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Taiwanese trade mission to improve economic ties

Taiwanese trade mission to improve economic ties

TAI PEI: Taiwan Trade Mission done in Davao City Thursday, March 22, will help improve the economic relationship of Taiwan and Mindanao especially that the Taiwanese companies who came belong to and support different industries, said Trade and Industry official. With about 24 Taiwanese companies coming from different industries, Trade and Industry Davao Assistant Regional Director Edwin Banquerigo said these companies are introducing new industrial technologies that may help boost the productivity and competitiveness of the local companies and enterprises in Davao Region.

“Normally if you introduce technology, there can be a training that will follow. You cannot transfer technology by just giving the equipment. There is that training component and we’re allowed to employ some of them until the point that there is already a Filipino who can teach others. Part of their responsibility is to bring in experts here to facilitate transfer of technology,” he said. He added the 24 companies are very holistic in nature especially that they are not only concentrated on agriculture. There are companies who are into survey mapping, drone use and selling, solar energy, cost-saving energy, solar power, food packaging, and electronics among others.