Artificial intelligence (AI) medical products could become one of Taiwan’s main exports to Southeast Asia, Deputy Minister of Economic Affairs Chen Chern-chyi (陳正祺) said on Thursday.
ASEAN is the best gateway for Taiwanese firms to expand overseas, as they have already made investments in industries in the region, Chen told a forum in Taipei.
While China still produces one-third of the world’s manufactured goods, it has lost its shine due to trade disputes with the US, resulting in major changes to supply chains, he said.
Photo: CNA
The government has been helping Taiwanese businesses diversify their investments and markets by pushing the New Southbound Policy, he said.
The policy aims to enhance trade and exchanges between Taiwan and 18 countries in Southeast and South Asia, as well as Australia and New Zealand, to reduce Taiwan’s dependence on China. It was introduced after former president Tsai Ing-wen (蔡英文) took office in 2016.
Global investment in ASEAN grew 11.5 percent from 2016 to 2022, and the region’s share of global trade increased in the same period to 7.7 percent from 6.9 percent, showing its growing importance to the global economy, Chen said, citing UN data.
As part of the new administration’s plans to help businesses expand overseas, the government is expected to support Taiwanese businesses that invest in Southeast Asia, he said.
Taiwanese enterprises have a wide range of investments in the region, from investments in industries such as textiles, information and communications technology, semiconductors, electric motorcycles, smart cities, biomedicine and healthcare, Chen said.
The vision is to integrate Taiwan’s medical expertise with AI technologies and work with ASEAN in digital healthcare while exploring the region as a potential market for Taiwan’s medical and health products and services, he added.
Taiwan yesterday expelled four China Coast Guard vessels that entered Taiwan-controlled restricted waters off Lienchiang County (Matsu) shortly after the Chinese People’s Liberation Army announced the start of its “Joint Sword-2024B” drills around Taiwan. The Coast Guard Administration (CGA) said in a statement that it had detected two China Coast Guard ships west of Nangan Island (南竿) and another two north of Dongyin Island (東引) at 8am yesterday. After Chinese ships sailed into restricted waters off Matsu shortly afterward, the CGA’s Kinmen-Matsu-Penghu Branch deployed four patrol vessels to shadow and approach the vessels, it said. The incidents pushed up to 44 the number
Renovations on the B3 concourse of Taipei Main Station are to begin on Nov. 1, with travelers advised to use entrances near the Taiwan Railway or high-speed rail platforms or information counter to access the MRT’s Red Line. Construction is to be completed before the end of next year, Taipei Rapid Transit Corp said last week. To reduce the impact on travelers, the NT$95 million (US$2.95 million) project is to be completed in four stages, it said. In the first stage, the hall leading to the Blue Line near the art exhibition area is to be closed from Nov. 1 to the end
The government has issued a deportation order for a Spanish fugitive, ordering him to leave the country within 10 days, as he is wanted by European authorities for allegedly operating a car rental scam. National Immigration Agency (NIA) officials yesterday said Salvador Alejandro Llinas Onate, 48, had been notified that he must leave Taiwan, as he was wanted for committing serious crimes. The Spaniard has been indicted by Italian prosecutors for allegedly leading a 30 million euros (US$32.74 million) car rental scam and setting up a fraudulent company in Trento, Italy. The deportation order is based on Article 18 of
Taipei’s Ximending (西門町) shopping area welcomed the most international visitors, followed by Taipei 101, Songshan Cultural and Creative Park and Yangmingshan National Park (陽明山國家公園), a list of the city’s most popular tourist attractions published by the Taipei Department of Information and Tourism showed. As of August, 69.22 million people had visited Taipei’s main tourism spots, a 76 percent increase from 39.33 million in the same period last year, department data showed. Ximending had 20.21 million visitors, followed by Taipei 101 at 8.09 million, Songshan Cultural and Creative Park at 6.28 million, Yangmingshan at 4.51 million and the Red House Theater (西門紅樓) in