Taipei--The smart systems that offer convenience to residents in Taiwan such as the electronic toll collection (ETC) system used on local freeways, could provide an excellent opportunity for Taiwan to develop contracts with foreign countries, according to the Taiwan External Trade Development Council (TAITRA).
The non-profit government-sponsored trade promotion institution recently put together a list of electronics and software-combined system solutions, including ETC, U-Bike, e-Gate at airports, police surveillance systems, e-Bus and smart hospitals, as new tools Taiwan can deploy to secure contracts with foreign governments.
ETC allows motorists to drive on the freeway without having to slow down to pay a toll fee, and the e-Bus system informs commuters of bus arrival times. Such systems will be key products in TAITRA's trade missions this year, the council revealed.
Anticipating major business opportunities in emerging markets such as Association of Southeast Asian Nations (ASEAN) member-states and countries in Central and Eastern Europe, TAITRA will assist local businesses market system integration services to those regions this year and promote related products, Raymond Chen (???), executive director of TAITRA's Strategic Marketing Department, was quoted as saying in a report in the United Evening News on Tuesday.
Expressing confidence in Taiwan's integrated system solutions, Chen said that ETC is currently the world's largest road electronic toll collection system, with 99.999 percent accuracy in identifying vehicles as they pass through toll gates.
The system has been adopted by Vietnam and a memorandum of cooperation has been signed with Bosnia Herzegovina on an ETC project, Chen said.
Encouraged by the results of the aforementioned projects, TRITRA will focus on assisting local companies export a wide range of system solutions, Chen said, noting that the focus will be on foreign governments as customers.
Source: Focus Taiwan News Channel