The driver of Taiwan’s economy is the high personal disposable income of its citizens who demand high quality food, education, and products and services.
Taiwan’s Productivity 4.0 is a US$1.13 billion nine year initiative across key sectors to help build smart diversified production facilities.These sectors inlcude:
- food and agriculture
Taiwan is one of the most innovative countries in the world measured by numbers of patents lodged and international designs awarded.
Taiwan is Queensland’s sixth largest export market and its unique relationship with China makes it an important market for Queensland companies.
Taiwan’s close engagement with China, its ageing demographic and need for food and energy security will drive opportunities for Queensland in the future. Taiwan is expected to be one of the oldest populations by 2030 requiring sophisticated aged care infrastructure and services.
Currently Taiwan imports almost their entire energy needs. Greater energy security will drive their increasing interest in renewable energy applications in wind, tidal and solar. Alternative fuels, such as biofuels will also become a priority.
Taiwan is a major investor in mainland China.
Taiwan’s advanced economy is considered a gateway to China and ASEAN, with their multi-billion dollar investment footprint in these countries.
- Fresh food
- Processed food
- Packaged food and ingredients
- Renewable energy
- Organic food
- Advanced technology
- Premium foods
- Aged care services
- Functional food
- Advanced manufacturing