ITRI opens Southeast Asia workplace in Thailand – Focus Taiwan

Taipei, Feb. 29 (CNA) The federal government-sponsored Industrial Know-how Analysis Institute (ITRI) stated Thursday it has opened a Southeast Asian consultant workplace in Bangkok of Thailand.

The ITRI stated it has additionally signed an settlement with the Thai-Taiwan Enterprise Affiliation (TTBA), which was organized by Taiwanese buyers in Thailand, to supply vital help to Taiwanese buyers to increase their attain within the fast-growing Southeast Asian market.

Talking at a gap ceremony for the ITRI Southeast Asia Workplace on Thursday, the institute’s Edwin Liu (劉文雄) stated that rising numbers of Taiwanese have relocated their investments to the Southeast Asian market amid international provide chain restructuring and commerce tensions between China and the USA.

Liu added that bilateral commerce with the 18 nations coated by Taiwan’s New Southbound Coverage surpassed US$150 billion in 2023.

The New Southbound Coverage goals to reinforce commerce and exchanges between Taiwan and 18 nations in Southeast and South Asia, in addition to Australia and New Zealand, to scale back Taiwan’s dependence on China. It was launched after President Tsai Ing-wen (蔡英文) took workplace in 2016.

Via the newly established ITRI Southeast Asia Workplace, Liu stated that the institute is set to assist Taiwanese corporations improve applied sciences to scale back carbon emissions and promote sensible manufacturing for the next share of the Southeast Asian market.

Liu stated the workplace will introduce bioresources and combine the actual assets with ITRI’s round financial applied sciences in an try to cement sustainability in financial growth.

Liu added the workplace will apply digital coaching strategies to assist enterprises construct a expertise pool, specializing in a variety of objectives equivalent to web zero emissions, sensible manufacturing and sensible agricultural growth.

In accordance with Liu, the workplace is predicted to drive Taiwanese buyers within the Southeast Asian market to improve their applied sciences and turn into a strategic accomplice of Taiwanese corporations to penetrate the markets within the area.

Liu stated the workplace will assist ITRI forge ties with its counterparts within the area to construct an industrial ecosystem. This ecosystem will facilitate elevated cooperation between Taiwanese buyers and regional corporations, to spice up the financial power within the Southeast Asian market and strengthen Taiwan’s standing within the international provide chains.

Additionally talking within the workplace opening ceremony, Chang Chun-fu (張俊福), Taiwan’s consultant to Thailand, stated Taiwan served because the fifth largest international investor in Thailand in 2023, when investments rose 24.87 % from a yr earlier to 54.6 billion Thai baht (US$1.52 billion), citing the Board of Funding within the Southeast Asian nation.

Chang stated Thailand has turn into one of the necessary funding locations for Taiwan buyers.

In a latest interview with Thairath, Thailand’s main newspaper, Chang stated Taiwan was looking for to collaborate with the Southeast Asian nation in industries equivalent to clear vitality and electrical bikes.

Chang advised Thairath within the interview printed on Sunday that he anticipated extra collaboration between the nations, including that a lot of Thailand’s insurance policies are consistent with Taiwan’s.

In accordance with Chang, Taiwan and Thailand are at the moment working collectively in fields together with the electronics business and printed circuit boards (PCBs).