Source: Taiwantrade | Updated: 20 May 2011
Pen-Tsao Chang, chairman of the Taiwan Coalition of Service Industries, points out that services made up 70% of Taiwan’s gross domestic product (GDP) in 2009, and accounted for 58% of the country’s employment. Services grew to provide almost 59% of jobs in Taiwan in 2010, pointing up the increasing importance of these industries. CEPD Deputy Minister San Gee notes that while Taiwan has performed exceptionally well in commodity exports, the country has always been a step short in the development of overseas markets for service industries. The global economy is currently undergoing a gradual transition toward services; but Taiwan’s exports of services in 2009 amounted to just more than NT$30 billion, only 0.9% of total exports. This shows that Taiwan has a huge space for the growth of its trade in services, and the government should help companies in the field to develop the international market.
In its first year, the Taiwan Services Trade Information Platform is targeting medical travel, tourism, cultural and creative industries, cuisine, logistics, distribution (chain alliances), and WiMAX (wireless broadband), and will help companies in those fields to penetrate overseas markets. The number of target industries will be expanded in the future.
The CEPD reports that the Taiwan Services Trade Information Platform is available in traditional Chinese characters, simplified Chinese characters, and English, and is currently maintained by the Taiwan External Trade Development Council (TAITRA). TAITRA has 58 overseas offices, situated all over the world, that can provide the latest information at all times, including global market information, market opportunities in different countries, information on exhibitions and other activities at home and abroad, news on global trends in the development of trade in services, and researches and analyses. TAITRA can also provide information on government deregulation and programs such as consultancy, funding, and grants, to help service providers in Taiwan and overseas take advantage of the opportunities that are presented.
In addition to information on trade in services, the new website also includes a mechanism for exchange on business opportunities and help with matchmaking between companies. In the future the website will expand the scope of its services by providing links to Taiwan’s ministries, commissions, and other related organizations.