global trade 結果共33筆

Explore the impact of geopolitical risks, trade frictions, and inflationary rate hikes on Taiwan’s machine tool exports in April, as reported by the TMBA, with a significant decline in export value compared to the previous year and the preceding month, highlighting the global economic challenges faced by the industry.

President Tsai Ing-wen commits to supporting Taiwan’s industry development, highlighting the country’s export success and plans for post-pandemic recovery. Tsai vows to deepen global economic ties, recognizing the National Importers & Exporters Chamber of Commerce’s role in driving economic growth amidst challenges. Taiwan aims to enhance international competitiveness through agreements with the U.S., U.K., Canada, and others, promoting a prosperous future for Taiwanese industries.

Taiwan’s fishing industry considers legal action against Greenpeace for a documentary allegedly tarnishing its reputation by confusingly linking Taiwanese vessels to labor abuses, despite the incident involving a Chinese ship. The industry urges the Ministry of Agriculture to clarify facts, amid concerns of damaging Taiwan’s image in international trade negotiations.

Taiwan is actively pursuing membership in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) to enhance supply chain resilience and global economic security, with efforts including hosting seminars in Canada and gaining support from Canadian officials amidst potential opposition from Beijing.

Chen Mu-min, the Deputy Representative to India, highlights the strengthening of Taiwan-India relations through increased cooperation in trade, investment, education, and technology. He emphasizes India’s growing political influence as beneficial for Taiwan’s international engagement and notes the expansion of Taiwan Education Centers in India, alongside a rise in Indian students and researchers visiting Taiwan. The reorganization of the global supply chain is seen as a driving force behind Taiwanese manufacturers moving to India, promising a boost in trade volume between the two nations.

Taiwan’s NDC reports economic stability with a green light status for February, driven by production and export improvements linked to AI themes. Officials anticipate continued growth in March, citing positive trends in manufacturing, consumer confidence, and foreign trade. Investment in emerging technologies and R&D, along with steady public investment, are expected to sustain momentum.

The United Nations International Maritime Organization (IMO) is contemplating a greenhouse gas emission tax on the maritime industry from 2027, potentially marking the first global sector to face a mandatory carbon fee. This tax aims to address the industry’s significant contribution to global emissions and could drive the adoption of eco-friendly practices among shipowners. The potential revenue of US$100 billion annually may also aid developing nations in combating climate change. Despite uncertainties surrounding the tax’s implementation and impact, IMO Secretary-General Arsenio Dominguez is resolute about establishing a pricing mechanism.

Learn about Taiwan’s bid to join the CPTPP and its potential impact on global trade and economic security. Taiwan’s efforts to strengthen supply chain cooperation with Canada and seek inclusion in the trade agreement are highlighted.

Taiwan’s currency faces depreciation as the Federal Reserve’s interest rate hikes continue. Experts weigh in on potential impacts on exports and inflation, with anticipation for future Fed decisions. Stay updated on Taiwan’s economic landscape.

President Tsai Ing-wen highlights the success of Taiwan’s investment incentives projects, which have attracted over NT$2.17 trillion in investments and created over 140,000 jobs. Speaking at a Lunar New Year event, Tsai emphasizes the importance of Taiwanese businesses in driving economic development and emphasizes Taiwan’s global reach and reliability as an international partner. She also discusses Taiwan’s efforts to improve infrastructure and expand external relations, including trade cooperation with the U.S. and U.K. Tsai calls for the preservation of the peaceful and stable status quo in the Taiwan Strait and expresses a commitment to upholding democracy and seeking cross-strait dialogues. The event was attended by government officials and over 300 Taiwanese businessmen living and working in China.

