TAIPEI (Taiwan News) – The Ministry of Economic Affairs (MOEA) ran a Taiwan Day event in Malaysia to support opportunities and development for Taiwan e-commerce operators in one of the biggest markets of Southeast Asia.
On Friday, the 2017 Taiwan – Malaysia Internet & E-commerce Summit brought together 21 Taiwanese e-commerce vendors, including Uitox, ALLYOUNG Beauty and Health, friDay, KKday and AIR Space to seek expansion in Malaysian markets.
According to the deputy head of MOEA's Department of Commerce, Chen Mi-shun (陳秘順) said that the e-commerce markets in the Association of Southeast Asian Nations (ASEAN) and Malaysia in particular, are among the fastest growing industries.
Taiwan's government wants to further promote collaboration between Taiwan e-commerce businesses with Malaysian partners.
As for the Malaysian government, they have launched a national policy strategy to boost e-commerce development, and the value of the country's e-commerce market is forecast to reach US$7.22 billion by 2025.
In the event, not only products were displayed, face-to-face meetings and activities for business exchanges were also included, according to Chen.