The government will organize a trade promotion delegation to visit Africa in November in view of the increased opening of markets in that part of the world, a Ministry of Economic Affairs spokesman said yesterday.
The mission, to be organized by the Bureau of Foreign Trade, is slated to travel to Morocco, Egypt and Nigeria in late November, and Taiwanese companies in the fields of medical-care equipment, automobile parts and accessories, hardware, and textiles are particularly encouraged to take part in the mission, the ministry official said.
Morocco, which has posted an average annual economic growth rate of 5.5 percent in recent years, has a great demand for machinery equipment, the official said, forecasting that the country is expected to further open its market following the signing of a free trade agreement with the US last week.
Egypt, Taiwan's No. 2 trade partner in Africa, imported US$186 million worth of products last year, according to the official.
He predicted that the second half of this year will present a good opportunity for Taiwanese companies to explore business opportunities in Egypt because Iraq will be boosted with the US-led coalition forces' handing back of sovereignty to the Iraqi people at the end of this month.
Nigeria is a potential market for a wide range of Taiwanese industries because many sectors in that country are in their initial stages of further development, he said.
The Eurovision Song Contest has seen a surge in punter interest at the bookmakers, becoming a major betting event, experts said ahead of last night’s giant glamfest in Basel. “Eurovision has quietly become one of the biggest betting events of the year,” said Tomi Huttunen, senior manager of the Online Computer Finland (OCS) betting and casino platform. Betting sites have long been used to gauge which way voters might be leaning ahead of the world’s biggest televised live music event. However, bookmakers highlight a huge increase in engagement in recent years — and this year in particular. “We’ve already passed 2023’s total activity and
Nvidia Corp CEO Jensen Huang (黃仁勳) today announced that his company has selected "Beitou Shilin" in Taipei for its new Taiwan office, called Nvidia Constellation, putting an end to months of speculation. Industry sources have said that the tech giant has been eyeing the Beitou Shilin Science Park as the site of its new overseas headquarters, and speculated that the new headquarters would be built on two plots of land designated as "T17" and "T18," which span 3.89 hectares in the park. "I think it's time for us to reveal one of the largest products we've ever built," Huang said near the
China yesterday announced anti-dumping duties as high as 74.9 percent on imports of polyoxymethylene (POM) copolymers, a type of engineering plastic, from Taiwan, the US, the EU and Japan. The Chinese Ministry of Commerce’s findings conclude a probe launched in May last year, shortly after the US sharply increased tariffs on Chinese electric vehicles, computer chips and other imports. POM copolymers can partially replace metals such as copper and zinc, and have various applications, including in auto parts, electronics and medical equipment, the Chinese ministry has said. In January, it said initial investigations had determined that dumping was taking place, and implemented preliminary
Intel Corp yesterday reinforced its determination to strengthen its partnerships with Taiwan’s ecosystem partners including original-electronic-manufacturing (OEM) companies such as Hon Hai Precision Industry Co (鴻海精密) and chipmaker United Microelectronics Corp (UMC, 聯電). “Tonight marks a new beginning. We renew our new partnership with Taiwan ecosystem,” Intel new chief executive officer Tan Lip-bu (陳立武) said at a dinner with representatives from the company’s local partners, celebrating the 40th anniversary of the US chip giant’s presence in Taiwan. Tan took the reins at Intel six weeks ago aiming to reform the chipmaker and revive its past glory. This is the first time Tan
RSS