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  • Taiwan pledges US$2M to Pacific fisheries foundation

    Taiwan’s Ministry of Foreign Affairs (MOFA) has pledged an additional $2 million over the next five years to support the Western & Central Pacific Fisheries Commission (WCPFC). The donation aims to enhance the fisheries capabilities of Small Island Developing States (SIDS), including Taiwan’s Pacific allies. MOFA has already contributed $2 million since 2017 to establish a foundation that promotes sustainable fishery practices and economic development in these communities. The Western & Central Pacific Fisheries Commission is currently holding its annual session in the Cook Islands.
    2023/12/07 16:33
  • 204 workers accept severance from Launch Tech after layoff

    Launch Technologies Co., a golf manufacturer in Pingtung, Taiwan, has reached a severance agreement with 204 of its local workers following a layoff plan submitted last month. The company, which suffered a significant explosion at its factory in September, has also helped some employees find new jobs and provided them with generous severance pay. The Ministry of Economic Affairs has pledged to closely monitor the labor rights of the affected workers. The factory buildings remain closed and operations will only resume after third-party verification of their structural safety. Launch Technologies has established an internal legal team to compensate the impacted employees and has committed to continuing salary payments through the end of the year.
    2023/12/07 14:30
  • Taiwan eyes lead in global ICT, semiconductor markets

    Taiwan aims to leverage its information and communication technology (ICT) and semiconductor industries to gain a competitive advantage in international markets. The Ministry of Economic Affairs Minister, Wang Mei-hua, witnessed the signing of a memorandum of understanding between the Taiwan Association of Information and Communication Standards (TAICS) and the 5G Alliance for Connected Industries and Automation (5G-ACIA), signaling a new era of cooperation. With the global smart manufacturing market projected to reach US$140 billion by 2030, Wang believes Taiwan is well-positioned to integrate 5G into smart factories due to its existing experience and infrastructure. Taiwan aims to align its 5G application standards with global benchmarks and contribute its knowledge to international organizations. The Ministry of Economic Affairs is supporting the Industrial Technology Research Institute (ITRI) in developing new technologies and collaborating with Taiwanese companies to establish a voice within the global 5G community through 5G-ACIA. This strategic partnership is expected to position Taiwan as a leader in next-generation industrial technology and solidify its role in the information and communication technology sector on the global stage.
    2023/12/06 20:44
  • MOEA refutes Ko’s corruption allegations amid pandemic

    The Ministry of Economic Affairs (MOEA) demanded an apology from Taiwan People’s Party (TPP) chairman Ko Wen-je for his corruption allegations against the government in producing face masks. The MOEA refuted Ko’s claims, stating the lack of evidence and emphasizing the need for public servants to ensure mask supply during the pandemic. Ko made the accusations during a campaign event, implicating the ruling Democratic Progressive Party (DPP) in corruption cases involving masks, the Medigen COVID-19 vaccine, and egg imports. The MOEA referred to a previous incident where former Minister of the Interior Lee Hong-yuan apologized for baseless accusations and urged Ko to do the same.
    2023/11/22 20:35
  • NDC notes Taiwan’s breakthroughs in green energy transition

    The Taiwanese government is taking preemptive measures to achieve its goal of net-zero emissions by 2050. Premier Chen Chien-jen highlights the importance of a talented workforce and enhanced research in guiding industries towards a green energy transition. The government is also focused on strengthening strategies and providing better services for domestic industries. The National Development Council is actively removing obstacles to land acquisition for overseas businesses returning to Taiwan. The Ministry of Economic Affairs has proposed a plan to increase water supply capacity and promote the use of reclaimed and desalinated water. Additionally, the MOEA is investing in renewable energy infrastructure, particularly in solar and offshore wind power, with the aim of establishing high-performance offshore wind ports.
    2023/11/16 21:21
  • 6 Taiwanese scammers allegedly sent to China from Myanmar

    The Ministry of Foreign Affairs (MOFA) is currently verifying reports that Myanmar has handed over six Taiwanese telecom fraudsters to China. The MOFA is working with the Ministry of Justice, National Police Agency, and National Immigration Agency to bring these stranded citizens back to Taiwan. Myanmar’s Wa State, known for its independent judicial system and close ties with China, is where the transfer took place. The Taipei Economic and Cultural Office in Myanmar is actively assisting Taiwanese citizens in their return. This is the first public announcement by Myanmar of transferring Taiwanese individuals involved in telecom fraud.
    2023/11/16 17:13
  • MOEA ensures sufficient land for semiconductor industry

