President Tsai Ing-wen said Nov. 30 that the government will continue upgrading Made in Taiwan brands as part of efforts to convert new business opportunities arising from restructured global supply chains in the post-pandemic era.
Related efforts are paying dividends, Tsai said. This is evidenced by Taiwan’s economic growth of 3.33 percent in the third quarter as per the latest figures released by the Directorate-General of Budget, Accounting and Statistics under the Executive Yuan, she added.
Such a strong performance ranks Taiwan top among the Asian Tigers, Tsai said, adding that this can be attributed to the government’s support of industry innovation and implementation of tailored economic relief measures.
Tsai made the remarks while attending the National Golden Award for Architecture and National Brand Yushan Award in Taipei City. The former recognizes innovative design concepts, outstanding construction quality and sustainable practices, while the latter honors top-flight brands, enterprises, products and leaders.
According to Tsai, the role of the NGAA in spotlighting good work is rising in importance as more projects aimed at upgrading public buildings, roads and old streets are carried out in line with the Forward-looking Infrastructure Development Program’s urban-rural development component. These will strengthen earthquake-susceptible structures, create a better living environment and spur the domestic construction sector, she said.
Equally bullish on the role of the NBYA in generating global business opportunities for Taiwan, Tsai said the increasing value of MIT brands, as well as the rollout of financial technology products and services, is expected to play a key role in maintaining development momentum.
Launched in 2017, the FIDP aims to meet Taiwan’s development needs for the next 30 years. It covers aquatic environments, child care facilities, digital infrastructure, food safety, green energy, human resources, railways and urban-rural renewal projects. The second stage of the eight-year initiative—focusing on next-generation, or 5G, infrastructure and digital transformation—was greenlighted by the Legislative Yuan in early July. (Taiwan Today)
