TORONTO, Canada – The Taipei Economic and Cultural Office (TECO) in Canada, alongside the Toronto Region Board of Trade (TRBOT), held a significant conference on September 11, 2024, titled “Pathways to Prosperity: Redefining the Canada-Taiwan Economic Partnership.”
In a strong acknowledgment of Taiwan’s importance, Canada’s Indo-Pacific Strategy highlights its role as a vital regional ally. Recent milestones include the signing of a Memorandum of Understanding (MOU) focused on developing joint research and innovation in Science, Technology, and Innovation. Additionally, a collaborative framework aimed at enhancing supply chain resilience was introduced, concentrating on critical sectors such as green energy, essential minerals, electric vehicles, and semiconductors.
The conference commenced with addresses from esteemed officials, paving the way for enriching panel discussions covering Canada’s Indo-Pacific Strategy, the outlook for semiconductors, AI innovations, electric vehicles, smart technologies, and advancements in healthcare technology.
Notable attendees and organizations contributed to a valuable dialogue on the future of Canada-Taiwan economic collaboration:
Michael Chong, a notable member of parliament recognized for his foreign policy leadership and commitment to strengthening international partnerships.
Sara Wilshaw, assistant deputy minister of Global Affairs Canada, who plays a crucial role in shaping Canada’s global economic strategies, shared insights vital for understanding the Canada-Taiwan relationship.
Victor Fedeli, Ontario’s minister of economic development, whose initiatives promote investment, innovation, and job creation, emphasized Ontario’s dynamic economic landscape.
Dr. Harry Ho-Jen Tseng, Representative of TECO in Canada, brought valuable perspectives from Taiwan’s economic and cultural arenas, crucial for strengthening bilateral relations.
Dr. Richard L. Thurston, former senior vice president at TSMC, highlighted his role in connecting technological innovation between Canada and Taiwan through initiatives like the TSMC Design Center.
Technological Innovations on Display
The Industrial Technology Research Institute (ITRI), a leader in applied technology research, has made significant contributions to tech giants like TSMC. The insights shared at the conference are comparable to those from top research institutions worldwide.
ASUS, a leading player in consumer electronics, underscored its impact on innovation and economic partnerships with its prominent presence at the event. Founded in 1989, ASUS continues to be recognized for its diverse technology products and extensive R&D expertise, with a global revenue of $15.49 billion reported in 2023.
- ASUS is renowned for its wide range of technology innovations, particularly in computing and consumer electronics.
- The company’s commitment to the Smart Healthcare sector includes AI-driven medical solutions aimed at transforming healthcare through digital innovation.
Insight from Strategic Research Organizations
- The Asia Pacific Foundation of Canada (APFC), established in 1984, focuses on enhancing collaboration and understanding between Canada and the Asia-Pacific region.
- As Taiwan emerges as a pivotal economic partner, APFC’s research delves into trade relations and investment dynamics between the two nations.
Earlier this year, the Canadian government announced a substantial investment of $120 million towards manufacturing and commercialization efforts in semiconductors, aiming to develop a pan-Canadian network of collaboration across various sectors.
This strategic investment aligns with commitments made by leadership in Canada and the U.S. to enhance cross-border semiconductor manufacturing capabilities, marking a significant step in international collaboration.
Panel discussions hosted by TECO and TRBOT outlined various investment prospects and future strategic economic opportunities between Canada and Taiwan.
