OVER 5,000 top Taiwanese products and services on the B2B platform are taking centrestage at the Taiwan Expo 2017 at Kuala Lumpur Convention Centre.
The exhibition, organised by Taiwan External Trade Development Council (Taitra), is an important milestone in the development of Taiwan’s bilateral trade relations with neighbouring countries.
It showcases the most groundbreaking innovations, products and services.
Themed “Best for My Life!”, the organisers believe that by sharing the best solutions, services and technology from Taiwan, Malaysia and Taiwan can work together to create the best of life aesthetics, the most thriving metropolis and an inclusive Muslim-friendly environment.
These are featured at 11 themed pavilions and eight major industries featuring 180 exhibitors.
There will also be a series of activities such as trade and business matching, industry forum and cultural performances.
The industry forum will touch on a range of issues including green living, creative e-commerce, health industry, halal industry promotion, intelligent transportation development and a beauty product launch. It will give participants an insight into the market development for the various industries and to potentially work towards collaborations.
Of interest is the developing potential of halal products and services which Taiwan is confident of strengthening through cooperation with Malaysia.
At the expo launch, the Prime Minister’s Special Envoy to East Asia, Datuk Seri Tiong King Sing from the Prime Minister’s Department, spoke on the growing interest among Malaysian businesses in Taiwan’s products and services.
Taitra chairman James C.F. Huang agreed, saying he was confident this growth would be more phenomenal as Taiwan gained more ground as a world leader in quality consumer products and services.
Taipei Economic and Cultural Office in Malaysia representative James Chang Chi-Ping said Taiwanese companies had made a cumulative investment of US$12.2bil (RM51.2bil), making Taiwan the fourth largest FDI country in Malaysia, after Japan, United States and Singapore.
Huang revealed that Taiwan’s investment in Malaysia would see a significant increase this year as Hotayi Electronics had reinvested RM1bil to expand its plant in Penang, which would create 1,000 jobs there.
He said Malaysia was the eighth largest trading partner of Taiwan.
“Bilateral trade increased 25% to US$12.8bil (RM53.66bil) from January to September this year, higher than the bilateral trade between Taiwan and Asean with an average growth rate of 17% compared with the same period in 2016,” he said.
He also highlighted that 60,000 Malaysians had graduated from Taiwan universities.
Malaysians accounted for approximately 16,000 of the total 29,634 students from the 10 Asean countries who pursued tertiary education in Taiwan in 2016, proving Taiwan was a favourable choice for Malaysian students.
“After returning home from Taiwan, many of these Malaysian graduates started business ventures in Malaysia and played an essential role in promoting bilateral trade partnership between the two countries,” noted Huang.
In terms of tourism, Malaysia also has the highest number of tourists visiting Taiwan among Asean members.
It is forecasted that the number of tourists from Malaysia visiting Taiwan will exceed 540,000 this year, as compared to 474,000 last year. This is based on the fact that during the first nine months of this year, Taiwan experienced a double-digit growth of Malaysian tourist arrivals to the country.
Taiwan Expo 2017 kicked off with an invigorating performance by the Taiwan Dance Company. The exhibition ends tomorrow.
For more information, go to http://mys.taiwanexpoasean.com
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