Taiwan’s export performance reached a historic high from 2021 to 2023, but experienced a 9.8% decline in 2023 compared to the previous year, according to the Ministry of Finance. Despite this setback, exports to the U.S. continued to soar with a 49.7% year-on-year increase, while exports to countries covered by Taiwan’s New Southbound Policy also saw significant growth. However, exports to mainland China decreased to 35.2%. Taiwan’s total export tally for 2023 amounted to US$432.48 billion, ranking behind only 2022 and 2021. The demand for communications and electronic products during the pandemic-induced work-from-home trend boosted Taiwan’s exports. The Taiwan Institute of Economic Research predicted significant international trade growth in 2024, which would benefit export-oriented economies like Taiwan. In December 2023, Taiwan’s exports to the U.S. reached $8.49 billion, and exports to southern countries surged by over 50%. However, due to the limited coverage of free trade agreements (FTAs), many traditional Taiwanese industries chose to restructure risks and production in Southeast and South Asia. The return of Taiwanese businesses and the expansion of local factories after the U.S.-China trade war, as well as global economic circumstances, significantly impacted the decline in 2023 exports. The Directorate General of Budget, Accounting and Statistics (DGBAS) estimated the first-quarter export volume for 2024 to be around US$106.1 billion, which is an improvement compared to the same period in 2023, but a 10% decrease from 2022.

President Tsai Ing-wen criticizes China’s one-sided trade barriers and emphasizes that bilateral trade relations should not be used as a political tool in her New Year’s address. The tariff preference for certain products under the Economic Cooperation Framework Agreement (ECFA) has been suspended as of Jan. 1, 2024. Tsai notes China’s intervention in elections and expresses confidence in the people of Taiwan to make wise decisions. She argues that Taiwan’s industries already have global exposure and are gradually reducing reliance on China. Tsai believes that while the economic benefits of the ECFA are limited, diversifying risks and global positioning are important for Taiwan’s industries. She highlights that China often imposes unilateral trade barriers on other countries for political reasons, citing examples of punitive tariffs and import bans on Lithuania and Australia due to their friendly relationship with Taiwan and criticism of China’s human rights policy in Xinjiang.

The Ministry of Foreign Affairs (MOFA) has stated that Beijing is working to isolate Taiwan globally in response to criticisms made by Kuomintang (KMT) presidential candidate Hou Yu-ih regarding Taiwan’s stagnant free trade agreements (FTA). During a presidential policy presentation, Hou criticized the Democratic Progressive Party (DPP) for its unsatisfactory economic performance and the lack of progress in bilateral and multilateral trade agreements. MOFA emphasized Taiwan’s commitment to global economic integration and bilateral economic cooperation, but highlighted the interference from China. MOFA believes that Taiwan’s ability to participate effectively in economic integration depends on its strength and global connections, especially as countries like the U.S. and European nations reassess their economic risks with China. MOFA urges all Taiwanese, regardless of political affiliation, to unite and enhance cooperation with like-minded nations in the face of external challenges.

Taiwanese shipping companies Evergreen Marine Corp. and Yang Ming Marine Transport Corp. have chosen not to resume their Red Sea route following Maersk’s decision to do so. Maersk reinstated the route due to the ＂Red Sea crisis＂ caused by increased violence from Yemen’s Houthi rebels. The deployment of the multinational naval task forces under the U.S.-led Operation Prosperity Guardian (OPG) has allowed maritime trade to pass through the Red Sea/Gulf of Aden and resume using the Suez Canal. However, Maersk warns that the overall risk in the region has not been eliminated. The decision has led to concerns about container prices and resulted in a decline in Evergreen and Yang Ming’s stock prices. Freight rates for European and American shipping liners saw a significant increase after Maersk’s announcement.

The Ministry of Labor reported a significant increase in the number of furloughed workers, with the manufacturing industry being the most affected. The labor ministry also predicted a high demand for labor in the accommodation and food services industry and the wholesale and retail trade sector. The global labor shortage crisis has led to businesses implementing solutions such as cross-training to boost productivity. The Regent Taipei successfully reduced its labor shortage rate through cross-training and creating a positive work environment. Fair wages and a positive work environment are believed to be key factors in employee retention.

DPP vice-presidential candidate Hsiao Bi-khim expressed confidence in Taiwan’s ability to gain international trust and recognition despite global pressures. She emphasized the importance of maintaining a diplomatic balance, using the analogy of a cat’s sense of balance. Hsiao also highlighted the need for a fair and balanced Taiwan-U.S. trade relationship. She believes that promoting mutual benefits between Taiwan and the U.S., including in areas of national security and economics, will safeguard Taiwan’s democratic freedoms. Hsiao acknowledged the differences between Taiwan and Israel but suggested that Taiwan could learn from Israel’s innovations in military training. She also emphasized the extension of compulsory military service in Taiwan to ensure peace and build strength.

