The event was hosted by ABSC’s President, Dr Frank Alafaci on Nov. 3, to promote this year’s issue of EKONOMOS, where 14 diplomatic or business leaders contributed articles to express their views, our DG Fan was one of them.
ABSC was established in 2018 with the goal of promoting business relations with Australia and abroad. Its yearly issued business magazine, EKONOMOS, covers a wide variety of topics spaning across regions and sectors.
In her speech for today’s event, Ms Fan depicted Taiwan’s excellent measures and results in COVID prevention, allowing it to avoid any lock downs, and being one of the only few major economies to maintain positive GDP growth this year. She cautioned the long lasting effect of shut downs and large scale disinvestments caused by the lock downs still remains uncertain, yet believes that strong trade will be a key to our road to recovery. Taiwan and Australia already share a strong and extensive trade relation, and with Taiwan ranking 10th in economic freedom, 12th in global competitiveness and 4th in innovative capabilities, there are definitely more opportunities for Australian businesses. Taiwan has also recently launched the Six Core Strategic Industries, developing Taiwan’s core competitiveness in ICT, biotech, national defense, green energy, cyber security and strategic stockpiles. Many of these areas are strong suits for Australia, providing further opportunities for business collaborations. Finally, Ms Fan is confident that Taiwan is now one of the safest places to travel, and encourages everyone to have a tour and see our beatific natural sceneries and taste our world class eateries once borders are reopened.