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CIECA News Letter

No. 17 / October, 2013

Index

 Headline News ...... P.2  ANZTEC greenlighted by ROC Legislature  IC output to exceed NT$2 tril. in '14: experts  Special Report ...... P.3  Gambia withdraws from ‘neocolonial’ Commonwealth  delegation inks MoU with KCCI Bid to boost bilateral trade and development  and Europe to get Bosphorus rail as Marmaray opens  surges to 6th spot in World Doing Business report  Bilateral Meetings ...... P.9  The 10th -Taiwan Joint Business Council Meeting  Seminar on “ANZTEC Business Opportunities”

 The Croatian-Taiwanese Business Forum  The 20th Joint Business Council Meeting between VCCI and CIECA  The 38th Joint Conference of ROC-Korea and Korea-Taiwan Business Councils  The 27th Joint Conference of ROCABC and ATBC  The 12th Joint Meeting between CIECA and MNCCI  Guests From Abroad ...... P.21  Mr. İbrahim Deniz Gündüz, Board Member of Aegean Region

Chamber of Industry, EBSO, visited CIECA  Ms. Kristýna Křižanová, Adviser to the Deputy Minister of the Ministry of Industry and Trade of the Czech Republic, visited CIECA  Mr. Albert RAKIPI, Executive Director of Albanian Institute for International Studies, and his wife Mrs. Jerina ZALOSHNJ A, Journalist of Albanian World, visited CIECA  Mr. Oleg Lobov, Chairman and Mr. Vladimir Maslov, Secretary-General of Moscow- Economic and Cultural

Coordination Commission, called on Mr. C. Y. Wang, Chairman of CIECA  Economic News ...... P.23  Activity Repor t ...... P.27  An Outline of Republic of ’s Economics ...... P.31 1/36  2013 Conference Schedule of CIECA ...... P.34

Headline News 4.21 percent from the year before.

Based on an assessment by ANZTEC greenlighted by ROC Taipei City-based Chung-hua Legislature Institution for Economic , the The Agreement between New ANZTEC will help increase Taiwan’s Zealand and the Separate Customs by US$303 Territory of Taiwan, , million, with 6,255 jobs created. and Matsu on Economic Cooperation Annual combined output of the (ANZTEC) was passed by the ROC and services industries Legislature Oct. 29 in Taipei. is set to gain NT$35.6 billion (US$1.21 ANZTEC is the first economic billion). cooperation agreement Taiwan signed (October 30, 2013 Taiwan Today) with a non-ROC diplomatically and developed economy. IC output to exceed NT$2 tril. in '14: Signed July 10 this year after more experts than a year of negotiations, the The output value of the integrated ANZTEC is Taiwan’s first free trade circuit (IC) sector in 2014 is expected agreement since conclusion of the to exceed NT$2 trillion and grow Cross-Straits Economic Cooperation 10.2% year-on-year, much higher than Framework Agreement (ECFA) in the industry average of 4.7%, a local 2010. research center said yesterday. The ANZTEC offers great The Industrial Economics and benefits for Taiwan and Knowledge Center (IEK), under the as their economies are complimentary. Industrial Technology Research Taiwan’s major exports to New Zealand Institute ( 工 研 院 ), estimated that are petrochemicals, base metals, motor output value in the IC sector will reach parts and accessories, while its NT$2.07 trillion next year. imports from the Pacific nation The research center is especially comprise dairy and meat products, as optimistic about IC design's future, and well as fresh fruit and wood. Two-way forecast that its output value would trade hit US$1.21 billion in 2012, up reach NT$514.2 billion in 2014, which

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is a new record, and 8.5% growth and with the future of the Chinese year-on-year. market looking ever more promising, The IEK said that there will be IEK predicted that the IC design sector more and more “invisible champions” would only grow further. The IC to emerge in the field of IC design. sector's output value in 2014 is They will continue to explore more expected to hit a new record, IEK said. business opportunities, such as in the Taiwan's IC sector is expected to face Internet of Things expo in China and three challenges down the road, Yang mobile device development in the said. The first one is that annual future, the IEK added. revenue in the sector needs to reach at IEK made the prediction in the least NT$10 billion in order to reap the “2014 Industry Trend and Development benefits of an economy of scale. Conference” yesterday. Secondly and thirdly, gross profit ratio Ray Yang ( 楊 瑞 臨 ), an IC and net profit ratio need to surpass 30% research manager at the IEK, said that and 10%, respectively, in order to Taiwan's IC design is so advanced that compete effectively in the field. it can be applied to smartphone and The big players in the IC sector tablet production. IC shipment for mid- are withering in size, Yang pointed out. and low-end smartphones has also It is evidenced by the fact that the increased substantially. Local IC design revenues of the top 20 company have firms have also entered the supply dropped from 86 percent to 82.9% in chain of well-known global brands, the first three quarters. Mid- and gaining a foothold in the high-end small-sized firms are performing better market share. Compared to other global than heavyweights such as MediaTek industries, Taiwan's expertise in IC (聯發科) and Novatek (聯詠). design has improved, Yang said. (November 13, 2013, The China Post) According to IEK's research, the IC ------design sector is expected to produce an Special Report output value of NT$473.9 billion in Gambia withdraws from 2013, a 15.2% growth year-on-year. ‘neocolonial’ Commonwealth As prices of smartphones go down Gambia, a diplomatic ally of 3/36

