Infobrief Taiwan, 02.10.2017


Upcoming GTO Events

GTO Seminar: Savely insured in Taiwan (in German)
October 12th, 2017
GTO Taipei

Wind Energy Taiwan 2017
October 18-29th, 2017
Taipei

Smart Manufacturing in North Rhine-Westphalia (NRW) - Taiwan-Germany Business Seminar on Industrie 4.0
October 24th, 2017
Taichung

GTO Business Talk 
October 25th, 2017
Sherwood Hotel, Taipei

GTO German Business Day at 101 & Wendel's Oktoberfest
October 27th, 2017
Taipei 101 Fountain Plaza

FrankfurtRheinMain GmbH: Investment opportunities for Taiwanese companies interested in the German market
投資德國一對一諮詢服務:法蘭克福萊美兩河地區國際投資促進會
November 7th-8th, 2017
Taiwan


GTO News

GTO German Business Day at 101 & Wendel's Oktoberfest

We would like to invite you to celebrate the GTO German Business Day at the 101 & Wendel's Oktoberfest on October 27th 2017 with us. The GTO German Business Day is part of the 101 & Wendel's Oktoberfest 2017 that is organized together with the European Food Festival at the Taipei 101 Fountain Plaza from October 27th - November 10th 2017. Enjoy Live entertainment by the renowed Oktoberfest-band Bavaria Show Express, All-You-Can-Drink Erdinger Beer, VIP Give-Away and Wendel's Bavarian Delicacies.

Price per table: 22,000 NT$ (accommodates 8 people, Including free flow of German Beer, VIP/Menu & VIP Give-away for each guest)

For more Information and table bookings, please click here or contact Ms. Linda Blechert at Blechert.Linda(at)taiwan.ahk.de.

Bank of Taiwan is to set up a new representative office in Frankfurt

According to a report of the Taipei Times, the Bank of Taiwan approved plans to set up a representative office in Frankfurt, marking the first pre-emptive move of a Taiwanese bank due to the UK´s decision to leave the European Union. Even though the Bank of Taiwan hasn’t made any moves to shut down the London branch yet, this shift of focus to Frankfurt is pointing the way for future developments. Mr. Eric Menges, President & CEO of the FrankfurtRheinMain GmbH, the inward investment agency of FrankfurtRheinMain region will also travel to Taiwan personally on November 7th and 8th to offer further consultation for financial institutions interested in Europe’s financial center, City of Frankfurt. (Taipei Times, 26.09.2017)

DIHK Survey

To shape policy and inform the public, we would like to ask you to participate in our survey about increasing internationalization  of business and the rising global effects on the development in some countries until October 6th, 2017. We would like to use the broad range of member companies of the world-wide network of German Chambers (AHK) to assess global economic developments.

The Survey is accessible via the following link: http://ahk-survey.webtop.de/
The survey will take no more than 3 minutes to complete. The link also works on mobile devices. 
Your participation is highly appreciated!

German engineering and technology solutions for structural protection systems

The Maurer Seminar “German engineering and technology solutions for structural protection systems” on September 26th at our GTO office was a huge success. The two representatives of Maurer traveled from their headquarter in Munich to Taipei to share their long-standing experience with the seminar’s participants: Maurer SE stands for continuous development for more than 140 years, around 120 million EUR turnover and an export rate of over 70%. They have agencies in more than 60 countries and they cover five sales regions comprising 101 countries all over the world. After the seminar, the representatives and the participants were given the chance to exchange experiences and to do networking while enjoying tasty German delicacies. Find more information about the event here.

2017 Asia- Pacific Regional Conference in Perth (Australia) 

From November 3rd-5th, the Asia-Pacific Regional Conference (APRC), the most significant bilateral conference between Germany and Australia will redefine the depth and breadth of economic linkages between the two countries. Political and business leaders will explore new investment and trade opportunities with a special focus on growth in the Asia-Pacific region. 

Learn about the challenges and opportunities in the Asia-Pacific region. Experts from Austrade and Germany Trade and Invest (GTAI) will be on hand to facilitate one-on-one meetings. 

To find out more and to register please click here.

