On the 27th of March, Deputy Director of the International Trade Bureau of the Ministry of Economic Affairs, Mr. William, at the invitation of the organizer of the "20th Global Business Roundtable" (GBR World Congress), led a delegation to participate in the forum and published "China's Economic and Trade Development Overview and Industrial Innovation Development". The speech will promote participants' understanding of Taiwan's trade status and business opportunities, strengthen the attention and understanding of the African business community to Taiwan, and open up new markets for Africa for our industry.
The Global Business Roundtable Forum was established in South Africa in 2009 as a global business communication platform designed to promote African industry and commercialization. Currently, there are more than 3,000 members from 82 countries. In addition to inviting the government, national economic and trade officials, industry and commerce associations and manufacturers to participate in the conference, they will give speeches and discussions on international economic and trade situations, and invite manufacturers from various industries to participate in trade shows and handle B2B media conferences to promote trade and investment opportunities. .
The (ninth) Forum was held in Johannesburg from March 27th to 29th. The theme includes the impact of digital development on the economy and global trade transformation, including more than 200 countries from China, Finland, Indonesia and Africa. People attended the meeting and specially invited former Ghanaian President John Mahama, Niger Investment Minister Zakaria Wargo, South Africa's Deputy Minister of Economic Development Madala Masuku and other African politicians to give speeches on how to strengthen African economic integration, attract foreign investment, and prevent corruption. The issues of corruption, the impact of the energy sector on trade and circulation, the current situation of African trade, and policies, etc., were mostly attended by business people from African countries. Their participation was quite active.
Deputy Director Liu delivered a speech at the forum, saying that Taiwan and African countries are highly complementary in economic, trade and industrial structure, Africa has abundant natural resources and labor; Taiwan has advanced technological capabilities, mature management techniques and great entrepreneurship. Spiritual SMEs, Taiwan and African countries have great potential for cooperation in textile, agricultural food processing and other fields. It also shows that China ranks 19th in total global trade and 17th in export. In order to comply with the global development trend, China actively negotiates free trade agreements and economic cooperation agreements, strives for its position on the international stage, and simultaneously expresses Taiwan's strengthening and Africa. The importance of national cooperation can provide me with successful experience in economic development to assist the development of small and medium-sized enterprises in Africa. The participants have been highly resonated. After the meeting, they paid tribute to the delegation and hoped to conduct business exchanges with China.
In addition, in order to promote Taiwan's fine products to African countries, the Foreign Trade Association has displayed 16 manufacturers and 39 Taiwanese boutiques in the above-mentioned forums, including functional sportswear, LED lights and other products that meet the needs of the African market. warm.
The African Department has a vast market with a population of 1.3 billion. In recent years, Africa's economic growth rate has outperformed the world and created 300 million middle-class and young people. The IMF predicts that Africa's economic growth rate will reach 3.5% in the next two years, and 15 have been signed. Regional economic agreements enjoy preferential tariffs. Recently, the international trade order has undergone major changes. In order to increase the energy of the overseas market of our industry, the Trade Bureau organized a delegation to participate in this forum and trade show activities, showing my attention to the African market and helping our business to explore business opportunities in the African market.
Source: Ministry of Economic Affairs R.O.C