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Taiwan industrial mission inks 4 cooperation pacts in US

August 29, 2016
IDB Director-General Wu Ming-ji (left) and Christopher Chung (third left), director of the Economic Development Partnership of North Carolina, are joined by Taiwan industrial cooperation mission members in displaying the memorandum of understanding Aug. 25 in the U.S. (Courtesy of IDB)
Four memorandums of understanding spanning offshore wind power, aviation precision machinery, commercialization of innovations and semiconductors were inked during a recent 15-day, six-state Taiwan industrial cooperation mission to the U.S., according to the Ministry of Economic Affairs Aug. 28.

The first was finalized by the MOEA’s Taiwan-USA Industrial Cooperation Promotion Office, China Steel Corp. of Kaohsiung City in southern Taiwan, CR Classification Society and Taiwan Wind Turbine Industry Association with three U.S. companies: ABSG Consulting Inc., Keystone Engineering Inc. and Principle Power Inc.

“Concluding a memorandum with U.S. partners possessing advanced capabilities in the certification of offshore wind farm projects, as well as building fixed and floating foundations for offshore wind turbines, will strengthen bilateral cooperation in related technologies and help promote the development of Taiwan’s green energy industry,” said mission leader Wu Ming-ji, director-general of the MOEA’s Industrial Development Bureau.

The second was signed by state-backed nonprofit Industrial Technology Research Institute of Hsinchu County in northern Taiwan and Deta International Co. Ltd. of Taichung City in central Taiwan, a leading manufacturer of automatic tool changers, with Boston-based Energid Technologies Corp. The U.S. outfit is a top provider of advanced software and robotic systems for the aerospace, defense, medical and transportation industries.

“This memorandum paves the way for a win-win outcome and helps Taiwan move closer toward realizing its goal of becoming a global intelligent machinery hub,” Wu said.

The third was inked by Taiwan-USA Industrial Cooperation Promotion Office with New York-based Entrepreneurs Roundtable Accelerator. The agreement aims to help startups in Taiwan forge ties with their counterparts on the U.S. East Coast.

The final memorandum was signed by ITRI, the MOEA’s Committee for the Development of Precision Machinery Industry and Taiwan-USA Industrial Cooperation Promotion Office with the Economic Development Partnership of North Carolina. Under the pact, Taiwan and the U.S. state will expand exchanges and cooperation in aviation and intelligent machinery.

According to the MOEA, Taiwan’s international competitiveness and innovation capabilities can benefit from increased cooperation with the U.S. In addition, promotion of the country’s emerging industries—a central plank in the government’s New Model for Economic Development—can be fast-tracked through strengthening links with U.S. industrial clusters.

The New Model for Economic Development seeks to achieve structural transformation and sustainable development for Taiwan through the core values of innovation, employment and distribution. (KH-E)

Write to Taiwan Today at ttonline@mofa.gov.tw


 

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