President Tsai vows to fast-track Taiwan’s smart machinery industry

2022/02/23

President Tsai Ing-wen said Feb. 21 that the government is committed to advancing Taiwan’s smart machinery sector through expanded public-private cooperation.
 
Integrating information and communications technology, precision machinery and other strategic industries remains a cornerstone of the government’s approach to transforming Taiwan into a provider of smart manufacturing solutions, Tsai said.
 
The government is sparing no effort in strengthening Taiwan’s economic competitiveness, Tsai said. This is evidenced by the country’s bid to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, she added.
 
Tsai made the remarks at the opening ceremony of a machine tool trade show co-organized by Taipei City-based Taiwan External Trade Development Council and Taiwan Association of Machinery Industry, as well as Taiwan Machine Tool and Accessory Builders’ Association headquartered in the central city of Taichung.
 
According to Tsai, many CPTPP members rely on Taiwan-made machinery and machine tools. Entering the trade bloc will help the country overcome trade barriers, she added.
 
Other high-profile attendees at the event included Premier Su Tseng-chang, Minister of Economic Affairs Wang Mei-hua and American Institute in Taiwan Director Sandra Oudkirk.
 
The machinery industry is a key driving force for Taiwan's economic growth, Tsai said. The country’s machinery exports grew 27 percent to reach a record high of US$27.8 billion last year, she added.

Tsai also took the opportunity to thank industry leaders for their dedication to advancing machine-related sectors and demonstrating Taiwan’s manufacturing prowess to the world.


Source: Taiwan Today (https://taiwantoday.tw/index.php)