InfoBrief Taiwan, 16.04.2018


Upcoming GTO Events

Save the Date: GTO Asparagus Dinner 2018

Date: May 31st, 2018
Venue: Grand Hyatt Taipei

TrainingProgramme Taiwan 2018:

1. Effective Presentations with Practice

Date: May 11th, 2018
Venue: German Trade Office Taipei

2. Global Management & Business Etiquettes - German and Chinese Perspectives

Date: May 25th, 2018
Venue: German Trade Office Taipei


GTO News

DIHK-Survey: Foreign investments continue to rise - Germany benefits

The Association of German Chambers of Commerce and Industry (DIHK) released released its survey report on foreign investments in the manufacturing industry for Spring 2018 titled: “Foreign investments continue to rise - Germany benefits" The results showed several developments in Germany's economy, including increased global investment activities by Germany companies, an equal level of investment intentions by industrial companies in Germany and abroad, as well as a higher perceived risk seen in the supply of skilled workers. View the full report here

Join the 3rd German-Taiwanese Smart Machinery Forum with B2B Matchmaking

Between November the 7th and 11th, the German Trade Office Taipei (GTO) will lead the Smart Machinery Promotion Office are leading a German Delegation to visit the 'Taiwan International Machine Tool Show', which will include the participation of the Third German - Taiwanese Smart Machinery Forum. The Forum, which will be attended by leaders and experts from various industries, will be held at the Taichung City Hall and feature panel discussions about future developments within the machine industry as well as opportunities for B2B Matchmaking. To join the delegation and attend the exhibition and forum please click here.

First German-Taiwanese Call for Proposals for Joint R&D Projects launched

Germany and Taiwan enter into a bilateral agreement connected to the German Central Innovation Programme for SMEs. This bilateral agreement aims at facilitating synchronized funding for transnational cooperative research projects. Within this framework a joint call for proposals is published. The joint call is meant for Taiwanese and German SMEs which want to develop new or significantly improve existing products, processes or technical services. Applicants are expected to develop ready-to-market solutions for products, technology based services or methods in all technological and application areas which have strong market potential. More Information about the programme and how to apply here.

European Innovation Week

European Innovation Week is a joint initiative of the European Commission, the Bureau of Foreign Trade of Taiwan (BOFT), the consortium members of the enterprise Europe Network (EEN Taiwan), and the Taiwan External Trade Development Council (TAITRA). The event will feature a series of seminars on circular economy, smart mobility, smart manufacturing, wind power, clusters, 5G, medical devices and Horizon 2020 (the EU Framework for Research and Innovation) . B2B, B2C and C2C (C = cluster) matchmaking meetings will take place on 5 June, bringing Taiwanese and European SMEs / enterprises, clusters and institutes together to facilitate business cooperation, technology-sharing, and innovation collaboration. More information here

Business Trip for German small & medium-sized enterprises (SMEs) on airport expansion - Taoyuan Aerotropolis

From the 3rd to the 7th of September 2018 the German Trade Office Taipei organizes in cooperation with Systems for Business (SBS) solutions a 5-day business journey to Taiwan (Taipei). The project is being implemented as part of the market development program for small and medium-sized enterprises (SMEs) of the Federal Ministry for Economic Affairs and Energy (BMWi) and is aimed at German companies in the sector of construction, aerospace and logistics sectors.With this delegation trip, the Federal Ministry for Economic Affairs and Energy supports German companies in their aim to establishing business contacts with Taiwanese enterprises. More information here.

DEInternational Taiwan

Trade Fairs - Interzoo 2018

Taiwan's Pingtung Agricultural Biotechnology Park (PABP) is leading an elite group of manufacturers and associations to Germany set up the Agricultural Technology Pavilion at the Interzoo 2018 exhibition at the NuernbergMesse between 8. - 11. May 2018. The pavilion will showcase Taiwan’s cutting-edge research and innovation within the field of ornamental aquatic animals and pet healthcare, displaying new ornamental aquatic species, aquarium plants, and accessories like filters, food, and lamps. PABP welcomes all visitors and buyers to visit its pavilion at Hall 9, Booth 9-106 and 9-108 during happy hour at 2:00 pm on May 9th and experience the latest technologies within the aquatic animal and pet industry while savoring traditional Taiwanese delicacies. For more information click here.


Our Publications:

  • Company Directory (English)
  • Trade Fair Guide Germany 2018/2019 (Chinese) (free)
  • Legal Guide: Company & Labor Law (German)
  • Legal Guide: Intellectual Patent Law (German)
  • Newsletter: Infobrief Germany (Chinese)
  • Newsletter: Infobrief Taiwan (English)

Economic News

Taiwan's exports grow in March on strong global demand

Taiwan's exports in March rose 16.7% from a year earlier to USD29.99 bn as global demand remained strong, according to data released by the Ministry of Finance (MOF) on Monday. The March export figures returned to positive territory after posting a slight year-on-year decline in February, when there were fewer working days as a result of the six-day Lunar New Year holiday. Taiwan experienced export growth to all of its main markets in March, with outbound sales up 30.9% year-on-year to China and Hong Kong, 1.6% to Southeast Asia, 18.8% to Japan, 4.3% to the United States, and 15.1% to Europe. (Focus Taiwan, 09.04.2018)

