Approved German direct investment in Taiwan final yr marked a 264 percent year-on-year enhance to US$209 million, indicating German companies see Taiwan as an important strategic hub for know-how improvement in the Asia Pacific, German Trade Office Taipei stated yesterday.
The whole quantity of German investment in Taiwan accepted by the Department of Investment Review final yr partly mirrored the ever-expanding financial ties between the 2 international locations, the workplace stated in a press release.
German business leaders which have set foot in Taiwan in latest years embrace Infineon Technologies AG, a world semiconductor options supplier, and Merck Group, a science and know-how firm, it stated.
Photo courtesy of German Trade Office Taipei through CNA
The development in German investment in Taiwan exhibits that German companies see the nation as an important strategic hub for know-how and analysis and improvement in the Asia Pacific area, regardless of disruptions in worldwide provide chains and challenges dealing with German corporations at residence, the workplace stated.
Beyond investment, bilateral commerce between the 2 international locations continued to develop final yr, rising 6 percent from a yr earlier to US$21.7 billion, it stated.
That marked the fifth consecutive yr commerce between Taiwan and Germany has exceeded US$20 billion, exhibiting that bilateral financial and commerce ties stay extremely secure and supply a stable basis for additional improvement, the workplace stated.
German Trade Office Taipei Chief Representative and Executive Director Eva Langerbeck stated the standing of bilateral commerce is a transparent signal of sturdy financial complementarity between the 2 sides, with cooperation now spanning semiconductors, inexperienced vitality and sensible transportation.
Germany and Taiwan have develop into indispensable know-how companions, and shifting ahead, each side will proceed to advertise collaboration in net-zero initiatives and sensible automation, serving to corporations from each economies develop high-value cooperation amid international provide chain shifts, Langerbeck stated.