1. 2 taiwan’s economy the taiwan advantage taitra our services outline
TRANSCRIPT
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Population: 23 Million; roughly 4 million more residents than Florida
Size: 36,190 Sq. Km
Foreign Trade: Total: US$571.8 Billion (2012)17th largest trade economy worldwide Export: US$301.1 Billion (2012)Import: US$270.7 Billion (2012)
Foreign Exchange Reserves: US$408.5 Billion (2012) 6th in the World
Main exports: electronics; flat panels; metals; textiles, plastics, chemicals; optical, photographic, measuring, and medical instruments
Main imports: electronics, machinery, crude petroleum, precision instruments, organic chemicals, and metals
Taiwan at a Glance
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World Economic Forum (WEF)Global Competitiveness Report 2012~2013 (among 144 economies)• 1st in “Inflation, annual % change ” under Macroeconomic environment • 1st in “State of cluster development ” under Business sophistication • 1st in “Fixed Telephone Lines” under Infrastructure CategoryThe TECH 100, 2011
8 Taiwanese Companies Listed (US 43; Japan 11; China 8; Brazil 6; India 6)• 3rd in the world; 2nd in Asia
Business Environment Risk Intelligence (BERI) Investment Environment Risk Assessment Report 2012• 4th in Profit Opportunity Recommendation (among 50 countries); 2nd in Asia
International Institute for Management (IMD)The World Competitiveness Scoreboard 2012• 4TH in Business Efficiency (among 59 countries)
Taiwan’s Global Competitiveness
The Economist Intelligence Unit (EIU)2009-2013 Innovation Ranking• 6th in the world (among 82 countries); 2nd in Asia
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Taiwan’s Top Global Brands Total value for Top 20 brands amounted to US$12.41 billion in 2012.
2012
Log on: www.brandingtaiwan.org
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Six Emerging Industries
High-end Agriculture
Culture & Creation
HealthcareGreen Energy
Tourism
Biotech
Healthcare
Ten KeyService Industries
Int’l Cuisine
Urban Renewal
Education
Chinese E-commerce
WiMax
Finance
Int’l Medical Care
Music & Digital Content
Conventions &
Exhibitions
International Logistics
Four EmergingIntelligent Industries
Cloud Computing
Patent Industrializa-
tion
Intelligent Green Building
Intelligent Electric Vehicle
Taiwan’s Government Industry Focus
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Taiwan as the Ideal Air & Sea Transit Hub
Beijing
SeoulTokyo
Hong Kong
3:30
1:40
3:00
2:20
1:40
Shanghai
Taiwan offers the shortest average flying time to major Western Pacific cities:2 hours and 42 minutes
Direct air and sea links with China:■Direct flying destinations: 41■Direct flights: 558/week ■Cargo charter flights: 48/week ■Sea transport: 12 harbors in Taiwan, 70 harbors in China
Direct air links with:■12 cities in Europe■32 cities in Asia■13 cities in North America
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Advantages Gained under ECFA Import tariff preferences on cross-
strait trade Opening of direct cross-straits postal,
communications, and transportation links facilities flow of goods and personnel.
Taiwan competitive Advantages Increased intellectual property rights
protection for Taiwan. Government subsidy incentives for
establishment of corporate R&D centers in Taiwan
• Cross-strait Economic Cooperation Framework Agreement (ECFA) Signed on June 29, 2010
Economic Cooperation Framework Agreement (ECFA)
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Source: General Administration of Customs, P.R.O.C.
China‘s Top 10 Exporters in 2012
Why Choose Taiwan
Strong Presence in China
TOP Company Name Location Country Export Value
1 Dagong Computer Shanghai Taiwan (Quanta ) 28,267
2 Futaihua Industrial Shenzhen Taiwan (Hon Hai) 27,567
3 Hua Wei Technologies Shenzhen China 9,874
4 Changshuo Technology Shanghai Taiwan (ASUS) 8,899
5 Compal Information Technology Kunshan Taiwan (Compal) 8,862
6 Hongfujin Precision Industry Shenzhen Taiwan (Hon Hai) 7,576
7 Hongfujin Precision Electronics Chengdu Taiwan (Hon Hai) 7,499
8 Dongguan City Processing Dongguan China 6,921
9 Nokia Beijing Finland 6,760
10 Hongfujin Precision Electronics Yantai Taiwan (Hon Hai) 6,019
Unit: US$ million
38th largest trade partner with Florida
Total Trade with TaiwanUSD$ 594.9 million
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Taiwan + Florida
•Founded in 1970 •Globally recognized as Taiwan’s foremost non-profit trade promotion organization.•Organize various governmental and private trade promotion initiatives•International exhibitions and conventions•Strong marketing network with 58 overseas offices around the world.
TAITRA
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The U.S. National Export InitiativeTaiwan Pacific Bridge Initiative
Statement of Intent by the
U.S. Department of Commerce International Trade Administration
U.S. and Foreign Commercial Service (USFCS)
and The Taiwan External trade Development
Council (TAITRA)
Target Sectors:
• Renewable energy• Water resource
• Travel and Tourism Services• Information and Communication
Technologies • Publishing Services
• Education and Training Services• Healthcare
• Medical• Biotechnology.
Statement of Intent
Exchange of information and cooperation regarding potential cases and inquiries
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• Organize meetings with suppliers• Efficient and effective vendor/partner selection process• Assist foreign businesses in establishing a wider
presence in Taiwan• Sponsor air ticket and hotel accommodations for foreign
companies
Business Matchmaking Services
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Explore business opportunities, insights, investment trade and counseling services to fast track your business with Taiwan.
Benefit from a sound legal framework and comprehensive IP protection.
Benefit from a well-established logistics and communications infrastructure.
Benefit from the language, cultural, and geographical similarities Taiwan shares with China.
Business Alliance Services
http://investtaiwan.nat.gov.tw/index.html
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Attend and Exhibit in Multiple Taiwan International Trade Shows
Preferential pricing available to exhibit as part of the American Institute in Taiwan (AIT) coordinated USA
pavilions
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US-SOURCING TAIWAN
The tentative schedule August 7th:
• Opening Ceremonies (09:00-10:00 am) • Procurement Presentations (10:00-12:00 pm)
• One-on-One procurement meetings (03:00-05:00 pm)
Having made great strides in developing its economy over the years, Taiwan has now become one of the leading suppliers of technologically advanced products in the global market. It is
home to key suppliers of products such as machinery, auto parts, fasteners, garments and accessories, computers, electronics,
photovoltaic applications, green energy products, and biotechnology.
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TAIWAN(ROC) AND ST. KITTS & NEVIS TRADE SHOW 2013
Event: Taiwan(ROC) and St. Kitts & Nevis Trade Show 2013
Date: June 26-27, 2013
Trade Delegation: June 25-28, 2013
Location: Royal St. Kitts Hotel
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WHAT CAN TAITRA DO FOR YOU?
Contact Us: Taiwan Trade Center Miami
5301 Blue Lagoon Drive, Ste. 150Miami, FL, 33126
Tel: 305.266.9191Fax: 305.266.8787
http://miami.taiwantrade.com.tw
Questions? We have answers!