The China External Trade Development Council (CETRA, 外貿協會), the nation's foreign trade promotion body, has officially changed its title to the Taiwan External Trade Development Council (TAITRA).
The purpose of the name change is to end confusion when promoting business overseas, council chairman Hsu Chih-jen (
"In many international events such as exhibitions, foreign organizers always mistakenly categorize us as Chinese exhibitors, which causes trouble for us and Taiwanese businessmen," Hsu said.
"The modification is just for business convenience and has nothing to do with politics as many would speculate," he said. "Many Taiwanese businessmen were delighted over the change in our title."
The council made the decision to change its name during a board meeting last month. Apart from the announcement of its new title, the organization said it will have new strategies for trade-promotion missions this year and will focus on promoting domestic traditional industries to newly developing countries.
"Taiwan's import and export industries are in good shape in terms of doing business with foreign partners, but the nation's traditional industries have been suffering losses due to Taiwan's accession to the WTO," Hsu said.
To promote traditional industries, the council plans to hold 19 food and agricultural product fairs this year in countries such as Japan, South Korea, Canada, Hong Kong and France.
"We are not going to compete on price with China or other developing countries, but we will focus on quality," Hsu said.
He said Chinese authorities have so far not allowed the establishment of a council representative office across the Strait. The group has been asking to set up an office in China to help the more than 200,000 Taiwanese businesspeople there.
The council has only one correspondent in Beijing and one in Shanghai to collect information for Taiwanese businesspeople based in China.
The council also aims to spur the domestic tourism industry. The council plans to target over 60,000 foreign business visitors as potential tourists by offering incentives such as discounts on flight tickets or accommodation.
Hsu called for the implementation of supporting measures such as an improvement in the nation's transportation network and related facilities in order to appeal to foreign tourists. He said this must be done "or they will never visit Taiwan again."
According to the Ministry of Transportation and Communications, there were 2.72 million foreign visitors to Taiwan last year. The government hopes to double the number this year.
To promote domestic brands and encourage innovation, the council has expanded its design promotion center, which will organize workshops as well as international design and brand-name fairs this year, he said.
With this year’s Semicon Taiwan trade show set to kick off on Wednesday, market attention has turned to the mass production of advanced packaging technologies and capacity expansion in Taiwan and the US. With traditional scaling reaching physical limits, heterogeneous integration and packaging technologies have emerged as key solutions. Surging demand for artificial intelligence (AI), high-performance computing (HPC) and high-bandwidth memory (HBM) chips has put technologies such as chip-on-wafer-on-substrate (CoWoS), integrated fan-out (InFO), system on integrated chips (SoIC), 3D IC and fan-out panel-level packaging (FOPLP) at the center of semiconductor innovation, making them a major focus at this year’s trade show, according
DEBUT: The trade show is to feature 17 national pavilions, a new high for the event, including from Canada, Costa Rica, Lithuania, Sweden and Vietnam for the first time The Semicon Taiwan trade show, which opens on Wednesday, is expected to see a new high in the number of exhibitors and visitors from around the world, said its organizer, SEMI, which has described the annual event as the “Olympics of the semiconductor industry.” SEMI, which represents companies in the electronics manufacturing and design supply chain, and touts the annual exhibition as the most influential semiconductor trade show in the world, said more than 1,200 enterprises from 56 countries are to showcase their innovations across more than 4,100 booths, and that the event could attract 100,000 visitors. This year’s event features 17
Germany is to establish its first-ever national pavilion at Semicon Taiwan, which starts tomorrow in Taipei, as the country looks to raise its profile and deepen semiconductor ties with Taiwan as global chip demand accelerates. Martin Mayer, a semiconductor investment expert at Germany Trade & Invest (GTAI), Germany’s international economic promotion agency, said before leaving for Taiwan that the nation is a crucial partner in developing Germany’s semiconductor ecosystem. Germany’s debut at the international semiconductor exhibition in Taipei aims to “show presence” and signal its commitment to semiconductors, while building trust with Taiwanese companies, government and industry associations, he said. “The best outcome
Semiconductor equipment billings in Taiwan are expected to double this year, as manufacturers in the industry are keen to expand production to meet strong global demand for artificial intelligence applications, according to SEMI, which represents companies in the electronics manufacturing and design supply chain. Speaking at a news conference before the opening of Semicon Taiwan trade show tomorrow, SEMI director of industry research and statistics Clark Tseng (曾瑞榆) said semiconductor equipment billings in Taiwan are expected to grow by an annual 100 percent this year, beating an earlier estimate of 70 percent growth. He said that Taiwan received a boost from a
RSS