TAITRA: Taiwan's Foremost Trade Promoting Organization
About
Founded in 1970, TAITRA is Taiwan's foremost nonprofit 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. Together with Taipei World Trade Center (TWTC) and Taiwan Trade Center (TTC), TAITRA has formed a global network dedicated to promoting world trade.
Core Missions:
To assist Taiwanese businesses in developing international market; To collaborate closely with Taiwanese government in trade policy implementation; To provide business consultation service and connect international firms with Taiwanese partners; To assume the role of “Smart Integrator” - complement government policies, facilitate industry needs and develop new business opportunities around the world.
To further strengthen its global trade promotion network and to provide better services, TAITRA has set up 60 branches offices abroad. Together with the overseas offices of the MOEA, TAITRA has developed a comprehensive trade network serving as the eyes and ears of Taiwan companies keen to explore international markets.
The mission of TAITRA overseas offices is wide-ranging. Instrumental in carrying out numerous and various trade activities, example of their operations are:
Assisted TAITRA Head Office in carrying out trade missions and exhibitions; Initiated and facilitated procurement cases for international firms in Taiwan; Collected and reported business snippets to local traders; Recruited foreign members for the Taiwantrade.com.tw website; Invited buyers to visit Taipei international exhibitions.
Taiwan: the Hub of Global Green Value Chain
As a vibrant democracy, Taiwan is currently the most advanced computer chip maker in the world and a key player in the global supply chain.
This video will show you that, from high-tech manufacturing to daily-life innovative applications, how Taiwan’s companies are demonstrating a global green supply chain is possible, as well as why Taiwan can be the most ideal partner for circular economy businesses.
Tanya Steele, head of World Wide Fund for Nature said “We are the first generation to know we are destroying our planet and the last one that can do anything about it.” So, join Taiwan to turn waste into gold, and together, we can make a better world.
Taiwan’s Household Equipment, Hardware and Hand Tool Industry
Taiwan's hand tools are the world’s unsung champions! Every year, Taiwan’s tool industry earns US$4 billion from exports of OEM wrenches and pliers. Globally reputed as the “Kingdom of Hand Tools,” Taiwan is one of the world’s top three export countries in this sector, which is one of the island’s most prominent industries. Nearly 70% of enterprises in the hand tool industry are concentrated in the Taichung and Changhua areas.
According to Taiwan’s Department of Statistics, the number of plants and workers in the hand tool industry is steadily increasing year by year. There were 2,166 factories and about 48,000 workers. The majority of manufacturers are SMEs, and over 70% have fewer than 20 employees. With 70% of the factories centered in Taichung and Changhua, Taiwan’s hand tool industry has a complete upstream, midstream and downstream supply chain.
More than 50% of well-known international mid-range and high-end hand tool brands are purchased from Taiwan. At the foot of Mt. Dadu in Taichung City is Taiwan’s “Golden Valley” of precision machinery, with over 300,000 employees and an annual output value of NT$900 billion. It is the world’s number one precision machinery cluster in terms of density and per unit area output value, hosting six industries: machine tools and machinery parts, photovoltaic panels, bicycles and parts, woodworking machinery, hand tools, and aerospace.
Taiwan’s Strong ICT Industry Key to Success in the New 5G Era
The United States, European countries, Japan, and South Korea are all actively working to deploy 5G networks. The private research group Markets and Markets forecasts that the market scale will increase from US$700 million in 2020 to US$6.3 billion in 2025, with a compound annual growth rate (CAGR) of 55.4%. Taiwan’s long experience in ICT development and its excellent hardware manufacturing capabilities gives the island a powerful advantage in 5G and IoT development.
The Machine Tool Industry in Taiwan: Providing Global Equipment Users with the Best Solutions
Approximately 90% of Taiwan’s machine tool and component vendors can be found within a 60km radius in Greater Taichung. All aspects of the machine tool industry, from the manufacture of parts and components to the assembly of whole machine tools, takes place in close proximity here, making central Taiwan the world’s only industry cluster for machine tools and components. Because of the constant quality upgrades and price advantages this creates, Taiwanese components have become the DNA of machine tools in many countries around the world.
Upstream machine tool components include ball screws and linear slides. In particular, Taiwan has become the world’s second largest supplier of ball screws. Meanwhile, Hiwin Technologies Corp. and other companies adequately support Taiwan’s domestic market demand and mainly provide components such as spindles required in machine tool assembly.