Taiwan, has withdrawn from the including a series of executions carried Commonwealth, the 54-member out last year. grouping including Britain and most of Mr Jammeh’s government has its former colonies, branding it a been accused by human rights groups "neocolonial institution", according to a of persecuting its political opponents statement released by the West African and homosexuals. nation on Wednesday. In a speech before the United "The government has withdrawn Nations General Assembly last week, its membership of the British Mr Jammeh called homosexuality a Commonwealth and decided that the threat to human existence and criticised Gambia will never be a member of any other countries for regarding it as a neocolonial institution and will never human right. be a party to any institution that (Note: Gambia severed diplomatic ties with Taiwan on Nov. 14 without elaboration; represents an extension of colonialism," Taiwan officially ended diplomatic read a statement broadcast on state relationship with Gambia on Nov. 17) television. (October 3, 2013 Reuters) Gambia joined the commonwealth in 1965. A sliver of a country Taiwan delegation inks MoU with surrounded by Senegal, Gambia is a KCCI Bid to boost bilateral trade popular destination for European and development sun-seekers, many of them British, with A trade delegation of 40 its tropical climate and white beaches. Taiwanese companies led by the There is a history of bad blood Taiwan External Trade Development between President Yahya Jammeh, who Council (TAITRA) visited Kuwait to came to power in a 1994 coup, and the facilitate business cooperation and country’s former colonial master. enhance trade between the two Mr Jammeh accused Britain of countries. Kuwait is the first leg of a backing Gambia’s political opposition five-country tour of the GCC that ahead of 2011 elections, while Britain includes Jordan, Bahrain, Qatar and has criticised the Gambian government Iraq. At the Sheraton Hotel, a for its poor human rights record, Memorandum of Understanding was 4/36

signed during the opening ceremony pointed out by the Kuwaiti counterparts between the Chinese International that Taiwanese companies needed to Economic Cooperation Association market their products better in Kuwait (CIECA) of Taiwan and the Kuwait in order to witness a surge in numbers. Chamber of Commerce and Industry TAITRA officials pointed out that (KCCI) with the aim of strengthening Taiwan was now considered a bilateral trade and investment relations technologically advanced and facilitating technical and economic manufacturing powerhouse on account cooperation between the two countries. of the great strides made in The MoU, co-signed by Khalid strengthening its industries. Also, in the Mishary Al Khalid, Board Member of latest global competitiveness index KCCI and Chung Yu Wang, Chairman 2013-14 rankings by the World of CIECA in the presence of other Economic Forum, Taiwan ranked 12th senior officials, will entail the among the 148 economies surveyed and establishment of mutually beneficial 4th among Asian nations. TAITRA has business contacts, arranging reciprocal arranged a series of trade meetings to trade and market research missions, give local buyers a valuable platform to exchanging related information and discuss business with the participating eliminating trade obstacles. Trade Taiwanese companies and choose from between Kuwait and Taiwan has seen a wide range of products that some growth; in 1989, the total trade encompasses power and electrical between the countries stood at $573 machinery and equipment, consumer million in value and as of the end of and electrical products, 2012, trade volume has extended to hardware and building materials, auto $8.8 billion. Shih-Chao Cho, parts and accessories, household Vice-Minister of the Ministry of appliances as well as medical and Economic Affairs in Taiwan shared that healthcare products, agro products and the bilateral trade between Taiwan and seafood, chemical products and packing Kuwait made up only 1.5 percent of materials, art and novelty items. Taiwan’s total external trade and so had TAITRA opened its Kuwait office ample room for growth. It was earlier this year which serves as a

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channel for Taiwanese companies and were submitted by French, British Kuwaiti consumers to work together, and American architects under Hui-Li Chiu, Executive Director of Abdülhamid II in 1891. But first TAITRA informed. It also assists the technological, then financial difficulties Kuwaiti enterprise in exploring the prevented the project from coming to many business opportunities in Taiwan. fruition until the late 1990s, when the (October 23, 2013 Arab Times) first feasibility studies were started. The work actually started under Asia and Europe to get Bosphorus Erdoğan’s government in 2005. rail link as Marmaray opens The Marmaray will provide a The much-anticipated Marmaray non-stop railway route will cost a total of around 9.3 billion connecting China to Western European Turkish Liras. Photo courtesy of the markets and vice versa as a modern day Ministry of Transportation . As an indication of hopes The European and Asian sides of about the increasing regional trade, Istanbul are to be connected for the first Romanian Prime Minister Victor Ponta time with a railway tunnel constructed and a number of transportation and under the Bosphorus, officially opened trade ministers are expected to attend on Oct. 29, the 90th anniversary of the the opening ceremony, to which all top foundation of the Turkish Republic. Turkish officials from President Abdullah Gül to Parliamentary A Turkish-Japanese consortium Speaker Cemil Ç içek will be present as has realized the project, called the it is planned to be the event of this Marmaray, fulfilling a 150-year-old year’s Republic Day. dream. The construction of the world’s Before a press tour between the deepest submerged underwater railway European and Asian sides of Istanbul tunnel (62 meters at its deepest point) prior to its official opening, Turkish was supposed to be completed in 2009. Transportation Minister Binali Yıldırım But as engineers started to dig, said it was first suggested by Ottoman incredible archaeological findings Sultan Abdülmecid and that projects

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started to surface, which proved that Recep Tayyip Erdoğan, Japanese Prime Istanbul’s history dated back 8,500 Minister Shinzo Abe and Romanian years, instead of 6,000 as it was used to Prime Minister Victor Ponta are be known before the Marmaray. That expected to attend the opening delayed the project for nearly four ceremony that will also celebrate the years. foundation of the Turkish Republic 90 years ago. Answering criticism about whether or not it was risky to construct A number of transportation civil such a crossing in a major earthquake servants coming from several European zone, Yıldırım said the design would be and Caucasian countries will also be resistant to more than a 9.0-magnitude present at the ceremony, in order to quake and would be “the safest place in witness the opening of the first of Istanbul.” ’s several planned mega projects. Yıldırım said that with its maximum capacity of 1.5 million The railway system project, which passengers a day, the Marmaray was is currently acknowledged among the expected to alleviate 20 percent of the major transportation projects of the 14 million-person city’s traffic burden. world, will measure approximately 76 kilometers in total. He said another underwater crossing construction, only for cars, It is expected to transport around was under construction, to be in service one million people per day by by 2015. That is the year when the connecting the continents in four construction of the third suspension minutes. bridge over the Bosphorus is also Much-anticipated mega project expected to be completed, to increase that is expected to cost around 9.3 the total number of connections billion Turkish Liras ($4.5 billion) after between the European and Asian sides completion of all stages has been of the city to five. promoted to be an effective remedy to In addition to Turkish President Istanbul’s chronic traffic congestion Abdullah Gül and Prime Minister problem at Bosporus. 7/36

