Tuesday, February 5, 2013

Foreign Trade and Business in Taiwan

Course summary (Foreign Trade and Business in Taiwan 

Business in Taipei Taiwan. Four Asian Tigers. Electronics, IT, textiles, Semikonduktors, Food, Automobiles, Biotechnology, Drug
Taiwan is one of the most dynamic economies in the world:
- The 17th largest economy in the world global,
- Exporter largest-14
- The 16th largest importer,
- The third largest holder of foreign reserves.
- One of Asia "Four Tigers", along with South Korea, Singapore and Hong Kong

Lack of natural resources and a relatively small domestic market has made Taiwan dependent on foreign trade, which is more than 80% of the GNP.
Services accounted for 68.59% of GDP. The key players in this sector includes wholesale and retail operations (18.49% of GDP), real estate and leasing business (9.08%), financial services and insurance (6.35%), transport and storage (3.10% ), and providers of information and communication (3.67%).

manufacturing accounted for 24.78% of GDP. Essential manufactured goods including IC chips, LCD panels, semiconductors and other electronic components, precision instruments, electrical machinery, mechanical and electrical equipment, textiles, plastics and other petrochemical products, and iron and steel. Taiwan has a competitive advantage in the IT manufacturing industry, it is the second largest IT hardware manufacturing country in the world.
Small and medium enterprises, accounting for nearly 98 percent of all enterprises in Taiwan, plays an important role in the economy of the nation.
Taiwan is located in the heart of the Asia-Pacific region, which puts it in an advantageous position to use the global production resources and markets.

The Taiwanese company the world's largest supplier of computer monitors and leaders in PC manufacturing, final assembly though now many of these products are going abroad, usually in China. Textile and apparel production continues to move to lower-cost overseas locations, but it is still a major sector of industrial exports and employs about 200,000 people.

The United States, Hong Kong and Japan is a buyer for Taiwan products, accounting for 53.3% of total exports. exports of primary products include electrical machinery, mechanical equipment, plastics, textiles and iron and steel.
Taiwan offers a number of advantages for multinational companies and investors over other countries in Asia. As Taiwan's economy has shifted from labor-intensive industries to knowledge-based industries and capital intensive, there are many new investment opportunities in Taiwan. In fact, some of the world's leading high-tech industries are located in Taiwan, and some major industries for potential investments include:
- Semi Conductors
- Opto-Electronics
- Precision Machinery and Instrumentation
- Metal
- Computer and Communication Tools
- Electrical Products
- Aviation and Automotive
- Biomedical and Pharmaceutical
Examples of Foreign Trade and Business in Taiwan:
business in Taiwan
HTC Corp, produces powerful handsets that continues to push the boundaries of innovation to anggotaikan true freedom of movement. Founded in 1997 by Cher Wang, Chairperson, 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 operator-branded devices on the market are the most popular. The company has 8948 employees (31/03/2010). HTC is headquartered in Taiwan. Sales and service centers in Europe, America and Asia ensure their ability to service clients and increase customer relationship Looking for New Media. HTC to maintain a presence in all major markets, including the United States, Britain, Germany, Russia, Singapore, Thailand, Philippines, Indonesia, India, Malaysia, Australia, United Arab Emirates (UAE) and Brazil.
Acer Group is a family of four brands : Acer, Gateway, Packard Bell and eMachines. Multi-brand strategy that uniquely 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 U.S. $ 17.9 billion.
On June 29, 2010, Taiwan and mainland China signed the Economic Cooperation Framework JTI (ECFA) to strengthen trade and economic integrity and to effectively reduce the political risk between Taiwan and the mainland for the implementation and anggotasihkan foreign investors' concerns about the uncertainty of cross-strait relations. Taiwan official statistics show that Taiwan companies have invested about $ 84400000000 in China by the end of 2009, more than half of foreign direct investment in Taiwan stocks.
Doing Business, Taiwan, Taiwanese, economy, foreign trade, import, export business in Taiwan, province, China, the world, the Four Tigers, Asia, Business Opportunities 
 source : id.reingex  

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