Taiwan looks to tap into Philippines’ manufacturing potential

Focus Taiwan
Date: 2018/08/03
By: Liao Yu-yang and Ko Lin

Taipei, Aug. 3 (CNA) The Taiwan External Trade Development Council (TAITRA) on Friday said it will lead a group of Taiwanese exhibitors to a smart machinery exhibition in the Philippines, hoping to tap into the country’s growing manufacturing potential.

Together with the Taiwan Machine Tool & Accessory Builders’ Association (TMBA) and Taiwan Bearing & Transmission Association (TBTA), TAITRA will bring some 40 exhibitors to Smart Tech Manufacturing Philippines 2018 in Metro Manila from Aug. 22 to 25.

The Philippine economy has performed well in recent years, with gross domestic product (GDP) growth averaging over 6 percent a year since 2012, the highest among ASEAN countries, TAITRA Industry Management Department Chiu Hui-li (邱揮立) said.
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