite the anticipated sales growth e-commerce operators pose a serious threat for hypermarkets to retain consumers. (Focus Taiwan, 30.05.2017)

High-tech exhibition Computex 2017 to help boost economic growth
Innovations in information technology are hoped to help boost the economic growth, the Taipei Computer Association said at the Computex Taipei 2017 opening last Tuesday. The trade exhibition highlighted Taiwan’s strength in information technology development on the world stage and further served as a platform for exchange among exhibitors and visitors from overseas. The focus was put on the Internet of Things (IoT), smart city and smart home applications, computer gaming, augmented reality and virtual reality (VR). 1,600 exhibitors demonstrated their innovations at 5,010 booths. (Focus Taiwan, 30.05.2017)

60,000 robots to help Hon Hai improve efficiency

Taiwan-based Hon Tai Technology Group, the world’s largest contract electronics maker, is relying on about 60,000 robots on its global production lines to improve efficiency and speed up the establishment of smart-factories. Hon Hai now has five “lights-out” factories that are fully automated and require no onsite human presence to lower its operating costs and boost production output. By 2025, the global economic value resulting from such developments will be USD 11 tn. higher, of which USD 3.7 tn. will be contributed by IoT-related industries. (Focus Taiwan, 01.06.2017)


Economic Relations Taiwan-China

Taiwan entrepreneur taps into booming Chinese drone market
Feng Po, a Taiwanese industry leader in the drone industry, leads Taiwanese businesses to enter the soaring drone industry in China by helping them setting up their own unmanned aerial systems (UAS). Global consumer drone market leader DJI (Da-Jiang Innovations Technology Co.) sources 30% of its spare parts and components from Taiwan, according to Feng. Taiwan UAS Development Association (TWUAS), founded by Feng, aims to bring Taiwanese companies into the Chinese market when drones will begin to be used commercial applications such as product deliveries and resource exploitation, so the entrepreneur. Shenzhen has become the main distribution hub in China with more than 1,000 drone companies. (Focus Taiwan, 29.05.2017)


Environment and Green Technologies

No more plastic shopping bags at RT-Mart starting July 1
To promote environmental protection RT-Mart will stop selling plastic shopping bags in Taiwan beginning in July. The policy will help to reduce carbon emissions. It is estimated that the policy will prevent 7.3 million plastic bags reaching the market each year, reducing carbon emissions by the equivalent of planting 34,000 trees a year, RT-Mart said. Soon, consumers will be advised to purchase- if needed- environment-friendly shopping bags. (Focus Taiwan, 31.05.2017)

EPA drafts subsidy plan to phase out older diesel trucks
To phase out one of the country’s major air pollution sources, the Environmental Protection Administration (EPA) has drafted a plan to give private diesel truck owners up to USD 13,285 if they agree to have their old trucks scrapped and terminated. EPA data shows that particularly hazardous PM 2.5 particulates originating from older diesel trucks in Taiwan account for 11.2% to 16.8% of total mobile PM 2.5 pollutants generated on the island.
(Focus Taiwan, 29.05.2017)




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Leonie Yang
Manager Media & Communications
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Did you know?


In Germany, 41% of marriages end up in divorce (2016).

In Taiwan, 31% of marriages end up divorced (2015).

 

 






Glossary

DGBAS

Directorate General of Budget, Accounting and Statistics

ECFA

Economic Cooperation Framework Agreement

ITRI

Industrial Technology Research Institute

MOEA

Ministry of Economic Affairs

MOF

Ministry of Finance

MOFA

Ministry of Foreign Affairs

MOI

Ministry of the Interior

MOST

Ministry of Science and Technology

TAITRA

Taiwan External Trade Development Council

TSMC

Taiwan Semiconductor Manufacturing Company


Note: All figures are in US Dollar and originate from the newspaper articles or have been converted according to the current exchange rate.





Leonie Yang
Manager Media & Communications
Tel.: +886-2-8758-5805
yang.leonie(at)taiwan.ahk.de




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