In response to recent challenges, such as the U.S. reciprocal tariff policy and the restructuring of global supply chains, the Ministry of Economic Affairs (MOEA) has mobilized its overseas offices to invite international buyers to visit Taiwan for procurement. The inaugural "Taiwan Select Global Procurement Summit" officially kicked off on April 23 to create a targeted matchmaking platform that strengthens connections between domestic enterprises and international markets. A total of 454 buyers from 48 countries were invited to Taiwan for business negotiations, potentially generating an estimated US$800 million in business opportunities.
Key International Buyers Visit Taiwan Seeking Opportunities for Cooperation
This business matchmaking event covered a wide range of traditional industries, including auto parts, machinery and smart manufacturing, electric vehicles, medical equipment, hardware and fasteners, petrochemicals, green energy, and consumer goods. Most of the buyers came from the auto parts and machinery sectors. Several business associations organized delegations to Taiwan, which highlighted the vital role that Taiwan's supply chains play in global markets.
The event featured a dedicated consultation area that offered comprehensive services, including explanations of U.S. tariff increases, export insurance, ESG implementation, and CBAM reporting. In addition, a "Taiwan Select" tea service and hospitality lounge was set up to promote Taiwan's high-quality processed foods and health and wellness industries. This allowed buyers to experience Taiwan’s warmth and hospitality, as well as engage in business discussions.
Deepening Traditional Industry Clusters and Expanding the Momentum for Orders
To support traditional industries that are heavily impacted by U.S. tariffs—such as machinery, precision components, hand tools, and auto parts—the MOEA arranged for 120 overseas buyers to visit industrial clusters in Taichung on April 24. This initiative aimed to help buyers gain a deeper understanding of the advantages of Taiwan’s manufacturing sector, while facilitating sound linkages with local businesses.