Taiwan outperforms China in Asian Competitiveness annual report

In a competitiveness report issued by a side event at the China-dominated Boao Forum, Taiwan has been ranked fourth for the seventh consecutive year, while China is ranked ninth. Founded by China in 2001, the BFA is an organization that hosts high-level forums for leaders from government, business and academia in Asia and other continents to discuss and exchange ideas over economic and social issues. Despite being the world's second largest economy, China was evaluated as being less competitive than its neighboring countries, including the perennial winner Singapore, followed by Hong Kong (2), South Korea (3), Taiwan (4), Australia (5), Israel (6), Japan (7), New Zealand (8), China (9), and Bahrain (10). (Taiwan News, 09.04.2018)




Environment and Green Technologies

Siemens Gamesa awarded expansion of Taiwan’s  Formosa 1 offshore wind power plant

Only one year after the successful commissioning of Taiwan’s pioneering Formosa 1 Phase 1 offshore wind power plant, Siemens Gamesa Renewable Energy (SGRE) has been contracted to supply an additional 120 MW of capacity for Formosa 1 Phase 2. The contracts signed today are subject to the joint venture’s final investment decision and financial close, which are expected later this year. In addition to the turbine supply agreement, a 15-year Full service agreement is also signed and includes the provision of spare parts and tools to help ensure the reliability and optimal performance of the turbines.The installation of the 20 SWT-6.0-154 wind turbines will start in 2019. They will expand the total capacity of Formosa 1 wind power plant to 128 megawatts (MW). (Full press release here)

Taiwan's air pollution law aimed at 5m two-stroke scooters, 'old cars'

Amendments to Taiwan's Air Pollution Control Act, which will place tighter emissions restrictions on old cars, two-stroke scooters and diesel trucks, was approved by the legislature yesterday. As part of the updates to Article 35, emissions standards for cars over 10 years in age will be raised, and if a driver's vehicle fails an emissions inspection or does not have their vehicle inspected, their license plate will be confiscated. If the proposed amendment passes its third reading, Taiwan's 5m two-stroke scooters owners as well as it 76,000 diesel truck drivers will be directly affected. (Taiwan News, 10.04.2018)

Taiwan vertical farm to invest USD 25m in Britain: UK minister

Graham Stuart, minister for investment in the United Kingdom's Department for International Trade, on Tuesday announced a plan by the taiwanese YesHealth Agri-Biotechnology Co. from Taoyuan to establish a vertical farming factory in the UK. "Our cooperation on the green economy is a perfect example of how Taiwan and the UK can work together, sharing knowledge and expertise to build a brighter global future," Stuart said at the press conference, which was also attended by Taoyuan City Mayor Cheng Wen-tsan. (Focus Taiwan, 10.04.2018)

Companies and Industries

TSMC revenue up 60% on AI demand

Taiwan Semiconductor Manufacturing Co (TSMC), the sole chip supplier for Apple Inc's latest iPhone series, yesterday reported that revenue last month soared 60 percent sequentially to a new record high, backed by resilient demand for artificial intelligence (AI) applications and cryptocurrency graphics processing units (GPUs). That brought TSMC’s aggregate revenue in the first three months of this year to NTD 248.08 bn, hitting the chipmaker’s target range of USD 8.4 bn to USD 8.5 bn. For the full year, TSMC has said that it aims to grow revenue by between 10 and 15% in US dollar terms. (Taipei Times, 11.04.2018)

HTC set to increase wages by as much as 10% in April

HTC announced that it will be raising salaries for employees in April. After approval was granted for Google to purchase HTC in December, employees who have transferred to the search engine giant have seen their salaries rise by 30%, leaving those who have stayed behind at HTC envious. In order to boost morale among the remaining employees, HTC Chairwoman Cher Wang proclaimed that their salaries would not be less than than those of their Google colleagues. Starting this month, Apple Daily has cited sources as saying that HTC will increase the salaries for its Virtual Reality (VR) division employees by 10%, benefiting approximately 1,000 employees. However, HTC did not officially comment on the salary range. (Taiwan News, 07.04.2018)

Other News

Tight power supply situation in Taiwan for the month of April

According to the Taiwan Power Corporation (Taipower), an oranight alert over high power demand is to be expected for Taiwan throughout the month. Power demand in the month of April will be rising due to warmer temperatures. Other contributing factors include the malfunction of the second reactor of Taiwan's No. 2 nuclear power plant situated in New Taipei City and the yearly maintenance of the first reactor of Taiwan's No. 3 nuclear power plant located in Pingtung County. The first reactor of Taiwan's No. 3 nuclear power plant has been undergoing maintenance since April 3, and is expected to be operational from May 17. (Taiwan News, 07.04.2018)

MOI: Taiwan officially has over 14% people 65 years old

Taiwan’s MOI announced Tuesday that Taiwan has officially entered the stage of an “aged society” as Taiwanese people over 65 years old accounted for 14.05% of the country’s total population at the end of March, which means one out of every seven people in the country is a senior citizen. According to the WHO, the proportion of a society’s population that is comprised of persons aged 65 or older is called the “aging rate." If a society’s aging rate exceeds 7%, it is an “aging society.", 14%, it is an “aged society”;over 21%, it is a “super-aged society." (Taiwan News, 10.04.2018)

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Did you know?

There are 400,000 foreign employees in Taiwan.


There are 3,555,000 foreign employees in Germany.

Taiwan Economic Factsheet

GTO Event Calendar





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

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