Why Taiwan?
Taiwan’s technology-driven and advanced financial services economy supports high disposable incomes, creating demand for high-quality food, education, and products and services.
The Taiwanese Government has a Bilingual 2030 policy, which aims to raise the level of English proficiency among the public and improve the country’s overall national competitiveness. This policy serves as a significant driver for expanding opportunities in the ELICOS sub-sector, particularly in teacher training programs.
The government is also promoting the Forward-looking Infrastructure Development Program to meet national infrastructure needs over the next 30 years. This program contains eight major elements: railway development, digital infrastructure, aquatic environments, food safety, green energy, urban-rural development, boosting birthrates and childcare facilities, and nurturing talent and employment.
The Taiwan Government’s ‘5+2’ Innovative Industry Plan supports seven industries and projects to drive Taiwan’s industrial growth and sustainable development. This focus is expected to move Taiwan from contract manufacturing to a new commercial model of high-value-added business, services and solutioning. Key aspects are:
- intelligent machinery
- Asia Silicon Valley
- green energy
- biomedicine
- national defence and aerospace
- new agriculture
- the circular economy.
A market with strong IP protection, Taiwan is one of the most innovative regions in the world as measured by numbers of patents lodged and international designs awarded.
Queensland and Taiwan?
In 2023-24, Taiwan was Queensland’s sixth-largest merchandise export market and its eighth largest two-way trading partner. Its unique relationship with China and central location in Asian supply chains makes it an important market for Queensland companies.
Taiwan’s ageing demographic and need for food and energy security will drive opportunities for Queensland in the future.
Taiwan has been classed as an ‘aged’ society since 2018, when its population over the age of 65 surpassed 14%. This proportion is expected to exceed 20% by 2026, and 41% by 2060. It will therefore require sophisticated aged care infrastructure and services.
Taiwan currently imports almost all of its energy needs. In line with global trend, the Taiwan Government is pursuing net zero goals, with stated intentions to increase gas and renewable energy use.
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 due to the Green Energy and Circular Economy initiatives.
Opportunities and challenges
- Urban infrastructure
- Food and agribusiness
- Education and training
- Innovative technology
- Health
- Tourism
- Renewables
- Green energy
- Aged care services
- Financial services
- Biomedicine
- Defence and aerospace
Taiwan major activities FY25–26
Investment
Where: Taipei
Details: Seminar for investment and migration opportunities in Queensland.
Where: Taipei
Details: TIQ and Gold Coast co-hosted event to celebrate trade and investment engagement between the sister cities. Attendees include Gold Coast Mayor Tom Tate, Invest Gold Coast, exporters from Queensland, and airlines and tourism partners from Taiwan.
Networking
Where: Taipei
Details: Key flagship event for the year, bringing together our key clients and stakeholders for a 100-guest dinner. The format will be the prime opportunity for this office to rebrand in market, showcase QLD exporters for each dish, and pitch for Queensland being the prime destination for investment ahead of the 2032 Brisbane Games.
Where: Brisbane
Details: This will be the Queensland version of the formal sit-down event described above. Hosted during the day at 1 William Street, the session is designed to bring together key stakeholders and clients who are unable to attend in-market engagements. The atmosphere will be more relaxed, while still providing a meaningful plaƞorm for discussion, connection, and updates on current opportunities and celebrating achievements.
Food and Agriculture
Where: Taipei
Details: TIQ is partnering with Import and Export Association of Taiwan (IEAT) to organise an event to bring together Taiwanese food importers and buyers, including latest regulatory & compliance briefing sessions, and seminars.
Where: Taipei
Details: TIQ is partnering with Kanpai group to organise Australian Beef Week, offering special Australian beef dishes and aiming at enhancing awareness of Australian beef, and promoting the wide range of Queensland beef
brands.
Where: Taipei
Details: TIQ is partnering with MLA to promote Queensland food. We are under the process to secure the booth and plan to invite QLD food suppliers to Taiwan, aiming to achieve business matchings, Queensland brand
awareness, and long-term partnership with Taiwanese importers.
Education
Where: Taipei
Details: TIQ will be hosting a series of workshops with education agents and institutional partners focused on promoting Queensland school sectors, where Queensland schools to travel to Taiwan to meet with interested
applicants.
Meet Juna Ferret
Queensland Trade and Investment Commissioner – Taiwan
Juna Ferrett commenced as Commissioner for Taiwan in February 2024. A proud First Nations Taiwanese-Australian who lived in Queensland, she has a career that spans across both commercial enterprise and government initiatives.
Prior to this appointment Juna was with Deloitte as Strategy Manager where she led engagement across Queensland’s key knowledge-intensive industries. She spent many years working for Southern Cross University and Cambridge International College across China and Canada and has also been an international volunteer with the Gates Foundation (Myanmar) and Room to Read (Cambodia).
Juna is bilingual English and Mandarin Chinese. She holds a Bachelor of Arts - International Development (Uni Melb), a Master of Business Administration (QUT) and studied at Stanford Graduate School of Business (USA).
Resources
- Asialink, Doing Business in Taiwan | Asialink Business
- Austrade, Market Profile – Taiwan
- Austrade, Doing Business – Taiwan
- Austrade, Market Information Package for Australian education institutions
- DFAT, Market Insights Taiwan
Global markets
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