InfoBrief Taiwan, 13.11.2017

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GTO News

Secutech International 2018 German Pavilion 

The German Trade Office Taipei is pleased to announce the German Pavilion at the Secutech International 2018 from April 25-27th at Nangang Exhibition Center, Taipei. Secutech is one of Messe Frankfurt’s global flagship events within the safety & security industry and the leading platform to access the Taiwan & Asia market. The show converges security, ICT and IoT technologies to help broaden the scope of intelligent solutions, facilitate cross-industry cooperation and enhance the connection between product design and system integration. The platform provides a wonderful opportunity to explore the market and build strategic partnerships in Taiwan. For more information, please click here

FrankfurtRheinMain GmbH successfully hosted CEO Dinner

FrankfurtRheinMain GmbH successfully hosted the CEO Dinner on November 8th last week. Mr. Eric Menges, President & CEO and Mr. Harald Christian Fuchs, Director China of FrankfurtRheinMain GmbH travelled to Taipei to meet with Taiwanese Company representatives and inform about investment opportunities in the German FrankfurtRheinMain region and answer questions on legal and organizational procedures. The Rhein-Main-Region in Germany is one of the most economically productive regions in Germany and famous for its biotechnology and pharmaceuticals, chemicals, and automation industries.


Taiwan is betting on artificial intelligence

Robotics as a field with high potential/comprehensive expertise as components supplier/By Jürgen Maurer

Taipei (GTAI) – Artificial intelligence (AI) opens up a new field of growth for Taiwan’s electronics sector. Ever more sophisticated robots are the ultimate reflection of AI and they need high performance chips. Robots are capable of filling gaps in the workforce and in many industries and service sectors they can lead to productivity advances. Taiwan aims to position itself as a key player in the development and supply of such components. (GTAI, 07.07.2017)

Economic News

Falling Staple Food Prices

Due to lower fruit, vegetable and egg prices, the consumer price index in October 2017 declined 0.32% compared to October 2016. Food costs in general dropped 3,86%. Bad weather and fipronil contamination of eggs caused escalating prices in 2016. However, prices for other products and services, such as healthcare items and transportation increased. From January to October 2017 the CPI moved up 0.59%. (Taipei Times, 08.11.2017)

Taiwan is pushing trade goals at APEC summit

Taiwan's special envoy to the 2017 Asia-Pacific Economic Cooperation (APEC) meeting in Vietnam, James Soong, stated that the participation in the leaders summit helped greatly to advance Taiwan’s trade policy goals in the region. He noted that the discussions significantly helped to advance the goals of Taiwan’s New Southbound Policy, a project implemented by the Tsai administration to seek greater economic integration with the island's South East Asian neighbors. Soong especially stressed Taiwan’s desire to deepen bilateral cooperation with Laos and Myanmar, whose leaders he had met during an informal meeting of APEC and ASEAN member states during the summit. (Focus Taiwan, 12.01.2017)

Companies and Industries

Formosa Plastics has positive business outlook for Q4

Taiwans largest polyvinyl chloride producer Formosa Plastics Corp gave an optimistic outlook for the coming quarter as the global petrochemicals market remains undersupplied. It is expected that this quarter's revenue will surpass last quarter's 53.88 bn NTD as product prices are forecast to hover at relatively high levels due to unresolved supply constraints. Global prices of ethylene vinyl acetate are also expected to remain high, as most Chinese and South Korean manufacturers have seen their inventories drop to below normal levels, indicating that supply is in a critical peak season. (Taipei Times, 07.11.2017)

Growth boost for Adata Technology

The world's second largest memory module manufacturer Adata Technology Co. announced that its net profit almost doubled during the last quarter. Adata benefited from the global upward trend of DRAM and NAND memory module prices. The company predicted in August that a short supply of DRAM chips would prompt a new wave of price hikes of more than 10 percent this quarter, as seasonal demand picks up after a short break in the second quarter. The boom could extend into the first half of next year, on the back of stronger-than-expected demand across the board, including data centers, mobile phones and computers. (Taipei Times, 09.11.2017)

Environment and Green Technologies

Uranium disposal by 2019

According to the Atomic Energy Council Minister, Hsieh Shou-shing Taiwan´s uranium reserves is expected to be fully disposed by 2019. In the 1980s, Taiwan imported about 35 metric tons of uranium hexafluoride (UF6) from the United States and France to carry out uranium enrichment to produce fuel for nuclear reactors. Due to changes in the country's nuclear fuel development policies, the uranium enrichment plan was later scrapped. The uranium hexafluoride has since been unused and is currently stored in cylinders at an AEC facility. The costs of the disposal will approximately be USD 4.96 m. (Focus Taiwan, 06.11.2017)

Premier guarantees stable power supply by 2019

The premier William Lai is convinced that Taiwan’s power supply will stabilize by 2019 as more natural gas, coal and renewable power sources are to be installed. New natural gas generators in Taoyuan and Miaoli County will help restore the power reserve margin and operating reserve margin for a stable power supply. The governments renewable energy projects are also expected to contribute 3GW to the power supply by 2020. (Taipei Times, 09.11.2017)

Bilateral Business News

Taiwan approves Import of German Apples 

Taiwan has granted the importation of fresh apple fruits from Germany to Taiwan. The Council of Agriculture, Executive Yuan promulgated that the importation of fresh apple fruits from Germany must be regulated according to the Quarantine Requirements of The Importation of Plants or Plant Products into The Republic of China. The regulation contains requirements for packinghouses, inspection procedures and export certifications. More here

Other News

Taiwan wins 36 medals at International Trade Fair in Germany

Taiwan won 36 medals at Germany’s 69th iENA International Trade Fair in Nuremberg. The fair took place from 2nd to 5th of November. 41 exhibitors from Taiwan participated at this year’s event. Overall more than 800 submissions from 30 countries were gathered at what is one of the world’s most important invention fairs. Taiwan claimed 14 gold, 14 silver and 8 bronze medals. In particular students from Taiwan’s biotechnology industry showed a tremendously high innovation potential and returned home with several medals. (Taiwan News, 05.11.2017)

Taipei City Autonomous Vehicle Test Field Program

On November 6th the Taipei City Autonomous Vehicle Test Field Program took place at the Smart Car International Industry Applications Forum. Local and foreign manufacturers of self-driving cars conducted experiments in related technologies at the venue. The forum aimed to share innovative applications in the field of driverless car technology and carry out experiments regarding Internet of Vehicles, autopilot technology, and initialization of infrastructure. The experience will to help industry players improve their products and strengthen their position in the global market. (Taiwan News, 08.11.2017)

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Did you know?

On November 11th Germans celebrate St. Martin's Day, carrying lanterns through the street.

According to the moon calendar the Lantern festival is celebrated on January 15th in Taiwan.





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