October 2018  
The trade conflicts as the largest headwind hindering recovery
TIER composite indicators signal a likely ending of growing binge
The US economy is still among all the strongest with promising purchasing managers' indicators and sharply increased leading index. However, the escalated trade conflicts or ongoing tariff war between the US and China could still be the biggest uncertainty hindering the world economy. Worried about the potential impacts caused by said uncertainty, all three composite indicators issued by the Taiwan Institute of Economic Research (TIER) signal slowing growth in the near future.
Taiwan's exports in September 2018 increased by 2.61% compared with the same month of 2017. Regarding imports, Taiwan's imports in September 2018 increased by 13.89% compared with imports in August 2017. Exports and imports grew by 8.07% and 11.90% y-o-y respectively from January 1st till the end of September this year, Taiwan's exports and imports gave a trade surplus of US$ 36.69 billion or a decrease by 9.86% on a y-o-y basis for the first 9 months of this year.
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New Southbound Policy: Minister confident on policy progress
With the US unveiling its Indo-Pacific strategy and South Korea announcing its “New Southern Policy” this year, Minister Without Portfolio John Deng, head of the Office of Trade Negotiations, said he is even more convinced that Taiwan is heading in the right direction with its New Southbound Policy. “Our strategy, goals and areas of interest overlap much” with those of the US, Deng said. “We are fortunate that we had the foresight to initiate our policy two years ago.” (Source: Taipei Times)

Taiwan and the Philippines Promote Digital Transformation for MSMEs in Cebu (Source: MOEA)
Taiwan Economic Research Monthly
International model of multi-participation mechanism in innovation policy governance
The strategic research agenda, referred as SRA, is a consensus for the European Commission to bring together stakeholders from a wide range of sectors and to focus on high-priority research and development issues. This article aims to help readers understand the life cycle and development of the European technology platform and to analyse the application of SRA’s future manufacturing 2030 platform in Germany as a reference for Taiwan’s current industrial innovation policies.
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