Infobrief Taiwan, 08.05.2017


GTO Events

Doing Business in Germany – Customs and Import Regulations
May 12th, 2017
15:00-17:00
German Trade Office Taipei

Development of Taiwan Taoyuan Airport Terminal 3
May 23rd, 2017
IHK Frankfurt (Germany)

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)


GTO News

Event of Baden-Württemberg International addressing Taiwan’s Offshore Industry
Baden-Württemberg International, the representative organization of the regional businesses abroad, is holding an event to explore the upcoming opportunities in Taiwan’s offshore industry. Taiwan’s government has set the goal of installing 3 GW worth of offshore plants by 2025, there is significant investment potential for German businesses. The event will take place on May 22nd from 2-5pm in Stuttgart, Germany.
For more information, please contact Mrs. Beate Ando at (beate.ando@bw-i.de). 

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 which will explore the opportunities for investment and cooperation of German corporations in the offshore wind section. This business trip is targeting on German companies being involved in planning, constructing and servicing 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 Webinar – Law practice for economic activities in Taiwan
The GTAI is offering a webinar which seeks to address Taiwan’s unique business environment. A focus will be laid on contractual design, employee dispatch and investments in the country. Furthermore, market access and the legal framework will be addressed in order to provide a sound overview of the market characteristics in Taiwan.  The webinar will be conducted by Robert Herzner from the Department of Foreign Economic Law at GTAI and will take place on May 10th from 3-4 pm. For more information and registration from, please click here.

Job Offer: DEinternational General Manager 
Our service unit DEinternational Taiwan Ltd. Is looking for a new General Manager.  You may find the job description here.

Job Offer: German-speaking intern
We are looking for a German native-speaker to support our team. If you are available at least three days a week, please send your application to Linda Blechert at blechert.linda(at)taiwan.ahk.de.


Economic News

Taiwan’s average household net worth increases
With an increase of USD 10,300 from 2014 to TWD 11.2 m. (USD 373,000), the average net worth per household in Taiwan has seen its highest increase in the last five years in 2015. According to DGBAS, this increase was due to growing property value and financial assets. Meanwhile, gross national wealth rose by an annual 4.99% to USD 8.1 trillion in 2015. (Focus Taiwan, 27.04.2017)

Taiwan’s consumer confidence boosted by strong equity market
According to a survey released by National Central University, a booming stock market has boosted local consumer confidence, helping the consumer confidence index (CCI) for April to rise for the third consecutive month to 78.20 points. The survey assessed confidence in consumer prices, the job market, family finances, the overall economic climate, the stock market and possible purchases of durable goods over the next six months. Results show that respondents only appeared upbeat to the employment factor, while they were most pessimistic about consumer prices. (Focus Taiwan, 27.04.2017)

Taiwan’s economic growth hits 2,56% in Q1 2017
A government’s advance estimate indicates Taiwan’s annual economic growth rate for the first quarter of 2017 being at 2,56%. Based on the 2,45% growth forecast in February the economy has developed better than previously expected. (Focus Taiwan, 28.04.2017) 

Taiwan to legislate on corporate social responsibility
The government is proactively promoting a plan to revise the Company Act to create a legal basis for social responsibility among businesses. It is believed such a revision will create further businesses competition as companies gain the trust of consumers and attain sustainable operation. However, critics have warned that introducing CSR policies might have a negative impact on Taiwan’s already weak economy. (Focus Taiwan, 03.05.2017)


Companies and Industries

Export of memory chips increased by 40% in Q1
According to recent data by the Ministry of Economic Affairs (MOEA) the outbound sales of Taiwan-made memory chips has increased by 40% year-on-year in Q1. The total sales capacity sums up to USD 2.37bn, with exports to China and Hong Kong accounting for 76.6% of the total. A recovery of the global economy and the increasing areas of applying these memory chips have led to this positive development. Sales are expected to continue growing as fields like the Internet of Things (IoT) are continuously developing. (Focus Taiwan, 29.04.2017

Online travel platforms gain more relevance in Taiwan
According to a research report of Criteo, a global marketing company, the usage of online travel services has increasingly gained relevance among Taiwanese people, leading to a year-to-year growth of 19.5%. Taiwanese are enthusiastic travelers. In 2016, Taiwanese people took 15.9 million outbound trips and 50.1 million domestic trips, and expenditure on leisure and recreation is expected to grow 4.5% between 2017 and 2020. Online travel sales in Taiwan reached USD 7.20 bn. in 2016, while the growth of mobile travel sales has outpaced the growth of online travel sales. (Focus Taiwan, 02.05.2017

Number of cruise tourists to Taiwan doubles in first quarter
Recently released statistics by the Tourism Bureau show a significant increase in the total number of cruise ships passengers entering Taiwan’s ports in Q1 compared to the same time period last year. Although the number of ships from the Mainland has dropped by 90% because of cooled-down cross-strait relations, there was steady growth in arriving ships from neighboring countries of the region. This positive development led to the expected revenue of cruise tourism rising to USD 166.4 m. and hitting a total of 1 million cruise tourists for the first time ever in 2017. (Focus Taiwan, 03.05.2017)  

Ministry to invest USD 66.3 m. on robot industry
The Ministry of Science and Technology announced the investment of USD 66.3 m. in establishing a production base for robots in the Science Parks in Central and Southern Taiwan. This investment is part of the government’s “Forward-looking Infrastructure Development Program” with a budget of USD 29.3 bn. According to the MOST, the bid will help to strengthen Taiwan’s position in the robot market which is forecasted to grow by increase the number of fields for usage in the near future. (Taipei Times, 04.05.2017) 


Other News

Sleeping schedule labelled as key cause of obesity
Sleeping late may be a harmful habit and account for obesity in working people in many cases. Nearly 40% in Taiwan are overweight and having a habit of going to bed late may have negative impact on people’s health. Therefore, family medicine doctors recommend Taiwanese to not go to bed after 11 p.m., eat according to a set schedule and allow the digesting system at least four hours between dinner and bedtime. (Focus Taiwan, 01.05.2017) 

80% of Taiwanese using social media platforms
A survey by the Innovative DigiTech-Enabled Applications and Services Institute on social network use by Taiwanese people over 12 years old revealed that more than 80% of Taiwanese use social media networks. Facebook is ranked top with a share of more than 90% followed by Line and YouTube. In average Taiwanese have accounts on four social media channels. (Focus Taiwan, 01.05.2017)




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German Trade Office Taipei
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Tel.: +886-2-8758-5800, Fax: +886-2-8758-5833, info(at)taiwan.ahk.de

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

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 +886-2-8758-5800
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Did you know?


In average Taiwanese have accounts on four social media channels.

In average Germans have accounts on two social media channels.






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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