This year’s Taiwan Business Alliance Conference provided the government with a chance to source foreign investment in four key industries: green energy, healthcare, automotive electronics and tourism.
“The matter of the cross-strait economic cooperation framework agreement [ECFA] has pulled in more interest from foreign investors to the conference this year,” Vice Minister of Economic Affairs Lin Sheng-chung (林聖忠) told reporters yesterday on the sidelines of the event.
“We hope more investment will come into Taiwan given the possible collaboration across the [Taiwan] Strait,” he said.
This year’s event brought together about 700 decision makers, industry professionals and venture capitalists to explore business opportunities in Taiwan.
Now in its sixth year, the conference was organized by the Ministry of Economic Affairs and the Taiwan External Trade Development Council.
The ministry highlighted the four rising industries in which Taiwan enjoys good global competitiveness. The nation’s edge in the technology industry, for instance, would make Taiwan the perfect investment partner for green energy and automotive electronics businesses, the ministry said.
“Taiwan has strong communication and navigation capabilities,” Industrial Development Bureau (IDB) Director-General Woody Duh (杜紫軍) said, adding that domestic companies have great potential for development in the auto electronics sector.
Bureau of Energy Deputy Director-General Wang Yunn-ming (王運銘) also said Taiwanese firms should seize the opportunity to develop the green energy industry, with countries paying more attention to climate change and energy saving measures.
With increasing numbers of Chinese tourists coming to Taiwan, the government hopes to attract investment to build more hotels and convention centers across the nation.
Meanwhile, Taiwan’s relatively low medical costs could help position it as a regional healthcare center.
At last year’s conference, the ministry signed 15 letters of intent with multinational companies such as 3M Co, Alibaba.com Ltd (阿里巴巴), Audi AG, Bayer AG, Corning Inc, DHL Worldwide Express and Siemens AG, with initial investment figures totaling US$200 million.
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