The objectives of the subject “International Trade, Logistics and Business in Taiwan (Republic of China)” are the following:
To analyze the Taiwanese Economy, Logistics and Global Trade
To identify business opportunities in Taiwan
To explore the Taiwanese trade relations with the student's country
To know the Taiwanese Trade Agreements
To examine the profile of the Taiwanese companies
To develop a business plan for the Taiwanese market
The Subject “Foreign Trade, Logistics and Business in Taiwan (Republic of China)” belongs to the following Online Programs taught by EENI Global Business School:
Taiwan belongs to the 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.
Taiwan is one of the most dynamic economies in the World:
Taiwan is the 17th world's largest economy
14th largest exporter
16th largest importer
Taiwan is the third largest holder of the foreign exchange reserves
Small and medium-sized companies (98% of all the Taiwanese companies) play a fundamental role in the Taiwanese economy
The Taiwanese manufacturing sector represents 25% of the GDP
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
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
Enterprises from Taiwan are the main computer monitors suppliers in the World and leaders in PC production
Textile and apparel production is still a major export sector of Taiwan (200,000 workers)
The Taiwanese services sector represent 69% of the GDP
Top service activities in China (Taiwan ROC) are wholesale and retail (19% of the GDP), property (real estate) and leasing, financial services and insurance, transport, and information and communications providers
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).
Taiwan is the fifteenth largest exporter in the World
Top export products of Taiwan: electrical machinery, mechanical appliances, plastics, textiles, and iron and steel
Top
export markets of Taiwan: The U.S., Hong Kong, and Japan (53.3% of the total exports)
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 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 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 the foreign direct investment in Taiwan. In fact, some key high-tech industries in the World are in Taiwan.