Doing Business in Taiwan

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Syllabus of the Subject: Doing Business in Taiwan (Republic of China).

  1. Introduction to Taiwan (ROC Republic of China)
  2. Taiwanese Economy: one of the Four Asian Tigers
  3. Taiwanese Strategic Sectors
    1. Food
    2. Automotive
    3. Biotechnology
    4. Medicine and Health
  4. Doing Business in Taipei
  5. Economic ties with China
  6. Taiwan's International Trade
  7. Competitive advantages of Taiwan
  8. Taiwan as the Hub in Asia-Pacific
  9. Foreign Direct Investment (FDI) in Taiwan
  10. Taiwanese Companies and Business People
    1. HTC Corporation
    2. ACER Group
    3. Chang Yung-fa (I-Kuan Tao). Director of Evergreen
  11. Business Opportunities in...
    1. Electronics
    2. Information Technology
    3. Textiles
    4. Semiconductors
  12. Access to the Taiwanese market
  13. Business Plan for Taiwan

The objectives of the subject “Foreign Trade and Doing Business in Taiwan (Republic of China)” are the following:

  1. To analyse the Taiwanese economy and foreign trade
  2. To evaluate the business opportunities in Taiwan
  3. To explore Taiwan's trade relations with the country of the student
  4. To know Taiwan's Free Trade Agreements (FTAs)
  5. To examine the profile of Taiwanese companies
  6. To develop a business plan for the Taiwanese market
The Subject (e-learning) “Doing Business in Taiwan (Republic of China)” is part of the following Higher Education Programs (EENI- School of Business & HA University):
  1. Masters (e-learning): International Business, Asia, Pacific, Emerging Markets
  2. Doctorate in Business in Asia

Doctorate and Master in International Business for the Taiwanese Students.

Course learning materials in Higher Education in English (or Tertiary Education in Spanish Taiwán Post-secondary Education in French Taïwan).

  1. Credits of the subject “Foreign Trade and Doing Business in Taiwan”: 2 ECTS Credits
  2. Duration: two weeks

Chang Yung-fa Taiwanese Businessman

Description of the Subject- Doing Business in Taiwan (Republic of China).

Taiwan (Republic of China).

  1. Taiwanese Population: 23 million people
  2. Capital: Taipei
  3. The official language is Mandarin Chinese
  4. Area: 36,200 square kilometres
  5. Taiwan is a Semi-Presidential Republic
  6. Taiwanese currency: New Taiwan Dollar

Religion in Taiwan (Asia).

  1. Mahayana Buddhism (ZEN) and Taoism has a strong presence in Taiwan and to a lesser extent Confucianism
  2. Christianity (1 million)

Taiwan belongs to the Buddhist Civilisation

Taiwanese Economy.

The Republic of China (Taiwan ROC) is one of the Four Asian Tigers, the strategic position at the heart of the Asia-Pacific region, converts Taiwan in a Global manufacturing centre.

Taiwan is one of the most dynamic economies in the World:

  1. 17th world's largest economy
  2. 14th largest exporter
  3. 16th largest importer
  4. Taiwan is the third biggest holder of foreign exchange reserves
  5. Small and medium-sized companies (98% of all the Taiwanese companies) play a fundamental role in the Taiwanese economy
  6. Taiwanese manufacturing sector represents 25 % of the gross domestic product
  7. Top manufactured goods are IC chips, LCD panels, semiconductors, electronic components, mechanical and electrical appliances, textiles, plastics, petrochemical products, electrical machinery, precision instruments, iron, and steel
  8. The Republic of China (Taiwan ROC) has strong competitive advantages in the Information and Technology manufacturing industry. Taiwan is the second largest Information Technology hardware manufacturing nation in the World
  9. Enterprises from Taiwan are the main suppliers of computer monitors in the World and leaders in PC production
  10. Textile and apparel production is still a major export sector of Taiwan (200,000 workers)
  11. Taiwanese services sector represent 69 % of the gross domestic product
  12. Top service activities in the Republic of China (Taiwan ROC) are wholesale and retail (19 % of the gross domestic product), property (real estate) and leasing, financial services and insurance, transport, and information and communications providers
  13. Taiwan is one of the “four tigers” of Asia, along with South Korea, Singapore, and Hong Kong

International Trade of Taiwan.

The Republic of China has not natural resources and has a small local market, for this reason, the Taiwanese economy is based on the international trade (80 % of the gross national product).

  1. Taiwan is the fifteenth largest exporter in the World
  2. Top export products of Taiwan: electrical machinery, mechanical appliances, plastics, textiles, and iron and steel
  3. Top export markets of Taiwan: The United States, Hong Kong, and Japan (53.3 % of the total exports)
  4. Taiwan is the 16th largest importer

Economic Relations with China.

On June 29, 2010, Taiwan and mainland China signed the Framework Agreement on Economic Cooperation to strengthen the bilateral trade and economy and to reduce the political risks between Taiwan and mainland China. Taiwanese official statistics indicate that Taiwan firms had invested 84,400 million dollars in China (more than 50% of the stock of the FDI).

Foreign direct investment (FDI) in Taiwan.

Taiwan offers some advantages to the multinational firms and investors over other countries in Asia. Taiwan's economy has gone from labour-intensive to being knowledge-based and capital-intensive, so the country has a variety of new opportunities for the foreign direct investment (FDI) in Taiwan. In fact, some key high-tech industries in the World are in Taiwan.

There are significant business opportunities:

  1. Semiconductors
  2. Opto-Electronics
  3. Precision Machinery and Instrumentation
  4. Metals
  5. Computers and communication equipment
  6. Electrical products
  7. Aviation and automotive
  8. Biomedical and pharmaceutical products

Taiwan's Free Trade Agreements (FTA) (Republic of China).

  1. Taiwan is a member of the Asia-Pacific Economic Cooperation (APEC)
  2. Taiwan has signed Free Trade Agreements (FTA) with Panama, Guatemala, Honduras-El Salvador, and Nicaragua
  3. China-Taiwan Economic Cooperation Framework Agreement

Doing Business in Taiwan

Taiwan is a member of:

  1. Asian Development Bank (ADB)
  2. World Trade Organisation (WTO)
  3. United Nations (UN)
  4. Pacific Economic Cooperation Council
  5. OECD

Samples - Business in Taiwan

Nicaragua-Taiwan Free Trade Agreement (FTA)

Taiwan-Panama Free Trade Agreement (FTA)

ACER Group Taiwan

Taiwan-Honduras-El Salvador Free Trade Agreement (FTA)

Guatemala-Taiwan Free Trade Agreement (FTA)

Asia-Pacific Economic Cooperation APEC



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