The Taiwan Carbon Solution Exchange (TCX) has launched its first international carbon credit transactions, offering credits sourced from various regions in Asia, Africa, and South America. Notable companies such as TSMC, Foxconn, China Steel Corporation, and Taiwan Financial Holding have expressed interest in participating in the inaugural trade event. The initial batch of credits available on the Taiwan Carbon Exchange is estimated to range from 50,000 to 100,000 tons and has been certified by the Gold Standard. Once procured, these credits cannot be resold on the carbon exchange platform, and their use will be determined by each company’s individual needs. It is important to note that these credits have international ＂voluntary＂ carbon rights and do not fall under ＂mandatory＂ carbon pricing, meaning they cannot be used to offset Europe’s Carbon Border Adjustment Mechanism (CBAM).

The campaign office of Lai Ching-te, Democratic Progressive Party’s (DPP) presidential candidate, has released a new video titled ＂Taiwan in the world,＂ highlighting Taiwan’s reduced dependence on China and its increasing global recognition. Pan Men-an, head of the DPP’s campaign headquarters, expressed concern over opposition parties’ attempts to marginalize Taiwan and emphasized the significance of the 2024 election in determining Taiwan’s alignment with either the world or China. The video emphasizes Taiwan’s democratic development through international engagement and value-based diplomacy, while also strengthening ties with other nations. Lai’s campaign office spokesperson, Tai Wei-shan, pointed out that Taiwan’s trade dependence on China decreased from 40 percent during former President Ma Ying-jeou’s presidency to 34 percent. Additionally, a report by The Economist in August stated that under President Tsai Ing-wen’s seven-year rule, Taiwan has become the 21st largest economy globally, surpassing South Korea in terms of gross domestic product (GDP) per capita. Lai’s campaign office underscores the importance of the 2024 election in shaping Taiwan’s future trajectory and urges the public to make the right choice.

Chairman Mitsuo Ohashi of the Japan-Taiwan Exchange Association visited the Kaohsiung City government to discuss enhancing industry, education, and tourism cooperation exchanges with Mayor Chen Chi-Mai. Ohashi emphasized the significance of Kaohsiung in Japan’s relations with Taiwan. Mayor Chen expressed enthusiasm for deeper interactions between Taiwan and Japan, highlighting the crucial role of Taiwan’s semiconductor industry in global supply chain security. He cited the collaboration between Taiwan Semiconductor Manufacturing Co. (TSMC) in Kaohsiung and Kumamoto, Japan, as an example of potential economic cooperation. Chen described the Taiwan-Japan relationship as a deepening bond, referencing their long-standing friendship and mutual support during crises. Ohashi, who visited Kaohsiung 40 years ago and has maintained connections with past Mayor Chen Chu and Taiwan’s representative to Japan, Frank Hsieh, expressed admiration for Kaohsiung’s recent development. He believes that Japan-Kaohsiung cooperation should extend to the private enterprise level and is hopeful for the future of Japanese-Taiwanese relations. Ohashi frequently speaks at the annual National Day reception at the Taiwan Economic and Cultural Representative Office in Japan, advocating for promoting friendly Japan-Taiwan relations as an example for the international community.

President Tsai Ing-wen urges international support for Taiwan, citing its democratic values, importance in the global supply chain, and strategic geographical location. Reflecting on the Democratic Progressive Party’s success in Taoyuan City, Tsai highlights the party’s growing vote shares and her achievements in the area. As the electoral campaign continues, Tsai emphasizes the completion of the first phase of her political blueprint and the need for her party’s candidates to remain in power to implement future plans.

