Taiwan is seen as a high-income economy and emerging financial market; it’s at the forefront of the world in producing high tech products. Levels of unemployment and inflation are low and the trade surplus is substantial; with foreign reserves are the world’s fourth largest. The contribution of agriculture to GDP is now down to less than 10% in the last over 50 years. Taiwan is an island and borders China, Philippines and Japan China by sea.
Trade is set to grow due to the agreement that was recently signed, the Economic Cooperation Framework Agreement with China.
Exporting to Taiwan? Contact our local experts
Importing from Taiwan? Contact our local experts