DB Schenker in Taiwan Celebrates 50 Years Anniversary

One year after its initial operations in Hong Kong, DB Schenker Taiwan was founded in 1967, using the high potential of the fast-paced developments in the Taiwanese market. Today their service ranges from air and ocean freight import/export customs brokerage, contract logistics (warehousing, distributions, value added services), as well as to fairs & Exhibitions. So far DB Schenker has established multiple offices in the islands main cities Taipei, Kaohsiung, Taichung, Hsinchu and Tainan. 260 freights forwarding and logistics experts are servicing Taiwanese and overseas customers out of 14 locations, and a warehousing footprint of 35,000 m2 in 5 warehouses, backed up by a strong global network with more than 2,000 offices in 130 countries.

Find the whole report here.


GTAI News

Taiwan expected to significantly increase the supply of car electronics

Growth potential for a number of suppliers / Import of machines for the production of semiconductors booming / By Jürgen Maurer

Taipei (GTAI) - The automotive future is electric and is expected to add new growth dynamics to Taiwan's automotive parts industry. In addition to suppliers of mechanical automotive parts, producers of electronics and telematics equipment are also investing in the supply of automotive products. The focus is on export prospects and integration into the global supply chain. Aside from these recent developments, imports of production machines for semiconductors are equally booming. (GTAI, 18.09.2017)


Economic News

Stable growth at 2% expected for 2018

Cathay Financial Holding C. projected the domestic economy to grow by 2% in 2018, slightly lower than its forecast for 2017. For 2017 GDP growth is expected to reach 2.1%, representing a stable pace of global economic recovery. The cooperation’s forecasts were slightly more conservative compared to the government’s forecasts, which set GDP growth to 2.11% for 2017 and 2.27% for 2018. (Focus Taiwan, 25.09.2017)


Companies and Industries

Research and Development investment by MediaTek

Taiwanese semiconductor MediaTek Inc is going to invest USD 6.6 billion on research and development in Taiwan over a time span of five years. As part of the company’s ambition to explore new areas of growth, a wide range of technologies are going to be developed, including IoT, Industry 4.0, autonomous driving and 5G communications. An incentive for this step has been set by the government with plans to cut the tax on retained earnings from 10% to 5%.(Taipei Times, 28.09.2017)

TSMC to open factory in Tainan instead of the United States

Unlike Foxconn Technology Group with its move to the United States, the worldwide biggest contract chipmaker Taiwan Semiconductor Manufacturing Corporation announced to establish a new factory in Taiwan. In face of past unstable water and electricity supply the government is trying to prevent top technology firms from leaving the island. TSMC chose the Tainan Science Park for their new advanced 3-nanometer chip factory and is therefore paving the way for further investment of electronics suppliers in Taiwan. (Taiwan News, 29.09.2017)

Environment and Green Technologies

Gogoro enters Japanese market

Gogoro Inc, Taiwan’s largest supplier of electric scooters, is going to launch a scooter-sharing service in Ishigaki, Japan. Furthermore the company will feature an open battery-swapping system that could also be used to power cars in the future. In Berlin and Paris Gogoro already provided a total of 1,600 scooters for rental service. Globally 400 GoStation battery-swapping stations are provided by Gogoro, with 17,000 batteries swapped for 40,000 users per day. (Taipei Times, 29.09.2017)

Other News

Start-ups becoming more popular in Taiwan

According to a new survey released by an online job bank, 90% of Taiwanese office workers have had the idea of starting their own business, but only 33% have realized their idea. The most popular types of startups are coffee and tea shops (39.6%), bakeries (38.2%), restaurants and catering services (36.4%), apparel and accessory stores (25.2%) and art design and cultural and creative studios (20.3%). (Focus Taiwan, 26.09.2017).

Recruitment of young people to give rise to investments

Due to a steady decline in investments Taiwan’s Premier William Lai announced to boost investment in Taiwan by restructuring the InvesTaiwan Service Center. The Institute serves as a subsidiary to the Ministry of Economic Affairs and is aimed at the recruitment of young professionals to tackle business development. Aside from InvesTaiwan the government is also going to review infrastructure development plans and public business entities in order to further promote domestic investment. (Taiwan News, 27.09.2017)




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Did you know?


The average temperature in Germany in September is 13,7 °C.

In Taiwan the average temperature in September is 31,4°C.






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.





Contact

German Trade Office TaipeiInternational Trade Bldg., 19F-9, No. 333, Keelung Rd., Sec. 1, Taipei 11012, Taiwan
Tel.: +886-2-8758-5800, Fax: +886-2-8758-5833, info(at)taiwan.ahk.de

info@taiwan.ahk.de

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