The 13.6-kilometer tunnel, underground stations, 37 surface including a 1.4-kilometer immersed stations (renovation and upgrading), tube tunnel, is the deepest of its kind in operations control center, yards, the world at 60 meters. workshops, maintenance facilities, upgrades of existing tracks including a At the first stage, only tunnel’s new third track, new electrical and only one section, the one between mechanical systems and modern Kazlıçeşme station on the European railway . side and the Ayrılıkçeşme station on the Asian side, will begin to operate. Reliefs inspired by the pieces belonging to the Neolithic, Byzantine Trains are scheduled to leave from and Ottoman periods will cover the Kazlıçeşme to reach Söğütlüçeşme on stations’ entrances and interiors. the Anatolian side after hauling out of Besides, the remains of a shipwreck the sea at Ayrılıkçeşme station, dating to the 4th to 5th centuries, covering almost 13.5 kilometers. catalogued by archaeologists as “Lagan Two different lines of speed trains number 12,” will also be exhibited in will soon be joined into the Marmaray the art board at Yenikapi Station. route, rounding up to a massive The biggest obstacle to the 63-kilometer transportation network project’s completion has been the through the city. Over 13,000 meters of discovery of 40,000 artifacts at tunnels are included in the project. Yenikapı. These artifacts were removed The project, which will increase with the assistance of the the share of railways within Istanbul’s Transportation Ministry and other state intra-city transportation, will also have authorities, but were then a connection with the Istanbul-Ankara controversially stored in depots due to speed rail route. budget constraints.

The structures and systems These pieces will be exhibited in include the immersed tube tunnel, the museum to be established in the bored tunnels, cut-and-cover tunnels, Yenikapi Hundred Islands area named at-grade structures, three new Arkeopark.

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The questions over safety of the transformation programmes," Mustapa tunnel has been also raised but the said in a statement Tuesday. Transportation Minister slammed these He said Malaysia achieved first voices and said the tunnel ran parallel position in Getting Credit and fourth in to the seismic fault line in the Marmara Protecting Investors six years in a row. Sea, which reduces risks. In the area of Trading Across (October 28, 2013 Hürriyet Daily Borders, Malaysia made a breakthrough News) to fifth position.

Other significant improvements Malaysia surges to 6th spot in World made were in the areas of "starting a Bank Doing Business report business", "“dealing with construction Malaysia has surged to the sixth permits", "enforcing contracts", position among 189 economies in the "resolving insolvency", and "getting latest Doing Business 2014 electricity". report, putting it ahead of economies such as , , the Mustapa said the World Bank United Kingdom, and further acknowledged that Malaysia Finland. was among the economies that International Trade and Industry improved the most across three or more Minister Datuk Seri Mustapa Mohamed doing business areas. said Malaysia achieved this well ahead (Note: Taiwan’s Ease of Doing Business (EoDB) in 2014 ranked 16th worldwide, the of its target to be among the top 10 by same as 2013.) 2015. Last year, Malaysia was ranked (October 29, 2013 The Star Online) 12th.

"Soon after Prime Minister Datuk ------Seri Najib Tun Razak assumed office, Bilateral Meetings Malaysia was in 23rd place. The rise to sixth place is testament to his The 10th Hungary-Taiwan Joint stewardship and a result of the Business Council Meeting economic and government The 10th Hungary-Taiwan Joint

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Business Council Meeting was held on agrarian economy to a hi-tech one. Mr. October 9th, 2013 in Budapest, Geza Vass, Senior Counselor from Hungary, co-chaired by Mr. Péter National Innovation Office, in his Spányik, Director of International presentation on “Innovation in Relations Directorate in Hungarian Hungary”, explained the science and Investment and Trade Agency(HITA) technology cooperation prospects and Mr. Fred P. C. Huang, Vice between the two countries. Mr. Daw Chairman of CIECA. A total of 50 Ma, Associate Research Fellow from participants from Taiwan and Hungary Chung-Hua Institution for Economic attended the meeting. Various issues, Research used electric cars, LED and namely ICT, Machinery, Hospitality as examples to illustrate Industry, Food and Beverage, Logistics the “Sustainable Competitiveness of the and Energy, were discussed. Green Industries in Taiwan”. The meeting began with the The plenary session ended with opening remarks by Mr. Fred Huang, Mr. Peter Spanik and Mr. Fred Huang followed by the greeting by Mr. signing a joint statement, agreeing to Gyorgy Kerekes, Vice President of hold the 11th Taiwan-Hungary Joint HITA. Ambassador Ms. Marietta Kao Business Council Meeting next year in Liao was invited to deliver a keynote Taipei. Participants from the two sides speech. then proceeded to the Business Ms. Eszter Varga, Head of Matching. Department of the Investment In addition to attending the JBC Promotion Directorate, presented the meeting, Taiwan delegation visited “Hungarian Investment Environment”. some local companies, namely Konsys, Mr. Bill J.D. Cherng, Senior Specialist Prolan Smart Energy, Evopro Group, from Department of International Inwatech Kornyezetvedelmi and Laser Cooperation, Ministry of Economic Consult, to explore more cooperation Affairs, delivered a presentation on the opportunities. “Economy of Taiwan”, in which he gave a brief summary of the transformation of Taiwan from an

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Ms. Marietta Kao Liau, Ambassador, Taipei Representative Office in Hungary, speaks at Chairmen from both sides exchange joint the opening ceremony. statements.

Seminar on “ANZTEC Business Opportunities” In order to help Taiwan businesses to better understand the new business opportunities in the Taiwan and New Zealand markets arising from the signing of the Agreement between New Zealand and Separate Customs Greeting by Mr. György Kerekes, Vice President of HITA. Territory of Taiwan, Penghu, Kinmen, and Matsu on Economic Cooperation (ANZTEC), CIECA and New Zealand Commerce & Industry Office jointly organized a seminar on “ANZTEC Business Opportunities” in the afternoon of October 9, 2013 at Taipei

