Taiwanese entrepreneurs are ready to cooperate with the Czech Republic in the high-tech sector, a unique opportunity for the Czech Republic.
The important delegation consisting of three Taiwanese ministers, their deputies, and about fifty leading business leaders is coming to Prague in the week of 23-26 October 2021. This is the largest business visit in the history of both countries. The sixty-six-member group is made up of representatives from the government, prominent Taiwanese companies, and research institutes such as the Industrial Technology Research Institute (ITRI), the National Space Organization, and the Asia Silicon Valley Development Agency. Among the companies represented will be chipmaker SEMI / an association of semiconductor companies. The Taiwanese business delegation is led by the Minister of the National Development Council, Ming-hsin Kung, and the Minister of Science and Technology, Tsung-tsong Wu. The group will visit the Czech Republic after Slovakia and before going to Lithuania.
Taiwanese companies are coming to the Czech Republic to seek opportunities for cooperation in the fields of ICT, green technology, Internet of Things (loT), cybersecurity, health care, smart cities, tourism, banking, and electric vehicles. "Taiwan is one of the most competitive and innovative economies in the world. After last year's visit by the President of the Czech Senate, Miloš Vystrčil, we have a lot of support in Taiwan. This opens up a unique opportunity for us to establish cooperation in sectors in which Taiwan is a global leader," says Pavel Diviš, Chairman of the Czech-Taiwanese Business Chamber. "Thanks to its strategic location in the center of Europe and its educated people, the Czech Republic is an equal partner that not only handles production with precision but also comes up with its ideas and approaches that can stand up to fierce international competition," Diviš adds.
"With the rising tensions between the PRC and Taiwan and the overall change in the geopolitical situation, Taiwanese companies are now looking to relocate production in the high-tech sector, especially strategic sectors such as semiconductors, to safer third countries,” elaborates Martin Hála, Sinologist and the Project Director of Sinopsis. “This process has been initiated in Taiwan by the so-called New Southbound Policy. Globally, the term restructuring or “diversification of supply chains” has come to refer to it. So far, the strategic shift of production by Taiwanese companies has mainly benefited Southeast Asia and other countries such as India and Mexico under the New Southern Policy. However, there is no reason why Central and Eastern Europe, and the Czech Republic, in particular, should not also be involved. Taiwanese investment in progressive industries has a tradition here; for example, Foxconn has been operating successfully in the Czech Republic for a good two decades," Hála adds.
The visit will also include the 5th Czech-Taiwanese bilateral economic consultations at the level of deputies. The Czech side will be represented by the Deputy Minister of Industry and Trade of the Czech Republic, Martina Tauberová. The Taiwanese representation will be led by the Deputy Minister of Economic Affairs, Chern-Chyi Chen. The program of the Taiwanese delegation includes meetings in the Czech Senate, as well as with representatives of CzechInvest, CzechTrade, the Confederation of Industry and Transport, the Czech-Taiwanese Business Chamber, and bilateral meetings within the focus of individual business groups (ICT, loT - chip manufacturing, banking, tourism, smart-cities, electric vehicles, etc.). Pavel Diviš, the Chairman of the Czech-Taiwanese Business Chamber, speaks about the launch of a new type of business diplomacy: so-called technological diplomacy, which is accessible to the entire Czech economy regardless of industry, size, interests, and contacts. It targets the SME segment, i.e. small and medium enterprises.
Representatives of Taiwanese companies will meet with their Czech counterparts on 25 October 2021 at 9:00 am at the Alcron Hotel for individual discussions on possible cooperation. On the afternoon of Monday 25 October, the Minister of the National Development Council, Ming-hsin Kung, will give a lecture at Charles University on the economic role of Taiwan in a post-Covid world.
Ambassador and Head of the Taiwan Economic and Cultural Office (TECO) Liang Ruey Ke explains that “thanks to last year's visit of a delegation led by the President of the Czech Senate, Miloš Vystrčil, and the generous Czech donation of the COVID-19 vaccines, Taiwan feels solidarity with the Czech Republic. Our delegation is, therefore, coming to the Czech Republic at a time when we all have to overcome the difficulties caused by the pandemic. Cooperation in high-tech supply chains and the areas of digitalization, innovation, and start-ups can help both countries significantly.”
Registration for Czech entrepreneurs interested in attending the Taiwan-Czech business meeting (25 October 2021 at 9:00 am at the Alcron Hotel) is available here: www.taiwanbiz.cz