Course summary (Doing business in Taiwan)
Business in Taipei Taiwan. Asia Four Tigers. Electronics, IT, textiles,
Semiconductors, Food, Automobile, Biotechnology, Medicine
Taiwan is one of the most dynamic economies in the world:
- 17th global largest economy in the world,
- 14th largest exporter
- 16th largest importer,
- third largest holder of foreign exchange reserves.
- One of Asia's "Four Tigers", along with South Korea,
Singapore and
Hong Kong
A lack of natural resources and a relatively small domestic market have made
Taiwan dependent on Foreign trade, which constitutes over 80 % of the GNP.
Services accounted for 68.59 % of GDP. Key players in this sector
included wholesale and retail operations (18.49 % of GDP), real estate and
leasing businesses (9.08 %), financial services and insurance (6.35 %),
transportation and storage (3.10 %), and information and communications
providers (3.67 %).
Manufacturing accounted for 24.78 % of GDP. Important manufactured goods
included IC chips, LCD panels, other semiconductor and electronic components,
precision instruments, electrical machinery, mechanical and electrical
appliances, textiles, plastics and other petrochemical products, and iron and
steel. Taiwan has competitive advantages in the IT manufacturing industry; it is
the second largest IT hardware manufacturing country in the world.
Small and medium-sized enterprises, accounting for nearly 98 percent
of all enterprises in Taiwan, play a critical role in the nation’s economy.
Taiwan is located at the heart of the Asia-Pacific region, which puts
it in an advantageous position to make use of global production resources and
marketplace.
Taiwan firms are the world's largest suppliers of computer monitors and leaders
in PC manufacturing, although now much of the final assembly of these products
occurs overseas, typically in China. Textile and apparel production continues to
move to lower-cost locations overseas, but is still a major industrial export
sector and employs about 200,000 people.
The United States, Hong Kong and
Japan are the top buyers of Taiwan products, accounting for 53.3
% of total exports. Major export products
include electrical machinery, mechanical appliances, plastics, textiles and iron
and steel.
Taiwan offers a number of advantages to multinational firms and investors over
other countries in Asia. As Taiwan’s economy has shifted from labor-intensive
industries to knowledge-based and capital-intensive industries, there are a
variety of new investment opportunities in Taiwan. In fact, some of the world’s
leading high-tech industries are located in Taiwan, and some of the prime
industries for potential investment include the following:
- Semi-Conductors
- Opto-Electronics
- Precision Machinery and Instrumentation
- Metals
- Computers and Communication Equipment
- Electrical Products
- Aviation and Automotive
- Biomedical and Pharmaceuticals
HTC Corp, produces powerful handsets that continually push the
boundaries of innovation to provide true mobile freedom. Founded in 1997 by Cher
Wang, Chairwoman, HT Cho, Director of the Board & Chairman of HTC Foundation,
and Peter Chou, President and CEO, HTC made its name as the company behind many
of the most popular operator-branded devices on the market. The company has
8,948 employees (2010-3-31). HTC is headquartered in Taiwan. Sales and service
centers in Europe, the Americas and
Asia ensure their ability to service clients and enhance relationships with
consumers. HTC maintains a presence in all key markets, including the United
States, the United Kingdom, Germany,
Russia, Singapore,
Thailand, the
Philippines,
Indonesia,
India,
Malaysia, Australia, the
United Arab Emirates (UAE) and
Brazil.
The Acer Group is a family of four brands: Acer, Gateway, Packard Bell
and eMachines. This unique multi-brand strategy allows each brand to offer a
unique set of brand characteristics that targets different customer needs in the
global PC market. It ranks No. 2 for total PC shipments and No. 2 for notebooks,
and has a global workforce of 7,000 employees. 2009 revenues reached US$17.9
billion.
International Economic Relations. Taiwan is member of:
Asia-Pacific Economic Cooperation (APEC) ©,
Pacific Economic Cooperation Council (PECC),
Asian Development Bank (ADB), World Trade Organization (WTO) - United
Nations - OECD ...
Free Trade Agreements (FTA) with
Panama - Taiwan FTA,
Guatemala - Taiwan FTA,
Nicaragua,
El Salvador and Republic of
Honduras
Taiwan - Honduras - El
Salvador Free Trade Agreement (FTA)
In June 29, 2010, Taiwan and mainland China signed the Economic
Cooperation Framework Agreement (ECFA) to strengthen the integrity of trade
and economy and to effectively reduce the political risks between Taiwan and
mainland China, and to clear out
foreign investors' concerns about the uncertainty of the cross-strait
relationship. Taiwan official statistics indicate that Taiwan firms had invested
about U.S. $84.4 billion in China as of the end of 2009, which is more than half
of Taiwan's stock of direct foreign investment.
Taiwan is member of: Asia-Pacific Economic Cooperation © - Asian Development
Bank -
EENI in Chinese: 国际贸易、全球营销及国际化硕士
Doing Business, Taiwan, Taiwanese, economy, Foreign trade, import, export, Business in Taiwan, province, China, world, Four Tigers, Asia, Business Opportunities
EENI International Business
Course learning materials: 
