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OUTLINE. Taiwan at a Glance. 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)
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Taiwan at a Glance 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’s Global Competitiveness • World Economic Forum (WEF) • Global Competitiveness Report 2012~2013 (among 144 economies) • 1st in “Inflation, annual % change” under Macroeconomic environment • 1stin “State of cluster development” under Business sophistication • 1stin “Fixed Telephone Lines” under Infrastructure Category • The TECH 100, 20118 Taiwanese Companies Listed (US 43; Japan 11; China 8; Brazil 6; India 6) • 3rd in the world; 2ndin 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) • The Economist Intelligence Unit (EIU) • 2009-2013 Innovation Ranking • 6th in the world (among 82 countries); 2nd in Asia
2012 Taiwan’s Top Global Brands Total value for Top 20 brands amounted to US$12.41 billion in 2012. Log on: www.brandingtaiwan.org 6
High-end Agriculture Intelligent Electric Vehicle Cloud Computing Four Emerging Intelligent Industries Culture & Creation Six Emerging Industries Int’l Medical Care Int’l Cuisine Conventions & Exhibitions Education Ten Key Service Industries Music & Digital Content Intelligent Green Building Patent Industrializa-tion Chinese E-commerce Green Energy International Logistics Urban Renewal Taiwan’s Government Industry Focus Healthcare Biotech Tourism WiMax Healthcare Finance
Taiwan: The Gateway Strategic Location China TAIWAN
Taiwan as the Ideal Air & Sea Transit Hub Direct air andsea links with China: ■Direct flying destinations: 41 ■Direct flights: 558/week ■Cargo charter flights: 48/week ■Sea transport: 12 harbors in Taiwan, 70 harbors in China Direct air links with: ■12 cities in Europe ■32 cities in Asia ■13 cities in North America Beijing Seoul Tokyo 3:30 2:20 Shanghai 1:40 3:00 1:40 Taiwan offers the shortest average flying time to major Western Pacific cities: 2 hours and 42 minutes Hong Kong
Economic Cooperation Framework Agreement (ECFA) • Advantages Gained under ECFA • Import tariff preferences on cross-strait trade • Opening of direct cross-straits postal, communications, and transportation links facilities flow of goods and personnel. • Taiwan competitive Advantages • Increased intellectual property rights protection for Taiwan. • Government subsidy incentives for establishment of corporate R&D centers in Taiwan • Cross-strait Economic Cooperation Framework Agreement (ECFA) Signed on June 29, 2010
Why Choose Taiwan Strong Presence in China China‘s Top 10 Exporters in 2012 Source: General Administration of Customs, P.R.O.C. Unit: US$ million
Taiwan+Florida 38thlargest trade partner with Florida Total Trade with Taiwan USD$ 594.9 million
TaiTRA • 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.
Statement of Intent The U.S. National Export InitiativeTaiwan Pacific Bridge InitiativeStatement of Intent by the U.S. Department of Commerce International Trade AdministrationU.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. Exchange of information and cooperation regarding potential cases and inquiries
Business Matchmaking Services • 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 Alliance Services http://investtaiwan.nat.gov.tw/index.html
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
US-Sourcing Taiwan • The tentative schedule August 7th: • Opening Ceremonies (09:00-10:00 am) • ProcurementPresentations (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.
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
What can TaiTRA do for you? Questions? We have answers!