TAIPEI, Taiwan, (TaiwanToday) – Minister of Economic Affairs, ( MOEA) Kuo Jyh-huei hosted a forum for representatives of small and medium enterprises August 18 in Taipei City to facilitate discussion of fluctuating currency exchange rates, overseas market expansion and US tariffs.
Kuo noted in remarks at the event that the ministry of economic affairs has been holding talks with export-oriented industries since April in response to the tariff scheme, and has proposed multiple concrete measures to maintain stable operations and improve resilience.
The minister explained that the MOEA has organised 85 artificial intelligence pilot production lines to support digital transition in collaboration with research and development institutions. He also mentioned the August 14 launch of the Taiwan Trade and Investment Service Center in Dallas, Texas, to assist SMEs with supply chain integration and overall marketing, and described the planned expansion of attendance at international exhibitions and the increase in ministry-run marketing campaigns to enhance the visibility of domestic products.
According to the ministry, financial assistance is available to help SMEs address the impact of tariffs. The aid includes the allocation of NT$5 billion (US$165 million) for corporate transitional loans as well as an R&D subsidy pool of NT$25 billion.
The MOEA stated that government-industry collaboration is vital to keeping local SMEs on top amid fierce global competition, and pledged to remain in close communication with industrial sectors to create new opportunities and provide companies with flexible and precise support.