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Taiwan Business Alliance Forum Opens in Taipei

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TAIPEI, Taiwan (November 9) – Minister of Economic Affairs Ho Mei-yueh promoted Taiwan’s investment environment at the 2004 Taiwan Business Alliance Forum, which began at the Taipei World Trade Centre yesterday. Speaking at the opening ceremony, Ho noted that Taiwan is the 15th-largest economy in the world and it is estimated that its exports and […]

TAIPEI, Taiwan (November 9) – Minister of Economic Affairs Ho Mei-yueh promoted Taiwan’s investment environment at the 2004 Taiwan Business Alliance Forum, which began at the Taipei World Trade Centre yesterday. Speaking at the opening ceremony, Ho noted that Taiwan is the 15th-largest economy in the world and it is estimated that its exports and imports could reach US$ 300 billion this year. Taiwan also ranked fourth in a global competitiveness report by the World Economic Forum. Traditional industry has greatly added value through technological innovation, noting that Taiwan used to export bicycles at around US$ 50 each a decade ago, but the price has now risen for some models to US$ 1,000 each, showing that bicycles have become high-tech products, receiving large orders from big companies.
She said that Taiwan will now target information-intensive service industries, IT services, biotechnology and IC design as priorities for development. (MH)

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