InfoBrief Taiwan, 08.01.2018


Upcoming GTO Events

GTO Business Talk - Hogan Lovells: Lenders' legal due diligence checklist and documentation for offshore wind project finance

Date: January 18th 2018
Venue: The Sherwood Taipei

Taiwanese-German Industrial Design Conference

Dates: January 23rd 2018
Venue: Smart Machinery Promotion Office, Taichung Industrial Park, Taichung 

GTO Outlook 2018 and Wirtschaftsstammtisch

Dates: February 1st, 2018
Venue: Grand Hyatt Hotel Taipei

2018 Secutech German Pavilion

Show Dates: April 25th - 27th 2018
Venue: 1F.,Taipei Nangang Exhibition Center 
Application Deadline: January 19th 2018


GTO News

Panel on German agriculture and food industry exports to Taiwan

The Chamber of Industry and Commerce in Hanover (IHK Hannover) will host a “Panel on the Promotion of Exports of the German Agriculture and Food Industries to India, Malaysia and Taiwan” on 27th February 2018 in Hanover. The panel is both relevant for German exporters as well as Taiwanese importers of German products. GTO Taipei Executive Director Axel Limberg, as well as Wei-Chih Cheng, Senior Technical Specialist at the Taiwan Food and Drug Administration (FDA) and Cosmo Tu, CEO of Z-mole Waydesign Co. will attend the forum and will present various aspects of the Taiwanese food import market. (IHK Hannover)

Delegation of German Industrial Designers to Visit Taiwan

A delegation of German Industrial Designers will visit Taiwan to meet with Taiwanese manufacturers of different industries such as machines/ machine tools, automotive/ motorcycles, medical devices and household goods. The German Industrial Designers offer the following services: 

  • Improve the design, function, engineering and marketing of products
  • Develop product designs with respect to the European / German market
  • Develop and improve the design of digital user interfaces

The delegation includes members from 8QuadratDesign, ECKSTEIN Design, INDEED, NOTO, and studiokurbos. For more information on the event, the designers' profiles, and how to get in touch with them, please click here.

2018 Secutech German Pavilion

The German Trade Office Taipei is organizing the first German Pavilion at Nangang Exhibition Hall 1F. We sincerely invite you to exhibit at 2018 Secutech German Pavilion and showcase made-in-Germany products, latest technologies and innovations. Secutech is one of the most important events for the security industry and the best platform to access the Asian 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. For more information, click here.


DEinternational Taiwan Ltd. – Weekly Service introduction

Meeting Room Rental

If you’re looking for locations for a meeting, seminar or conference, DEinternational offers a fully equipped meeting room for 20-30 people, within walking distance of the Taipei 101 and in the financial and commercial center of Taipei. For more information, click here.


Economic News

Government committed to fighting low wages in 2018

Taiwanese president Tsai Ing-wen declared fighting low wages in Taiwan as one of the government’s goals in 2018. She pointed out that low salaries for young employees' were an especially important issue in Taiwanese society today. According to Tsai, the government has plans to give companies incentives through rewards or subsidies, if they are willing to raise the salaries of their employees'. She hopes that a pay raise in the public sector will encourage private enterprises to follow suit. (Focus Taiwan, 1.1.2018)

Manufacturing and service sector continue to expand in December

The Taiwanese economy remained on a steady growth path in December, as both the manufacturing and service sector expanded in December, according to the Chung-Hua Institution for Economic Research. The Taiwanese think tank stated that the Purchasing Managers Index (PMI), an important indicator for the manufacturing sector, indicated a steady growth for the 22nd consecutive month, while the non-manufacturing index (NMI), covering the service sector, showed an expansion for the 10th consecutive month. (Focus Taiwan, 02.01.2018)


Environment and Green Technologies

Government fund to invest in new solar energy firm

On Wednesday a decision about the National Development fund has been made. In order to support President Tsai’s “5+2 Industrial Innovation” plan, the fund is to be invested in a new solar energy company formed by three local firms. The merge of Neo Solar, Gintech Energy and Solartech Energy would be the largest deal of its kind in the solar energy market with NTD 21.1bn (USD 706.7m) in capital. The deal is expected to be completed in the third quarter of the year and the company is to be called United Renewable Energy Co. (Taipei Times, 02.01.2018)

Taiwan aiming to set up 3,310 battery charging stations by 2022

The Ministry of Economic Affairs (MOEA) is planning to install 3,310 battery charging stations around Taiwan over the next five years to encourage greater use of electric vehicles. The installation of the new charging stations will bring the total number in Taiwan to 5,010, as 1,700 stations were set up last year. The charging stations will provide service for an estimated 226,000 electric vehicles that will be on the roads by 2022 in Taiwan. The plan is part of a wider government initiative to phase out fuel-powered motorcycles in Taiwan by 2035. (Focus Taiwan, 03.01.2018)