International Convention Center. The

seminar was chaired by Mr. Chao-Yih

Ms. Eszter Varga, Head of Department of the Chen, Chairman of ROC-New Zealand Investment Promotion Directorate, introduces Business Council and was attended by investment opportunities and incentives in Hungary. more than 40 representatives from different sectors. Among the VIP 11/36

guests were Mr. Chen-Fu Wang, Chief of Secretary of Bureau of Foreign Trade of Ministry of Economic Affairs and Mr. Stephen Payton, Director of New Zealand Commerce & Industry Office, who delivered special remarks at the opening ceremony. Ms. Kristy Hsu, Associate Mr. Chao-Yih Chen, Chairman of ROC-New Research Fellow of Chung-Hua Zealand Business Council delivers his welcome remarks at the seminar on Institution for Economic Research; Mr. “ANZTEC Business Opportunities”. Kao, Chairman of I-Mei Foods Co. Ltd.; Ms. Serena Chui, Deputy The Croatian-Taiwanese Business Director of New Zealand Commerce & Forum Industry Office; and Mr. Liam Corkery, The Croatian-Taiwanese Business th Director of New Zealand Trade Forum was held on October 11 , 2013 Development Centre were also invited in Zagreb, , co-chaired by Ms. to speak and share their views at the Vesna Trnokop Tanta, Vice President of seminar. During the seminar, the Croatian Chamber of Economy and Mr. speakers pointed out that the signing of Fred P. C. Huang, Vice Chairman of ANZTEC will boost collaboration CIECA. A total of 50 participants from potentials between Taiwan and New Taiwan and Hungary attended this Zealand in the areas of agricultural meeting. Various issues, namely ICT, products, food, minerals, aquaculture, Machinery, Hospitality Industry, Food energy (geothermal energy), and Beverage, Logistics and Green , electronics, Energy, were discussed. , movies, tourism, and Mr. Lien-Gene Chen, Ambassador, education. Taipei Economic and Culture Office in Austria, was invited to deliver a keynote speech. Mr. Bill J.D. Cherng, Senior Specialist from Department of

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International Cooperation, Ministry of

Economic Affairs, delivered a presentation on the “Economy of Taiwan”, in which he gave a brief summary of the transformation of Taiwan from an agrarian economy to a hi-tech one. Ms. Svjetlana Momcilovic,

Assistant Managing Director of the Mr. Lien-Gene Chen, Ambassador, Taipei Investment Promotion Centre of CCE, Economic and Culture Office in Austria (left), speaks at the opening ceremony. introduced the advantages of investing in Croatia and the various incentives provided by the government to attract investors in her presentation on

“Economy of the Republic of Croatia and Investment Climate”.

After the plenary session, participants from two sides then proceeded to the Business Matching Greeting by Ms. Vesna Trnokop Tanta, Vice President of CCE. (front right) session to explore potential cooperation opportunities. In addition to attending the forum, Taiwan delegation visited some local companies, namely Inteco Robotics and Podravka, to explore more cooperation opportunities. Inteco Robotics, with 20 years of experience, provides applied robotic solutions for constructions in Ms. Svjetlana Momcilovic, Assistant extreme environments, while Podravka Managing Director of the Investment Promotion Centre of CCE, introduces the is one of the leading brands in food, advantages of investing in Croatia and the beverage and pharmaceuticals products incentives. in Eastern and Central Europe.

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The 20th Joint Business Council attend the meeting. Instead, the Meeting between VCCI and CIECA presentation was delivered by Mr. The 20th Joint Business Council Nguyen Van Tuan of VCCI). Meeting between VCCI and CIECA Mr. Jia-Fa Chen, Vice President, was held on October 15, 2013 in Ho Tan Thuan Corporation, made a Chi Minh City, . The meeting presentation on “Investment Projects in was co-chaired by Mr. Arthur Ting, Vietnam by Central Trading & Board Director and Vice Chairman of Development Corporation (CT&D).” Vietnam Committee of Chinese Mr. Michael Hsieh, Chief Strategy International Economic Cooperation Officer, Vedan Vietnam Enterprise Association (CIECA), and Mr. Hoang Corp., Ltd., made a presentation on Van Dung, First Executive Vice “Investment Experiences Sharing in President of Vietnam Chamber of Vietnam.” Commerce and Industry (VCCI). A After the plenary session, total of 90 participants from Taiwan participants from both sides attended and Vietnam attended the meeting. one-on-one business matching to Mr. C. Y. Wang, Chairman of explore opportunities for business CIECA, and Mr. Chih-Peng Huang, cooperation. Taiwan delegates also Representative of Taipei Economic and attended the Grand Opening Ceremony Cultural Office in Hanoi, Vietnam, of Sumikin Vietnam Joint were invited to make greetings at the Stock Company (CSVC) in the opening ceremony. Province of Ba Ria Vung Tau and At the plenary session, several visited Tan Tuan Processing Zone, experts from both sides were invited to Saigon South Development Project make presentations. Zone in Ho Chi Minh City, and Ms. Huynh Lien Phuong, Vice Taiwan businessmen’s factories in the Director, Danang Investment Province of Binh Duong. Promotion Center, made a presentation on “Investment Environment of Danang.” (Due to flight cancellation caused by the typhoon in the middle of Vietnam, Ms. Phuong was unable to 14/36

From left to right: Mr. C. Y. Wang, Chairman Grand Opening Ceremony of China Steel of CIECA; Mr. Chih-Peng Huang, Sumikin Vietnam Joint Stock Company Representative of Taipei Economic and (CSVC) on October 14, 2013 Cultural Office in Hanoi, Vietnam; Mr. Hoang Van Dung, First Executive Vice President of VCCI; Mr. Arthur Ting, Board Director and Vice Chairman of Vietnam Committee of CIECA.

The 38th Joint Conference of

ROC-Korea and Korea-Taiwan

Business Councils

The 38th Joint Conference of

ROC-Korea and Korea-Taiwan

The 20th Joint Business Council Meeting Business Councils was held on October between VCCI and CIECA on October 15, 23, 2013 in Seoul, Korea. The 2013 Meeting was co-chaired by Mr. Kwangjoo Choi, Chairman, Korea-Taiwan Business Council, FKI and Dr. Chih-Kang Wang, concurrently Chairman of ROC-Korea Business Council, CIECA and TAITRA. More than 80 participants from Taiwan and Korea attended the meeting. Mr.