    The Ministry of Economic Affairs (MOEA) reassures that Taiwan has sufficient land for the semiconductor industry, despite concerns over shortages in land, water, energy, labor, and talent. Media reports claimed that Taiwan Semiconductor Manufacturing Co., Ltd. (TSMC) had abandoned its Longtan plant, highlighting potential issues in the semiconductor industry. However, the MOEA states that it is actively working on land allocation and expansion plans in science parks and industrial parks. The government aims to meet all land requirements for industry expansion and new factories, while providing full services to manufacturing businesses. The MOEA is fully committed to assisting semiconductor companies in developing in Taiwan, with the goal of maintaining Taiwan’s dominant role in global semiconductor manufacturing.
    2023/11/09 15:05
  • Economics Minister disputes power shortage claims

    Taipei’s Economics Minister, Wang Mei-hua, announced that power shortages have significantly decreased in recent years, with no shortages reported in 2023. Wang dismissed former President Ma Ying-jeou’s claims of power shortages under the Democratic Progressive Party’s governance as inconsistent with the facts. Since President Tsai Ing-wen took office, improvements have been made to the power scheduling mechanism, enhancing power supply stability. In response to power cuts in May 2021, the Ministry of Economic Affairs (MOEA) plans to invest over NT$500 billion in improvements over the next decade. The MOEA aims to add 9.1 million kilowatts to the power supply by 2030, excluding renewable energy, to meet the projected increase in power demand of 7 million kilowatts over the next seven years.
    2023/11/07 17:57
  • Ice cream industry hits production value of NT$2.8B in 2022

    Taiwan’s ice cream industry has reached a record-high production value of NT$2.8 billion in 2022, with an average year-on-year growth of 8.3% over the past five years, according to the Ministry of Economic Affairs (MOEA). This growth is attributed to Westernized eating habits, health-conscious consumption, and the introduction of new flavors that cater to Taiwan’s hot climate. The rise of the ice cream sector has also contributed to the steady growth of Taiwanese dairy consumption, which reached a peak production value of over NT$40 billion in both 2021 and 2022. Despite this growth, Taiwan primarily relies on dairy imports, with an annual increase of 11.1%. New Zealand is the main import source, followed by the U.S., France, and Australia, accounting for 12.6%, 8.7%, and 7% respectively. These imports mainly consist of cheese, dry cheese, and dairy-based spreads.
    2023/11/07 13:11
  • MOEA head promises negotiation on tax cut for young workers

    Taiwan’s Minister of Economic Affairs, Wang Mei-hua, has promised to address a tax cut for young workers in continued negotiation with the Ministry of Finance. Kuomintang (KMT) Legislator Yang Chiung-ying has highlighted concerns over low salaries in Taiwan, noting that the median wage is NT$42,000, the lowest among the Four Asian Tigers. To address this issue, Yang has suggested increasing the age for tax incentives for small and medium-sized enterprises (SMEs) hiring young employees from under 24 to under 30. This policy change, according to the legislator, could significantly help young people struggling with low wages. In response, Wang stated that the government would discuss the proposal with the Ministry of Finance and emphasized their efforts to reduce taxes to tackle the issue of low wages for young workers.
    2023/11/06 20:34
  • Taiwan in talks with Estonia to establish Rep. office

    Taiwan’s Ministry of Foreign Affairs (MOFA) has confirmed ongoing discussions for the establishment of a representative office in Estonia. While the move is significant for strengthening ties between the two nations, a shared consensus has not yet been reached. MOFA expressed gratitude towards the Estonian Government for engaging in continued negotiations and displaying an open approach. They emphasized the shared values of freedom and democracy that unite Taiwan and Estonia. Estonia’s government has reportedly agreed to allow Taiwan to establish an economic or cultural representative office in Tallinn under the name ’Taipei.’ MOFA stated that they will respond to foreign media reports of Taiwan’s Foreign Minister visiting Estonia at an appropriate time. The ministry highlighted the stable development of the bilateral relationship, citing the Estonian health minister’s support for Taiwan at this year’s World Health Assembly. Estonia is seen as a valued partner with common principles, highlighting the potential for deepening ties in future diplomatic endeavors.
    2023/11/04 12:33
  • MOEA refutes Ko’s criticism of government’s energy policy

    Taiwan’s Ministry of Economic Affairs (MOEA) refutes Taiwan People’s Party (TPP) presidential candidate Ko Wen-je’s critique of the government’s photovoltaic policy. Ko had visited Tainan earlier in the day, criticizing the Democratic Progressive Party (DPP) for prioritizing anti-nuclear sentiments over responsible photovoltaic energy development.
    2023/10/29 13:21
  • German Institute Taipei optimistic about TSMC fab investment