Taiwan prepares for opportunities on electric vehicle market in India

Starting from this year, the Taiwan External Trade Development Council (TAITRA) will work together with the Union of Taiwan Electric Vehicles to set foot in the Indian electric vehicle market. India recently stated the goal to make all cars and vehicles electric by 2030. So far there are only around 400,000 electric motorcycles in India, a country with a population of around 1.3bn. It has overtaken China as the world’s largest market for motorcycles. Taiwan has similar plans to abolish all non-electric motorcycles by 2035 and is home to a wide range of motorcycle manufacturers that are now lining up for the enormous business potential in the Indian market. (China Post, 28.12.2017)




Companies and Industries

Fubon promises minimum pay of NT$30,000 for entry-level workers

As Taiwan’s economic outlook for 2018 remains strong, the government declared raising wages one of its major tasks in the new year. In line with this goal, Taiwan’s Fubon Group announced that it will increase salaries for entry-level employees with a college degree to at least NTD 30,000 per month, according to Fubon Group Chairman Daniel Tsai. He revealed his optimism about Taiwan’s economic climate in the coming year and expressed his confidence that it would positively affect wages in the country. According to Tsai, Fubon has been giving annual pay rises of at least 3% in the past years. (Focus Taiwan, 03.01.2018)

Taiwan’s technology companies wary of possible American tech deal

As a possible takeover of Qualcomm Inc. by Broadcom Ltd., two US-based tech giants, becomes more feasible, Taiwanese technology firms are urging the government to appropriate measures to strengthen and support the local industry. The Allied Association for Science Park Industries Taiwan advised the government to help local technology companies tap into opportunities from emerging fields, such as artificial intelligence (AI), and take lead in establishing a platform that would promote vertical collaboration across the supply chain, and increase wages and research funding for university professors and researchers. (Taipei Times, 03.01.2018)

Other News

Taiwan planning to reform immigration law to attract foreign talent

In order to tackle Taiwan’s increasing work force shortage, the government will try to attract more foreign talent. It is currently debating whether to introduce a new immigration law to remove inadequacies of existing laws and regulations. According to Premier Lai Ching-te, a forward-looking immigration policy will be formulated in 2018 and a new foreign talent recruitment bill that already cleared Legislature on Oct. 31st will help to improve the working environment of foreign nationals. Taiwan’s working population peaked in 2015 at 17.37m and is expected to decrease to 15.16m until 2030. (Taiwan Today, 29.12.2017)

New Southbound Policy service center launched in Taipei

A New Southbound Policy center was launched in Taipei City on January 2nd, providing Taiwan-based businesses with key information on various programs under the Taiwanese government’s New Southbound Policy Initiative, which aims to deepen economic ties with Taiwan’s Neighbours in Southeast Asia. Head of the office, Tsai Yun-chung, said the new center offers an efficient communication platform between the government and industry, and will help identify demand and resources in target countries, as well as provide consulting services for small and medium enterprises on tapping into Southeast Asian markets. (Taiwan News, 02.01.2017)

Follow us on:

linkedin
Instagram
facebook
twitter
google plus
LINE

Subscribe / Unsubscribe:
If you wish to no longer receive our newsletter, please click here. If this newsletter was forwarded to you and you wish to sign up, please click here.

Imprint:
Publisher:
German Trade Office Taipei
International 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

Advertisements:
DEinternational Taiwan Ltd., Vertriebsgesellschaft des Deutschen Wirtschaftsbüro Taipei
International Trade Bldg., 19F-10, No. 333, Keelung Rd., Sec. 1, Taipei 11012, Taiwan
Tel.: +886-2-8758-5800, Fax: +886-2-8758-5833, services(at)taiwan.ahk.de

Copyright:
This newsletter is subject to German copyright law. Contents of this newsletters may be copied, distributed or  linked to only if „InfoBrief Taiwan“, “Deutsches Wirtschaftsbüro Taipei”, „InfoBrief Taiwan“ or “German Trade Office Taipei” is visibly shown as source.

Premium Partners 2018

Display Options

DEinternational Taiwan Ltd.

Service Unit of the German Trade Office Taipei

 +886-2-8758-5800
services(at)deinternational.com.tw


Did you know?


According to Fortune Magazine’s Global 500 list, Hon Hai Precision Industry (Foxconn) was Taiwan’s largest company by revenue in 2017, with total returns of around USD 135bn.

According to Fortune Magazine’s Global 500 list, Volkswagen was Germany’s largest company by revenue in 2017, with total returns of around USD 240bn.





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.





David Yuan
Assistant Manager Media & Communications 
Tel.: +886-2-8758-5805
yuan.david(at)taiwan.ahk.de

Scan this QR-Code with your smartphone to subscribe to the InfoBrief Taiwan.