Doing Business in Taiwan Guides. Asia. Learn from the Taiwan Small Business Ideas and Opportunities – a short guide for entrepreneurs. And get information about Taiwan Franchise & Business Opportunities and other small business and SME entrepreneurship news. Taiwan welcomes foreign business investors, especially those with a high-tech focus. In the last 50 years, Taiwan has transformed itself from an agrarian economy to one of the world’s leading producers of mass-manufactured goods. Agriculture now accounts for just 2% of gross domestic product (GDP). Taiwan (formerly Formosa) is a member of the World Trade Organisation (WTO) and the Asia-Pacific Economic Cooperation (APEC) forum.Taiwan’s economy is highly dependent on international trade and exports. Taiwan is located in the East China Sea some 100 miles from the Chinese mainland.
Doing Business in Taiwan Guide
Taiwan exports to emerging markets, especially in East Asia, will continue to increase while exports to advanced economies are expected to remain flat. Local private consumption has remained flat due to stagnant or declining wages. Real estate sales in several areas, especially the southern city of Kaohsiung, are showing significant growth. Improved economic ties with mainland China are expected to ease current cross-Strait and investment restrictions and encourage more foreign investments in Taiwan. With a population of 23 million, Taiwan is a thriving democracy, vibrant market economy, and a highly attractive export market, especially for U.S. firms. In 2014, Taiwan was ranked as the United States’ 10th-largest trading partner in goods, placing it ahead of markets such as India and Italy. Learn more from Taiwan Business Guide provided by ExportGov from the US Government.