Taiwan, Philippines sign MOU on aerospace industry cooperation
Feb 07, 2018Government & PoliticsComments Off on Taiwan, Philippines sign MOU on aerospace industry cooperation
Singapore, The Taiwan Aerospace Industry Association (TAIA) and the Aerospace Industries Association of the Philippines (AIAP) signed a memorandum of understanding (MOU) in Singapore Wednesday on promoting industrial exchanges and cooperation for mutual benefit.
TAIA Chairman Anson Liao (???) said that Taiwan's aerospace industry has seen gradual growth over the past few years, with its value of output registering an average 8 percent growth and breaching the NT$100 billion (US$3.48 billion) mark over the past two years. In 2017, its output value was close to NT$110 billion.
TAIA has demonstrated its support of the government's defense autonomy policy by developing intelligent manufacturing systems to promote indigenous aircraft production, Liao said.
It has also endeavored to establish links with 18 countries targeted by the government's New Southbound Policy, which covers those in Southeast Asia and South Asia, as well as New Zealand and Australia, according to Liao.
Given that major aeronautic manufacturers in the Philippines focus on assemblage, manufacture of flight controls and avionics systems, while Taiwan's aerospace industry mainly concentrates on the development of airframe and engine components, the forging of partnership ties between TAIA and AIAP will help the industries on both sides to integrate resources and complement each other, Liao noted.
The MOU was signed during the Singapore Airshow 2018, which started Tuesday and will run through Feb. 12.
This year, Asia's largest aerospace and defense event has gathered 1,062 top aerospace companies from 50 countries around the world, showcasing their latest technologies, solutions and developments. It is expected to attract over 100,000 professionals from the industry, including many from Taiwan.