The driver of Taiwan’s economy is the high personal disposable income of its citizens who demand high quality food, education, and products and services.
Taiwan’s Productivity 4.0 is a US$1.13 billion, nine-year initiative across key sectors to help build smart diversified production facilities.
These sectors include:
- food and agriculture
Taiwan is one of the most innovative countries in the world measured by numbers of patents lodged and international designs awarded.
Taiwan is Queensland’s fifth largest export market and its unique relationship with China makes it an important market for Queensland companies.
Taiwan’s close engagement with China, its ageing demographic and need for food and energy security will drive opportunities for Queensland in the future.
Taiwan is expected to be one of the oldest populations by 2030, requiring sophisticated aged care infrastructure and services.
Currently Taiwan imports almost all of its energy needs. Greater energy security will drive its increasing interest in renewable energy applications in wind, tidal and solar.
Alternative fuels, such as biofuels, will also become a priority.
Taiwan is a major investor in mainland China.
Taiwan’s advanced economy is considered a gateway to China and ASEAN, with its multi-billion dollar investment footprint in these countries.
- Education and training
- Fresh food
- Processed food
- Packaged food and ingredients
- Renewable energy and biofuels
- Advanced technology
- Aged care services
- Premium, Functional and Organic foods
- Advanced manufacturing