The cooperation of the Republic of China and the United States in the field of digital technology took another step further after the one-day Smart Technology Symposium that took place yesterday in Taoyuan. During the event, the two sides pledged to strengthen the exchange of solutions for smart cities, financial technologies and the Internet of Things.
The two sides have announced the establishment of Taiwanese and US public and private expert groups to facilitate in-depth discussions to enhance cooperation in the development of smart technologies. This body will present its findings to the Third Digital Economy Forum in Taipei later this year.
Founded in 2015 by Taiwan's Economic and Cultural Representative Office in Taiwan and the American Institute in Taiwan, the Digital Economy Forum serves as a bilateral framework for promoting sustainable growth through the implementation of emerging ICT solutions.
It is expected that the new body to strengthen the consensus on measures to promote the expansion of the digital economy in the Forum. To date, Taiwan and the United States reaffirmed their support for broader initiatives including pursuit of high standards for digital marketing, and seeking opportunities to promote closer cooperation between their forms venture capital start-up clusters and innovators.
Co-organized by the National Development Council of the Government and the American Institute in Taiwan, the Smart Technology Symposium gathered around 260 employees and business representatives from both sides, including Deputy Minister of National Development Council Kung Ming-chin, Mayor of Taoyuan Chen Wen Taiwanese Liu Jay-chin, chairman of the Taiwan Banking Association, the director of the American Institute in the Republic of China Kin Moo, Holly Vaynard, Deputy Assistant Secretary of the World Markets at the US Department of Commerce, and Other.
Describing Taiwan as a leader in the field of smart technologies in the region, Kung said the government is currently focusing on sectors such as health and transport as part of the Asian Silicon Valley. These efforts will reveal the ability of the nation to develop integrated solutions and will contribute to the expansion of the digital economy.
The Asian Silicon Valley, which spans innovation and other emerging and gradually emerging smart technologies, is at the heart of the five + two initiative. This comprehensive economic restructuring program focuses on biotechnology and pharmaceutical products, green energy, national defense and smart machines, as well as the promotion of two main concepts: a circular economy and a new paradigm for agricultural development.
It is expected in August this year that Taiwan will send a delegation to Washington for Global City Teams Challenge Expo 2017 to demonstrate the smart cities projects in the country and to present the related business opportunities.