    Taiwan Semiconductor Manufacturing Company (TSMC) has received approval from the Ministry of Economic Affairs to establish a fabrication facility in Germany. At the CDKWV 90th Anniversary International Conference, optimism abounded as experts discussed the potential of this 3.5 billion-euro investment. Dr. Jörg Polster, Director General of the German Institute Taipei, highlighted the compatibility of cultures, while Stan Shih, Acer’s co-founder, raised concerns about cultural differences. The partnership is expected to deepen as German investments in Taiwan reach record levels.
    2023/10/28 16:49
  • TSMC ready to establish factory in Germany: NDC head

    Taiwan’s National Development Council Minister Kung Ming-Hsin highlights TSMC’s readiness to establish a factory in Germany after the recent approval of its plans by the Investment Commission of the Ministry of Economic Affairs.
    2023/10/27 16:00
  • Retail and catering revenues reach all-time high: MOEA

    The Department of Statistics of the Ministry of Economic Affairs announced that retail and catering revenues from January to September have reached a record high. The retail and catering industries are currently experiencing their annual sales peak, with demand for clothing, skincare products, and travel expected to stimulate consumption during the autumn and winter transition.
    2023/10/27 15:57
  • Vice Premier announces audit of high-tech firms’ land use

    Vice Premier Cheng Wen-tsan announces audit of land use for high-tech firms in Taiwan. Government is committed to providing options for all high-tech companies, including TSMC.
    2023/10/25 16:25
  • Taiwan’s industrial production drops 6.72% YOY in September

    Taiwan’s Ministry of Economic Affairs reported that the Industrial Production Index for September 2023 decreased by 6.72% compared to the same month in the previous year. The manufacturing industry experienced a decline rate of 7.01%, marking 16 consecutive months of negative growth.
    2023/10/24 11:53
  • MOFA arranges repatriation flight from Tel Aviv to Rome

    The Ministry of Foreign Affairs (MOFA) has arranged a repatriation flight for Taiwanese nationals and compatriots in Israel to leave the country. The flight is scheduled to depart from Tel Aviv Airport and arrive at Rome International Airport in Italy. Remaining seats will be offered to embassy personnel and overseas Chinese from friendly countries. MOFA and the Taipei Economic and Cultural Office have been assisting Taiwanese nationals in leaving Israel since a terror attack by Hamas on October 7. So far, 157 Taiwanese nationals have been successfully evacuated.
    2023/10/19 16:49
  • MOFA assists departure of 156 nationals from Israel

    Taiwan’s Foreign Minister Joseph Wu announced the departure of 156 Taiwanese nationals from Israel while 147 chose to stay amid rising tensions. The Ministry of Foreign Affairs has also escalated its travel advisory for Israel to "orange" following a recent attack by Hamas.
    2023/10/17 17:24
  • MOFA clarifies assistance efforts amid Israel-Hamas war

    The Ministry of Foreign Affairs in Taiwan responds to allegations by a stranded Taiwanese traveler in Israel, expressing regret and countering the claims. The traveler accused the Ministry of providing insufficient assistance during violent clashes in Palestine. The Ministry clarifies that the traveler received no aid from his airline and sought help from the Taipei Economic and Cultural Office in Tel Aviv, but found their advice unsympathetic. The Ministry expresses regret and disappointment towards the unverified statements, emphasizing their attempts to assist the traveler and the necessity of online booking for confidential information. They also highlight their commitment to helping travelers return home amidst the conflict and express regret over baseless allegations impacting their personnel’s morale.
    2023/10/11 11:11
  • Taipower to expect over NT$460B cumulative loss by 2023

    Taiwan’s state-owned Taipower has reported a loss of NT$130 billion for the first half of 2023, despite the recent government decision to raise electricity prices for industrial users. The cumulative losses over two years are projected to exceed NT$460 billion by the end of the year.
    2023/10/04 20:19
  • 2023 Taiwan Design Expo set for debut in New Taipei City

    The 2023 Taiwan Design Expo, co-hosted by New Taipei City and the Ministry of Economic Affairs’ Industrial Development Bureau, will be held for the first time in the city.
    2023/09/06 15:16
  • Vice Premier assures sufficient energy in Taiwan

    Vice Premier Cheng Wen-tsan assured Taiwan on Wednesday (July 5) that it would have sufficient electricity and urged the continuation of green energy development.
    2023/07/05 16:32
  • Taiwan could face power outages within 2 weeks of war

    The Ministry of Economic Affairs (MOEA) has recently stated that Taiwan’s natural gas reserve could only last for 11 days in the event of an attack that cuts off the island’s airways and ships, resulting in potential nationwide power outages.
    2023/04/12 16:44
  • Exclusive: Hydrogen-filled balloons sold at Taichung Park

    A TVBS reporter has uncovered a concerning issue at Taichung Civic Square, where numerous balloon vendors are illegally selling hydrogen-filled balloons. This dangerous practice is putting thousands of visitors to the park at risk of explosions.
    2023/03/21 18:00
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