Taiwan Business Guide - Management and Business Studies Portal
Taiwan Business Guide - Management and Business Studies Portal
Taiwan Business Guide - Management and Business Studies Portal
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Market strengths<br />
These are the essential facts that companies doing business in <strong>Taiwan</strong> need to know:<br />
• <strong>Taiwan</strong> is the world’s biggest manufacturer of computer-related products <strong>and</strong><br />
semiconductors.<br />
• The World Economic Forum ranks <strong>Taiwan</strong> eighth in the world for R&D <strong>and</strong><br />
13th (of 133 economies) for global competitiveness.<br />
• <strong>Taiwan</strong>’s economy grew by 10.8 per cent in 2010 – the strongest annual growth<br />
for more than 20 years.<br />
• <strong>Taiwan</strong> is strategically located at the heart of the Asia Pacific, around 90 miles<br />
off the coast of mainl<strong>and</strong> China <strong>and</strong> within easy reach of all major ASEAN<br />
commercial centres.<br />
• Since joining the World Trade Organisation in 2002, <strong>Taiwan</strong> has opened up its<br />
domestic market to international investment.<br />
• <strong>Taiwan</strong> has a strong trade <strong>and</strong> investment relationship with the UK – only two other<br />
European countries export more to <strong>Taiwan</strong> than the UK. Imports to the UK from<br />
<strong>Taiwan</strong> were worth some £2.9 billion in 2010.<br />
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