Taiwan’s Ministry of Foreign Affairs expresses gratitude to ministers from five diplomatic allies for advocating for Taiwan at COP28. Leaders from Paraguay, Palau, Saint Lucia, Saint Kitts and Nevis, Tuvalu, and Eswatini voiced support for Taiwan at the World Climate Summit, marking another step forward for Taiwan’s international backing. Haiti’s Minister of Environment acknowledged Taiwan’s dedication to addressing climate change, while the Marshall Islands’ Minister of Foreign Affairs and Trade affirmed Taiwan’s deserving of observer status in such forums. Guatemala’s Minister of Environment and Natural Resources showcased Taiwan’s contributions to climate change efforts, and Nauru’s Deputy Minister of Climate Change & National Resilience appreciated Taiwan’s support for the Just Transition fund in the Pacific. Taiwan emphasizes its eagerness to work with allies and urges the global community to support its meaningful participation in the UNFCCC.

The Democratic Progressive Party (DPP) responded to allegations from the Kuomintang (KMT) that DPP vice presidential candidate Hsiao Bi-khim was excessively pro-American. Chen Shi-kai, spokesperson for DPP presidential candidate Lai Ching-te’s campaign office, criticized the KMT for its lack of understanding of economic trade issues and Taiwan-U.S. relations. The KMT, led by legislator candidate Hsu Chiao-hsin, accused Hsiao of being subservient to the U.S. during her time in Washington, citing a classified communication log documenting a bilateral meeting discussing the Indo-Pacific Economic Framework for Prosperity proposed by U.S. President Joe Biden. Chen defended Hsiao by highlighting recent milestones in Taiwan-U.S. cooperation, such as the signing of the Taiwan-U.S. 21st Century Trade Initiative and efforts to resolve double taxation issues. Chen criticized the KMT candidate for illegally disclosing classified documents for political gain and called for an explanation of the motives and authenticity of the disclosure. This defense by the DPP spokesperson reflects the tensions leading up to Taiwan’s presidential elections, with U.S.-Taiwan relations remaining a significant political issue. The political drama highlights the intensity of Taiwan’s electioneering, where U.S. ties and Taiwan’s global economic positioning are crucial issues for voters. The impact of these debates on public opinion remains to be seen as Taiwan prepares for the polls.

The World Semiconductor Trade Statistics (WSTS) predicts a 13.1% surge in global semiconductor revenue for 2024, reaching US$588.364 billion. Memory products are expected to be the main driver, with a projected revenue jump of 44.8%. In contrast, current-year revenues are estimated to decline by 9.4% to approximately US$520.126 billion. WSTS has revised its current-year revenue predictions due to better-than-expected performances in certain end markets. Discrete semiconductors are projected to grow by 5.8% in 2023, while optoelectronic products, sensors, and integrated circuits are anticipated to experience declines of 3%, 10.9%, and 8.9% respectively. Europe is the only market expected to expand, with a growth rate of 5.9%, while the American market is predicted to decline by 6.1%, Japan by 2%, and the Asia-Pacific region by 14.4%. In 2024, growth is anticipated across all major markets and semiconductor product categories, including memory, discrete semiconductors, optoelectronics, and sensors. Europe is predicted to grow by 4.3%, Japan by 4.4%, the American market by 22.3%, and the Asia-Pacific region by 12%.

Explore how the shifting dynamics between China and the U.S. are influencing multinational supply chains, leading Taiwanese professionals to seek opportunities in Southeast Asia, particularly in Thailand. Discover Thailand’s strategic advantages in labor and electric vehicle initiatives and Taiwan’s collaborative efforts.

Hsiao Bi-khim, the Democratic Progressive Party’s vice-presidential candidate, expressed concern about the dark ＂vortex＂ of Taiwanese politics but remains focused on serving the nation without distraction. During a media session, Hsiao acknowledged her role in promoting the U.S.-Taiwan Initiative on 21st-Century Trade and negotiations for the ＂Avoidance of Double Taxation Agreement.＂ She highlighted bipartisan support in the U.S. Congress and efforts to propose legislative drafts. Hsiao also discussed tackling unanticipated issues such as supply chain resilience and securing vaccines during her time in the U.S. She emphasized the challenges stemming from Taiwan’s unique international status and the unfair treatment of Taiwanese in the global arena. Hsiao sees the resilience of the Taiwanese people as a strength, allowing them to pragmatically seek paths to their goals. She believes her life experiences have fortified her to face challenges with greater strength.