An employee at a cycle factory in Changhua, Taiwan. File/Reuters
Taiwan’s economic growth will likely slow to its weakest in five years in 2020 as consumption and tourism take a hit from the coronavirus pandemic, but the economy is set to rebound next year on improved demand for the island’s exports.
The current trade volume between India and Taiwan is to the tune of $7.5 billion. Over the years, India has shown keenness to expand economic and socio-cultural ties with Taiwan.
Taiwan’s exports jumped in August, boosted by Chinese telecom giant Huawei Technologies Co Ltd rushing to get in orders at Taiwanese firms before they have to comply with US curbs that take effect this month.
“62 countries participated today in the Arabian Travel Market, an international mega tourism event since the COVID-19 outbreak. Dubai welcomes the world as global tourism begins to recover, representing the light at the end of the tunnel.”
Ras Al Khaimah Tourism Development Authority (RATKDA) has unveiled a new vision and destination brand on Sunday at the Arabian Travel Market (ATM) 2021.
More than 2,500 online travel agents, tour operators, hotel groups and airlines have signed on as Authorised Ticket Resellers (ATRs) for Expo 2020 Dubai, organisers announced at Arabian Travel Market 2021 (ATM).