In spite of the challenges caused by the Covid-19 pandemic, the Bureau of Foreign Trade (MOEA) and Taiwan External Trade Development Council (TAITRA) have decided to go ahead with organizing Taiwan Expo through a virtual platform this year. The third edition of the Expo, organised jointly by MOEA and TAITRA will take place virtually from December 16 to 18, 2020.
The Expo has attracted a large number of exhibitors representing various key industries such as automobile, ICT, medical, smart cities, healthcare, Taiwanese lifestyle, agriculture, green tech, and education and they will be showcasing their products through virtual booths.
A lot of Indian companies have been participating in Taiwan trade shows and other expos like Computex. This event will further offer impetus to the growing trade ties between the two countries.
Currently, bilateral trade between Taiwan and India exceeds US$ 7 billion. Taiwan is the 16th largest trading partner of India. As per Taiwan’s New Southbound Policy (NSP), there is a renewed interest in the Indian market.
For the newly launched Aatmanirbhar Bharat Abhiyaan, India also needs more partner countries to join for its ‘Make in India’ initiative to promote local manufacturing. India has to focus to sell its products not only in the domestic market but also in overseas markets. Moreover, in the background of Mainland China’s increased influence in South Asia through its Belt and Road Initiative and India’s huge trade deficit with the Mainland, a broader business and cultural partnership between India and Taiwan could prove to be a win-win for both the countries.
Taiwan Expo 2020 is a great opportunity to explore business cooperation with Taiwan entrepreneurs by scheduling one-on-one meetings with companies of choice.
Visitors can get more information about the expo by visiting: https://apps.yesnancy.com/taiwan-expo-2020-india.
One can also click on https://spark.adobe.com/page/VUSL92lTHy9N3/for registering for one-to-one business meetings.
The previous two editions of Taiwan Expo has attracted more than 280 exhibitors and almost 50,000 visitors, creating millions of dollars’ worth of business deals.
Founded in 1970 to help promote foreign trade, TAITRA is Taiwan’s foremost non-profit trade promoting organization. Sponsored by the government and industry organizations, TAITRA assists enterprises to expand their global reach. Headquartered in Taipei, TAITRA has a team of 1,300 specialists and operates 5 local offices in Taoyuan, Hsinchu, Taichung, Tainan, and Kaohsiung as well as 60 branches worldwide.
TAITRA boasts a well-coordinated trade promotion and information network of over 1,200 trained specialists stationed throughout its Taipei headquarters, four local branch offices in Hsinchu, Taichung, Tainan and Kaohsiung, and 60 overseas branch offices worldwide. Together with its sister organizations, Taiwan Trade Center (TTC) and Taipei World Trade Center (TWTC), TAITRA has formed a global network dedicated to promoting world trade and created a wealth of trade opportunities through effective promotional strategies.
At present TAITRA have four liaison offices in India. The detailed information is as follows:
- Taipei World Trade Center Liaison Office in Mumbai
- Taitra New Delhi Office
- Taipei World Trade Center, Chennai
- Taipei World Trade Center Liaison Office in Kolkata