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TAIWAN BUSINESS GATEWAY
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Taiwan Trade Network
A Powerful Trading Partner

Taiwan has transformed itself from an agricultural island into an economic power and a creditor economy, one that holds one of the world's largest foreign exchange reserves in the world. Taiwan is currently the world's 14th largest trading economy. The Taiwanese economy continues to expand at very healthy rates (GDP growth for 2004 reached six percent). Unemployment is about four percent and inflation is low. The population also enjoys average annual incomes in terms of purchasing power parity (PPP) equal to $25,300.
Taiwan Trade
Zig Zag Links
 

Trade between Taiwan and mainland China is at near-record levels, just one encouraging sign of further rapprochement from both Taipei and Beijing. Nonetheless, there may be a few clouds on the horizon to darken the prospects of even closer...

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Notable Exports
 

The bulk of Taiwanese exports are IT-related and account for about half of the country's GDP, so a rise in exports is a major boost to the economy as a whole, which grew 6.9% in the third quarter of...

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Trade on the Up
 

July was a historic month for trade in Taiwan with exports hitting all-time highs.

Customs statistics from the ministry of finance showed that in the first seven months of the year, exports amounted to $135.1bn, up 7.6% year-on-year, with...

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Medical Equipment Growth
 

Taiwan's non-profit research and development organisation, the Industrial Technology Research Institute (ITRI), reported on June 2 that medical equipment exports increased 10% in the first quarter of this year compared to the same period last year for a total...

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$100 Laptops
 

Quanta Computers announced it would start production of the low cost laptop for the One Laptop Per Child (OLPC) project in September and that 3m would be made in the first round of production, with the majority of components...

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Tools for economic growth
 

President Chen Shui-bian recently announced at a machine tool trade show that the government would promote the industry in Taiwan with the aim of creating a mega sector with a targeted production value of $33.27bn by 2009. He said...

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