MOEA will push for more ex­ports to In­dia, In­done­sia

The China Post - - LOCAL -

In a bid to boost Tai­wan’s lack­lus­ter ex­ports to South­east Asia, the Min­istry of Eco­nomic Af­fairs (MOEA) is en­cour­ag­ing Tai­wanese com­pa­nies to in­vest more in In­dia and In­done­sia, where do­mes­tic de­mand is promis­ing.

Tai­wan’s ex­ports suf­fered an 11.9 per­cent year-on-year de­cline in July, drop­ping for the sixth con­sec­u­tive month, while ex­ports con­tracted 7.8 per­cent in the first seven months of the year.

In par­tic­u­lar, Tai­wan’s ex­ports to the coun­tries in the As­so­ci­a­tion of South­east Asian Na­tions ( ASEAN) dropped for the eighth con­sec­u­tive month in July, reg­is­ter­ing an 18.9 per­cent year-on-year de­crease.

With the rise of the “red sup­ply chain,” in which China is en­cour­ag­ing the use of lo­cally made com­po­nents, Tai­wanese sup­pli­ers have been see­ing de­creas­ing or­ders de­spite their in­vest­ments in China.

In light of those fac­tors, the MOEA said, it is hop­ing to cre­ate new ex­port mo­men­tum by en­cour­ag­ing in­vest­ments in other promis­ing mar­kets such as In­dia and In­done­sia.

The min­istry said it plans to pro­mote 10 “turn-key” Tai­wan projects for ex­port, namely the elec­tronic toll col­lec­tion (ETC) sys­tem, light- emit­ting diodes, smart schools, elec­tronic gov­ern­ment, so­lar power plants, petro­chem­i­cal fac­to­ries, the public bi­cy­cle rental sys­tem, lo­gis­tics, med­i­cal man­age­ment sys­tems, and cloud com­put­ing sys­tems.

The ETC pro­ject, for ex­am­ple, has the po­ten­tial to help cre­ate more than 20 part­ner­ships in the ASEAN re­gion and in Euro­pean coun­tries such as Rus­sia and Italy, the min­istry said.

The MOEA said it also plans to build in­dus­trial parks in In­dia and In­done­sia to at­tract Tai­wanese in­vestors, who can de­velop their own brands there through part­ner­ships with do­mes­tic dis­trib­u­tors and ser­vices providers and thus help boost the mar­ket share of Tai­wan-made prod­ucts in the ASEAN re­gion.

CNA

The ren­o­vated Ping­tung Sta­tion starts oper­a­tions on Sun­day. The rail­way elec­tri­fi­ca­tion sys­tem pro­ject, which con­nects Ping­tung Sta­tion and Chaozhou Sta­tion, was com­pleted yesterday. The line stretches a to­tal of 19 kilo­me­ters, and the num­ber of trains trav­el­ing be­tween Kaoh­si­ung and Ping­tung was in­creased from 66 to 118. With a 10-minute in­ter­val be­tween each train, the com­mut­ing time be­tween Ping­tung and Kaoh­si­ung will be sub­stan­tially re­duced.

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