President positions Taiwan to make most of new global supply chain network

Tsai Ying-wen intends to unlock Taiwan’s high-tech prowess post-COVID-19

President Tsai attends event marking CPC's 65th anniversary.

President Tsai attends event marking CPC's 65th anniversary. (CNA photo)

TAIPEI (Taiwan News) — President Tsai Ing-wen (蔡英文) has vowed to strengthen business collaboration and make Taiwan a high-tech center and high-end manufacturing hub.

Tsai made the remarks at an event marking the 65th anniversary of the China Productivity Center (CPC) in Taipei on Friday (Nov. 6). The CPC is a New Taipei-based private organization dedicated to industrial upgrading and serves as a bridge between the government and private sector.

Acknowledging the contributions of the organization, Tsai stated that the CPC has emerged as a leading corporate management consulting firm in Taiwan. It has assisted tens of thousands of companies in their pursuit of advanced competitiveness and supported the government’s New Southbound Policy by helping local companies make inroads in Southeast Asian markets.

Tsai also took the opportunity to make the case for securing a central place in the restructuring of the post-COVID-19 global supply chain. She believes this goal can be reached by bolstering Taiwan’s status as a hub for high-end manufacturing, advanced semiconductor technologies, and green energy in Asia.

Tsai pointed out that Taiwan posted 3.33 percent GDP growth in the third quarter this year, outperforming South Korea, Singapore, and Hong Kong. The country’s GDP growth for this year is estimated by the Asian Development Bank to be the best of the Four Asian Tigers.

Updated : 2021-02-27 06:59 GMT+08:00