On Day Two of the CACCI Presidential Delegatin to Taiwan on May 18th, 2023, the CACCI delegation visited the Commerce Development Research Institute (CDRI) where they were received by its key officers headed by Chairman Tain-Tsair Hsu.

After the brief Welcome Remarks of Chairman Hsu expressing his appreciation for the visit by the CACCI delegation, CACCI President Mr. Peter McMullin AM thanked Chairman Hsu for the warm welcome followed by a brief introduction on CACCI, what it does, and the strong support it receives from the Taiwanese government and business sector.

Thereafter, the other CDRI officers in attendance made presentations on the Institute and its various activities. They elaborated on the topics of cross-border e-commerce, application of market data, and how the Institute assists Taiwanese companies in foreign trade by applying value-added technologies, and the participation of CDRI in UN/CEFACT.

The CACCI visitors learned that:

(1) The CDRI was established in December 2007, and positioned as National Level Services Research think-tank. It plays the role as a platform of knowledge exchange for the government, the local industry, the academia, and research institutes; additionally, bringing in powerful resources and connections to provide suggestions to the Government as references for decision making, as well as to offer total solutions to private enterprises.

(2) As its major achievements to date, the Institute has coached 11,387 enterprises; increased enterprise revenue by NT$340.2 Billion, facilitated NT$1,253.4 Billion investment capital injection, created 378 innovative business models, and trained 41,847 service industry workers, thereby enabling industries to upgrade, transform and globalize.

(3) The Institute has also provided support to the Taiwanese governments New Southbound Policy, which target countries from ASEAN region, Australia, New Zealand and India and aim to support Taiwan companies to expand their business to the region.

At the end of the visit, Mr. McMullin and Chairman Hsu exchanged Tokens of Appreciation for the opportunity to learn more about each other’s organizations and to identify possible areas in which they can cooperate with CACCI member countries.

The full report of the CACCI Presidential Visit to Taiwan can be read HERE.