On the one hand, Taiwan is an important supplier of high-tech products such as semiconductors and various electronic equipment, on the other hand, the demand for high-quality technical equipment and innovative know-how, especially in areas such as renewable energy or transportation, is very high.
Taiwan's extensive ambitions for further modernization and partial restructuring of its economy are reflected, among other things, in the plan to increase the share of renewable energies in the island's total electricity generation to 20% by 2025.
To promote technological cooperation between Austrian and Taiwanese companies, the Austrian Commercial Office in Taipei organized the virtual trade mission "Innovation Hub Taiwan incl. Industry 4.0" on April 27-28. After an introductory panel on the economic and business conditions in Taiwan, participating Austrian and Taiwanese companies active in the renewable energy, energy efficiency and railway sectors, had the chance to connect and discuss business cooperation opportunities during virtual B2B sessions.