Taiwan delegation posed for a group photo Kyunghwan Toh, Director General of when visiting the Saigon South Development Project Zone. Trade Cooperation Bureau, Ministry of Trade, Industry and Energy (MOTIE),

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Korea and Amb. Benjamin Liang, Line Plus Corporation. With 4 Representative, Taipei Mission in commenters, Mr. Kuo-Ruey Yen, Korea were invited to give special Deputy Director, Economic Division, address as guest of honor, which Taipei Mission in Korea; Dr. Joonho expressed the wishes to launch the Lee, Senior Research Fellow, Korea Feasibility Study between two Small Business Institute; Mr. Jason S. countries. W. Jung, Project Manager, Sam-il PwC The Plenary Session discussed 3 Consulting; and Mr. Joseph Jaewoo topics: Creative Economy & New Chung, Equity Analyst, Woori Business Opportunities in Korea, Investment & Securities, gave Lessons from Taiwan’s Experience presentations on relevant topics. Both Nurturing SMEs, and Cooperation in sides exchanged views and explored Service & Cultural Content Industry. future business cooperation. It was A total of 8 guest speakers from both agreed that the 39th Joint Conference Taiwan and Korea, namely Mr. Eom will be held in Taipei in 2014. Chi-sung, Deputy Secretary General of During the visit in Seoul, the ROC FKI; Mr. Park Jin-Taek, Director, delegation visited the newly-built FKI Korean Venture Capital Association Tower and Samsung d’light. They (KVCA); Dr. Shu-Yen Wu, Assistant also attended Dr. Chih-Kang Wang’s Research Fellow of International Honorary Doctoral Degree Conferring Division, Chung-Hua Institution for Ceremony at Hanyang University and Economic Research; Mr. Peter W.J. the celebration dinner hosted by Dr. Huang, President & CEO, TAITRA; Ms. Yong-Ki Baik, Chairman of Elina H.L. Lee, Executive Director, Seoul-Taipei Club. Strategic Marketing Dept., TAITRA; Mr. Choi Seung-yoon, CEO of Ogada;

Mr. Edward Hung, Director, Digital Content Industry Development and Assistance Project Office, Ministry of Economic Affairs (MOEA); and Mr. Frank Lee, Region Head,

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Welcome Dinner hosted by FKI at Philkyungjae on Oct. 22, 2013 Dr. Chih-Kang Wang presents gift to Dr. Yong-Ki Baik, Chairman of Seoul-Taipei Club

The 27th Joint Conference of ROCABC and ATBC The 27th Joint Conference of ROC-Australia Business Council (ROCABC) and Australia-Taiwan Business Council (ATBC) was held on October 28, 2013 at NSW Trade &

Investment Centre of MLC Centre in Chairman Wang presents gift to Mr. Kyunghwan Toh, Director General of Trade Sydney, Australia, with the theme Cooperation Bureau, MOTIE “2025 – An Australia-Taiwan Dream”. The conference was co-chaired by Dr. Jo-Chi Tsou, Chairman of ROCABC and Mr. Maddock, Chairman of

ATBC. Approximately 130 participants from Taiwan and Australia attended the meeting. Mr. Jerry J. R. Ou, Director General of Bureau of Energy of

Ministry of Economic Affairs and the ROC delegation visit FKI Tower Hon. Bob Baldwin MP, Parliamentary

Secretary to the Minister of Industry

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were invited to deliver a special address Ms. Sarah Xu, International Market at the opening ceremony. In addition, Manager of Dairy Australia; Mr. Ms. Katharine , Representative Yih-Feng Chiu, General Manager of of Taipei Economic and Cultural Office China Steel Corporation; Mr. Robert in Australia, Mr. Jerry M. J. Shyy, Yie-Zu Hu, Principal Researcher & Executive Director of Economic Deputy General Director of ITRI; Mr. Division of Taipei Economic and Andrew Stocks, Managing Director of Cultural Office in Australia, and Mr. Road; Mr. Shyr- Cheng, Joseph Chow, Director General of Managing Director of Chunghwa Taipei Economic and Cultural Office in Telecom; Dr. Swee Mak, Director of Sydney were also present. CSIRO; Mr. Ali Baghaei, The 4 topics discussed at the CEO/Managing Director of Oceanlinx concurrent sessions were “Financial Ltd.; and Dr. Bill Petreski of Hydrix. Services”, “Food Safety and During the visit to Australia, the Sustainability: An Australia-Taiwan ROC delegation also made a courtesy Alliance to Establish Asia-Pacific Food call at ANZ Sydney Headquarter and Brands”, “Mining after the Resources went on a field trip to Bengalla Mine. Boom”, and “Technologies & Innovation”. Among the speakers were Mr. Chao-Chin Tung, Chairman of CTBC Bank; Mr. Chung-Hsing Chen, Executive Vice President of Mega Financial Holding Co.; Mr. RenMing Lee, General Manager of the Preparatory Office of Sydney Branch of ; Dr. Elizabeth Sheedy, VIP photo at the 27th Joint Conference of ROCABC & ATBC- (starting from left) Dr. Associate Professor of Macquarie Jo-Chi Tsou, Chairman of ROCABC; The University; Mr. Henry Kao, Chairman Hon. Bob Baldwin MP, Parliamentary Secretary to the Minister of Industry; Mr. of I-Mei Foods; Mr. Rob Delane, Jerry Ou, Director General of Bureau of Energy; Ms. Katharine Chang, Representative Director General of Department of of Taipei Economic & Cultural Office in Agriculture & Food Western Australia; Australia; Mr. Kevin Magee, Representative of Australian Office, Taipei; Mr. Ross 18/36

Maddock, Chairman of ATBC

Fieldtrip to Bengalla Mine – (starting from left) Chairman Ross Maddock of ATBC, Chairman Jo-Chi Tsou of ROCABC shows Chairman C. Y. Wang of CIECA, General appreciation to The Hon. Bob Baldwin MP for Manager Dan Janney of Bengalla Mine, his participation in the 27th Joint Conference Chairman Jo-Chi Tsou of ROCABC of ROCABC & ATBC The 12th Joint Meeting between CIECA and MNCCI The 12th Joint Meeting between Chinese International Economic Cooperation Association (CIECA) and Mongolian National Chamber of Commerce and Industry (MNCCI) was held on October 28, 2013 at Taipei World Trade Center Club. The Meeting Courtesy Call at ANZ Sydney Headquarter- was co-chaired by Ms. Magvan Chairman C. Y. Wang of CIECA and Chairman Jo-Chi Tsou of ROCABC listening Oyunchimeg, Vice Chairperson of to briefing MNCCI and Mr. Peter W.J. Huang, Chairman of CIECA. A total of around 100 participants from Taiwan and Mongolia attended the meeting. Mr. Jacques Wu, Director-General on Home Assignment, Ministry of Foreign Affair, ROC and Mrs. Oyuntsetseg Choijilsuren, Senior Officer, 19/36

