Tsai: Taiwan must move towards becoming an innovative economy

The president met Tuesday with national representatives from CES 2019

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Tsai received the representatives at the Presidential Office

Tsai received the representatives at the Presidential Office (By Central News Agency)

TAIPEI (Taiwan News) — Tsai Ing-wen said during a reception at the Presidential Office on Tuesday that Taiwan must brandish its technological expertise and move in the direction of becoming an innovative economy.

The president was receiving representatives from the Taiwan Tech Arena team that met outstanding success at this year’s Consumer Electronics Show (CES) in Las Vegas, CNA reports.

CES—known as the “weather vane” of the technological world—is the biggest consumer electronics exhibition in existence, Tsai said, and Taiwan Tech Arena was able to use the platform to establish its brand image internationally.

The Ministry of Science and Technology brought together 44 technology innovation teams for the second time to form a syndicate under Taiwan’s own pavilion at CES 2019. The teams together secured around NT$5.5 billion in business opportunities, and gained even more exposure in international media than last year, Tsai said.

In addition, eight new companies won the CES 2019 Innovation Award, meaning Taiwan was only succeeded by France in terms of national award wins, said the president.

Tsai told the representatives their efforts not only brought glory to the country, but demonstrated Taiwan’s strength in science and technology to the world. “You are helping illuminate the path to Taiwan’s future,” she commented.

The president said that though Taiwan’s ample production and manufacturing divisions are vital national assets, the country needs to move in the direction of becoming an innovative economy, and technology is an important foundation for this.

Tsai thanked the Ministry of Science and Technology for bringing the national team together and thanked all participants for helping draw the attention of international manufacturers, which in turn has brought in international orders and opportunities for joint research and development projects.

In this current generation, technology permeates every facet of daily life, she said, and we cannot fight alone, but must use the country’s resources and pool all our strength to create bigger and better market opportunities.