Business in Taiwan. Economic Ties with China

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

The educational aims of the Subject “Foreign Trade, Logistics and Business in Taiwan (Republic of China)” are:

1. To analyze the Taiwanese Economy, Logistics and Global Trade
2. To conduct research on business opportunities in Taiwan
3. To explore the Taiwanese trade relations with the student's country
4. To learn about Taiwanese Trade Agreements
5. To examine the profile of the Taiwanese companies
6. To develop a business plan for the Taiwanese market

The Subject “Foreign Trade, Logistics and Business in Taiwan (Republic of China)” is included within the curriculum of the following academic programs at EENI Global Business School:

Course: Taoism, Confucianism & Business.

Masters: International Business, Foreign Trade.

Doctorate: World Trade.

Masters adapted to Taiwanese Students.

Languages: (or Taiwán Taïwan).

1. Subject Credits “Doing Business in Taiwan”: 2

Taiwanese Preferential Access and Trade Agreements:

1. Taiwan and the Buddhist Economic Area / Sinic Civilization
2. APEC
3. Panama-Taiwan Agreement
4. Guatemala-Taiwan Agreement
5. El Salvador-Honduras-Taiwan Agreement
6. Nicaragua-Taiwan Agreement
7. China-Taiwan Economic Cooperation Framework Agreement
8. New Zealand-Taiwan Agreement
9. Singapore-Taiwan Agreement
10. SICA (observer)
11. Trans-Pacific Partnership (CPTPP) - Candidate Country

1. World Trade Organization (WTO)
   1. Agreement on Trade in Services (GATS)
   2. Agreement on Sanitary Measures
   3. Agreement on Technical Barriers to Trade
   4. Agreement on Preshipment Inspection
   5. Agreement on Safeguards
   6. Trade Facilitation Agreement
2. Is not a member of the
   1. BIC
   2. Chicago Convention (ICAO)
   3. International Maritime Organization (IMO)
   4. World Customs Organization (WCO)
      1. Kyoto Convention

1. Asian Development Bank
2. Africa-Asia Partnership

1. United Nations
2. World Bank
3. World Trade Organization (WTO)
4. International Monetary Fund
5. Pacific Economic Cooperation Council
6. Organization for Economic Cooperation and Development (OECD)

Taiwan (Republic of China).

1. Taiwanese Population: 23 million people
2. Capital of Taiwan: Taipei
3. The official language of Taiwan is Mandarin Chinese
4. Taiwanese Area: 36,200 km²
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 Buddhist Civilization / Sinic Civilization

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.

1. Small and medium-sized enterprises (98% of all the Taiwanese enterprises) play a fundamental role in the Taiwanese economy
2. The Taiwanese manufacturing sector represents 25% of GDP
3. Top manufactured goods of Taiwan are IC chips, LCD panels, semiconductors, electronic components, mechanical and electrical appliances, textiles, plastics, petrochemical products, electrical machinery, precision instruments, iron, and steel
4. The Republic of China (Taiwan ROC) has strong competitive advantages in the Information and Technology manufacturing industry. Taiwan is the second largest IT hardware manufacturing nation in the World
5. Enterprises from Taiwan are the main computer monitors suppliers in the World and leaders in PC production
6. Textile and apparel production is still a major export sector of Taiwan (200,000 workers)
7. The Taiwanese services sector represent 69% of GDP
8. Top service activities in China (Taiwan ROC) are wholesale and retail (19% of GDP), property (real estate) and leasing, financial services and insurance, transport, and information and communications providers
9. 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 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 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 bilateral trade and economy and to reduce 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 FDI stock).

Foreign Direct Investment in Taiwan.

Taiwan offers some advantages to 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 Foreign Direct Investment 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. Civil Aviation and automotive
8. Biomedical and pharmaceutical products