Ulaanbaatar Trade and Economic Office in Taipei were invited to make greetings at the opening ceremony. Mr. Paul Chou, Secretary General, Taiwan Telecom Industry Association made a presentation on “From ICT to Telematics, Taiwan’s Intelligent Transport for a Better Tomorrow” and Mr. Joseph Huang, SVP & General The 12 Joint Meeting between CIECA and Manager of the Export-Import Bank of MNCCI, from right Mr. Jacques Wu, Director-General on Home Assignment, the R.O.C. made a presentation on Ministry of Foreign Affairs, R.O.C., Mr. Peter “How to Make Use of Taiwan W.J. Huang, Chairman, Mongolia Committee(CIECA), Magvan Oyunchimeg, Eximbank’s Relending Facility to Vice Chairperson (MNCCI) and Oyuntsetseg Promote the Trade between Mongolia Choijilsuren, Senior Officer, Ulaanbaatar Trade and Economic Office in Taipei and Taiwan” at the plenary session. Also, Mr. Dorjbaasan UUGANBAYAR, General Accountant, Ministry of Construction and Urban Development, delivered a speech on “Mongolia’s Integrated Supply of Building Material and Transport Logistics Project” to all participants. In the afternoon, Mongolian delegates had a courtesy call at Taiwan Turnkey Project “From ICT to Telematics, Taiwan’s Intelligent Transport for a Better Tomorrow” by Mr. Paul Association. In the evening, all Chou, Secretary General, Taiwan Telematics Mongolian delegates were invited to a Industry Association farewell dinner hosted by Mr. Peter W.J. Huang. It was agreed that the 13th Joint Meeting between CIECA and MNCCI would be held in Ulaanbaatar in 2014.

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A group photo after a farewell dinner finished Ms. Kristýna Křižanová, Adviser to ------the Deputy Minister of the Ministry Guests From Abroad of Industry and Trade of the Czech Mr. İbrahim Deniz Gündüz, Board Republic, called on Mr. Leon Member of Aegean Region Chamber C.L.Lee, Secretary General of of Industry, EBSO, called on Mr. CIECA Leon C. L. Lee, Secretary General of Ms. Kristýna Křižanová, Adviser CIECA to the Deputy Minister of the Ministry Mr. İbrahim Deniz Gündüz, Board of Industry and Trade of the Czech Member of Aegean Region Chamber of Republic, accompanied by Ms. Industry, EBSO, called on Mr. Leon C. Huang, Bureau of Foreign Trade of L. Lee, Secretary General of CIECA, Ministry of Economic Affairs, called on October 7, 2013. They exchanged on Mr. Leon C.L.Lee, Secretary views and information on the General of CIECA on October 17, 2013. development of green energy industry They discussed various issues of and discussed ways to promote mutual concern, including energy economic cooperation between Taiwan policy, nuclear security, smart grid and and Turkey. shale gas. They also exchanged views on how to work together on promoting trade and investment between Taiwan and the Czech Republic.

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promote trade and investment cooperation between Taiwan & Albania.

Mr. Albert RAKIPI, Executive Director of Albanian Institute for International Studies, and his wife Mrs. Jerina ZALOSHNJA, Journalist of Albanian World, called Mr. Oleg Lobov, Chairman and Mr. on Mr. Ernest Lin, Deputy Secretary Vladimir Maslov, Secretary-General General of CIECA of Moscow-Taipei Economic and Mr. Albert RAKIPI, Executive Cultural Coordination Commission, Director of Albanian Institute for called on Mr. C. Y. Wang, Chairman International Studies, and his wife Mrs. of CIECA Jerina ZALOSHNJA, Journalist of Mr. Oleg Lobov, Chairman and Mr. Albanian World, accompanied by Ms. Vladimir Maslov, Secretary-General of Evelyn Lai, Officer of Ministry of Moscow-Taipei Economic and Cultural Foreign Affairs Republic of China, Coordination Commission, called on called on Mr. Ernest Lin, Deputy Mr. C. Y. Wang, Chairman of CIECA Secretary General of CIECA on on October 18, 2013. They exchanged October 24, 2013. They exchanged views on reciprocal visa waiver views on industrial issues, including program and discussed ways to tourism、 products and real estate promote trade and investment relations business. They also discussed the between Taiwan and . possibility of signing an MOU between CIECA and an appropriate business organization in Albania, so as to

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In Oct. 2013, comparing with the same month of last year, imports of mineral products, electronic products, chemicals,basic metals and articles thereof declined 1.5%, 4.5%, 0.8% and 12.2% respectively, however imports of machineries grew by 12.5%. (2013/11/7 Department of Statistics) Mr. Oleg Lobov (right), Chairman and Mr. Vladimir Maslov (left), Secretary-General of Moscow-Taipei Economic and Cultural Economic Index Coordination Commission %Change on 2012 2013 ------previous year Jul. Aug. Sep.

Economic News GDP 1.26 - - 1.58 0.06 -0.80 0.83 CPI 1.93 Summary of Exports and Imports for Unemploymen 4.24 4.25 4.33 4.24 t rate October 2013 Export -2.3 1.6 3.6 -7.0 Highlights Imports -3.8 -7.6 -1.2 -0.7 For the month of Oct. 2013, total exports contracted 1.5% year on year to Export orders 1.1 0.5 0.5 2.0 Industrial -0.1 2.1 -0.6 1.1 US$ 26.12 billion. However, total production Monetary imports fell 2.8% from a year earlier to 4.17 5.42 5.41 5.54 US$ 22.60 billion. The trade balance of aggregate(M2) this month was favorable, amounting to Stock Market 7,468 8,102 7,932 8,193 *October figures(Sources: Ministry of & US$ 3.52 billion. Council for and Development) 1. Exports In Oct. 2013, comparing with the Technology to launch same month of last year, exports of handset operation in 2014 electronic products, basic metals and Foxconn Technology Group articles thereof, mineral products, expects to find a local partner, register plastics & rubber and articles thereof, chemicals grew by 0.4%, 2.4%, 1.4%, a joint venture and start building the 4.0%, 1.4% respectively. infrastructure to manufacture mobile 2. Imports phone handsets in Indonesia next year.

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The company announced in 2012 interest rate to 9.5 percent, in an that it intended to set up operations in expected move to fight rising . Indonesia, but it has been delayed by Following a meeting of the bank's talks with the government and the Monetary Policy Committee, or search for local partners. COPOM, on Tuesday, “this decision "2014 is when we will have the will contribute to lower inflation and company registered, when we will have ensure that this trend will continue next the partner announced and when we year,” the body said. will have the site and all the The panel's members unanimously preparations," Foxconn spokesman approved the fifth consecutive rate Simon Hsing Reuters on the sidelines increase this year, according to the of the Asia Pacific Economic bank. Cooperation summit on Monday. Consumer prices in edged Last year, Indonesia said the up 0.35 percent last month, fueled by company was planning to invest $5-10 higher food and transport prices, billion over five to 10 years and would according to official data released this produce about 3 million handsets a week. year. Food and beverage prices rose Foxconn Chairman Terry Gou 1.44 percent while those of transport declined to say how much would be were up 0.44 percent, according to the invested in Indonesia but did say that Brazilian Geography and Statistics the company is looking to build more Institute. than only handsets in the country. In September, inflation over a (Oct 7, 2013 REUTERS) 12-month period was 5.86 percent, below the 6.5 percent ceiling set by the Brazil raises benchmark interest rate government and below six percent for to 9.5 percent in anti-inflation effort the first time this year. The cumulative BRASILIA, Brazil--Brazil's rate had been 6.09 percent in August. Central Bank announced Wednesday （October 11, 2013 AFP） （October 09） it had raised by 0.5 percentage points the benchmark

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Bank of Korea Revises 2014 Growth world suffer, as it is highly dependent Estimate down to 3.8% on exports for growth." The Bank of Korea lowered its (October 10, 2013) economic growth rate forecast for the next year to 3.8 percent from current US industry groups lobby for 4.0 percent. The monetary policy extension of AGOA committee held a regular meeting on US INDUSTRY groups active in October 10 and cut the 2014 economic the and apparel sectors have outlook to 3.8 percent. But it kept this made a plea for the US government to year's economic growth rate until the extend the provisions of the American year's end unchanged at 2.8 percent. Growth and Opportunity Act (AGOA), Kim Choong-soo, Bank of Korea in terms of which African states governor, said, "The reason we adjusted including are given the 2014 growth forecast to 3.8 percent preferential access to US markets. downward is in line with the earlier The groups said AGOA had to be adjustment by the International renewed as soon as possible, warning Monetary Fund. And it is not right if that any delay into 2015 would result in any of you considers this as a sign that the loss of trade and jobs in both the economy is losing steam." African and US markets. AGOA was On October 6, the IMF revised its signed into law in 2000 and originally global economic growth rate for 2014 covered the eight-year period from downward to 3.6 percent from current October 2000 to September 2008, but 3.8 percent citing the slowdown in amendments in 2004 extended its term emerging economies. It lowered its to 2015. According to the growth estimate for the Korean associations, including the American economy to 3.7 percent from 3.9 Apparel and Footwear Association and percent as well. the African Cotton and Textile The Bank of Korea governor Industries Federation, imports under added, "There is no way for the Korean AGOA are also important for millions economy to maintain a high growth of American workers. Last month pace while all other economies in the Trade and Industry Minister Rob

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Davies travelled to Washington to Monday the associations were persuade American politicians to confident AGOA would be renewed, extend South Africa’s trade access given the manufacturing and under AGOA. job-creation profile of most AGOA In a joint statement on Monday, exports. apparel industry bodies in Africa and (October 22, 2013 Business Day) the US said AGOA had to be renewed "ideally during 2013, but in no event India’s central bank hikes key later than 2014". "This is because interest rate sourcing decisions are made many months in advance; renewal needs to New Reserve Bank of India occur soon for it to be truly seamless. Governor Raghuram Rajan hiked the Any delay into 2015, especially in light key interest rate yesterday for the of last year’s last-minute renewal of the second straight month, disregarding third-country fabric provision, will calls for lower borrowing costs as he discourage continued sourcing and new remains focused on battling high investment, resulting in the loss of trade inflation. and jobs in both Africa and the US," the After its monetary policy meeting associations said. AGOA should be in the financial capital, Mumbai, the renewed for long enough — at least 15 central bank said the benchmark repo years — to ensure the predictability rate at which it lends to commercial necessary to support trade and would be hiked by 25 basis investment decisions. "Shorter-term points to 7.75 percent. renewals will not provide enough “The policy stance and measures certainty to enable the industry to make are intended to curb mounting the capital-intensive investment inflationary pressures and manage decisions necessary to attract textile inflation expectations in a situation of investments or affect long-term weak growth,” Rajan said in a sourcing partnership decisions." statement. Apparel Manufacturers of South Africa Most economists had predicted the executive director Johann Baard said on hike by Rajan since wholesale inflation

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has been above the bank’s comfort “The Reserve Bank will closely zone of 5 percent for four successive monitor inflation risk while being months. India’s annual inflation jumped mindful of the evolving growth to a seven-month high of 6.46 percent dynamics,” he added. last month, led by surging food and fuel (October 30, 2013 Taipei Times) prices. The bank yesterday kept the ------reserve ratio — the percentage of Activity News deposits banks must keep with the Business Leader central bank — unchanged at 4 percent. Delegation visit the Republic of However, Rajan did relax some China liquidity tightening measures At the invitation of ROC introduced by the central bank in July government, Mr. Roberto Zamora, to help stem the rupee’s freefall. President of LAFISE and Mr. Enrique J. The marginal standing facility — Zamora Llanes, Co-founder of LAFISE to lend to commercial banks when there Corp., visited Taiwan ROC from is a shortage of funds in the market — October 7 to 11, 2013. The aim of the was cut by 25 basis points to 8.75 visit is to enhance the cooperative percent. relations between Taiwan and Despite improvements in investor Nicaragua. Dr. Han- Sun Chien, sentiment and a strengthening of the CIECA Vice Chairman, hosted a dinner rupee since Rajan took charge, the at Hotel Royal Taipei on October 8 to central bank warned on Monday night welcome the distinguished guests from that anchoring inflation expectations Nicaragua. Several government would be key to monetary policy. officials and local business leaders, “It is important to break the spiral including Ambassador William M. of rising price pressures in order to curb Tapia, Embassy of Nicaragua; Mr. the erosion of financial saving and Mike Hung, President of Mike Hung strengthen the foundations of growth,” Products Co., Ltd.; Mr. Victor Chu, Rajan said in yesterday’s Senior Secretary of Department of announcement. Latin American and Caribbean Affairs, 27/36

Ministry of Foreign Affairs; Mr. Hwa- meeting room of IEAT Headquarters. Yu Mo, Vice President of The Export- Mr. Jack Huang, Secretary General of Import bank of ROC, were invited to IEAT delivered opening remarks first, join the dinner. Both sides exchanged then three experts, namely Mr. An-Ho information and views on the bilateral Yang, Mr. Stephen Shen and Mr. trade and investment and agreed to Cheng-Hsien Chen, Banking work jointly to promote mutually Commissioners of CBC/ICC-TPE gave beneficial economic partnership presentations on “ISBP 745”. A total between the two business countries. of 54 local business people and banking professionals participated in the seminar. Approved by ICC Banking Commission, International Standard Banking Practice (ISBP), are to be applied by documentary practitioners

Dr. Han- Sun Chien, Vice Chairman of worldwide in the examination of CIECA (Standing) Documentary Credits issued subject to

UCP 600. ISBP has become an Seminar on “Understanding the invaluable aid to banks, corporate, revised version of International logistics specialists and insurance Standard Banking Practice, ISBP” companies alike, on a global basis. In order to help businessperson to gain a better understanding of the revised version of International

Standard Banking Practice （ISBP）,

Chinese Business Council of the ICC in

Taipei （CBC/ICC-TPE）and Importers and Exporters Association of Taipei

（IEAT）co-organized a Seminar on Taipei Times “Understanding the revised version of International Standard Banking “ISBP 745” by Mr. An-Ho Yang, Banking Commissioner of CBC/ICC-TPE Practice” on October 14, 2013 at the 28/36

The Canadian Scholar Delegation to economic situation, cultural activities, visit the Republic of China (Taiwan) and Cross-strait relations. Dr. At the invitation of CIECA, Yen-Shiang Shih, Senior Advisor of Canadian Think Tank and Scholar CIECA, hosted a luncheon at Taipei Delegation paid a visit to Taiwan from World Trade Center Club in honor of October 19 to 24, 2013. The the delegation on Oct. 21. Dr. David delegation was led by Dr. Brian Lee Tawei Lee, Chairman, Coordination Crowley, Managing Director, Council for North American Affairs; Dr. Macdonald-Laurier Institute, which is John C.C. Deng, Deputy Secretary the only think tank in ’s Capital General, National Security Council; Mr. devoted exclusively to federal policy Remus Chen, Deputy Director General, issues. He was accompanied by his North American Affairs, MOFA; Mr. spouse, Mrs. Shelly Crowley; Dr. Eva Allan Edwards, Director of Trade and Busza, Vice-President, Asia Pacific Investment, Canadian Trade Office in Foundation; Dr. Paul Davidson, Taipei; Mr. Jeremy Yang, Section Chief, Professor Emeritus, Department of Law North American Affairs, MOFA; Dr. and Legal Studies, and Chair of the Mignonne M.J. Chan, Associate Carleton Committee on Asian Studies, Professor, National Chengchi Carleton University; Dr. Douglas Goold, University; Dr. Xin-Wu Lin, Director, Director of National Conversation on Research Division III, Taiwan Institute Asia, Asia Pacific Foundation of of Economic Research; and Mr. Leon Canada; Dr. Philip F. Kelly, Director, C.L. Lee, Secretary General of CIECA, York Centre for Asian Research, York were also present at the luncheon. University; Dr. Jacques Bertrand, Associate Professor of Political Science, Toronto University; and Mr. Hamish I. Marshall, Chief Research Officer, Abingdon Research. The visit would offer the delegation opportunities to gain a better understanding on Taiwan’s politics, defense, foreign relations, A group photo after the luncheon 29/36

Trade and Investment Opportunities Jack Cheng, Senior Specialist, Taiwan in Saint Kitts and Nevis External Trade Development Council, At the invitation of Ministry of were also present in this seminar. About Foreign Affairs of ROC, The Rt. Hon. more than 50 delegates attended this Dr. Denzil Douglas, Prime Minister of seminar. Saint Kitts and Nevis, led a high-level Mr. Linkon Maynard, Chairman of official mission to visit Taiwan from Board of Directors, National Bank, October 23 to 27, 2013. delivered a presentation on “St. Kitts In order to strengthen bilateral Visit-Invest”, in which he introduced economic cooperation between ROC Saint Kitts and Nevis’ economic profile and Saint Kitts and Nevis, CIECA and investment environment. Mr. Mike organized a Seminar entitled “Trade Hung, the President of Mike Hung and Investment Opportunities in Saint Products Co., Ltd. also shared his own Kitts and Nevis” on October 23, 2013 visiting experience and provided a at The Sherwood Taipei Hotel. The presentation on Investment Climate in seminar was chaired by Mr. Saint Kitts and Nevis. During the Q&A Yuen-Chuan Chao, Senior Advisor of session, the Prime Minister Rt. Hon. Dr. CIECA and honored with the gracious Denzil Douglas encouraged Taiwanese presence of The Rt. Hon. Dr. Denzil business people to explore and seize the Douglas, the Prime Minister of Saint opportunities that Saint Kitts and Nevis Kitts and Nevis; H.E. Jasmine Elise has to offer. , Ambassador of Embassy of Saints and Nevis ； Mr. Simon Shen-Yeaw Ko, Deputy Foreign Minister, Ministry of Foreign Affairs of ROC who delivered their special remarks at the opening ceremony. Amb. John C.C Lai, Director-General,

Department of International CIECA Senior Advisor Mr. Yuen-Chuan Chao Cooperation and Economic Affairs, and all the special guests.

Ministry of Foreign Affairs, and Mr.

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Republic of China Updated October, 2013

General Information Land Area 36,193 sq. km Population 23.35million (9/2013) Capital Taipei Population of 2.68million (9/2013) Capital National Day October 10 Country Code 886 Currency US$1=NT$29.70(11/2013) per USD Languages Mandarin, Taiwanese, Hakka, Indigenous languages Religions Buddhism, Taoism, Christianity, Islam Participation Member: in IGOs 1. APEC (Asia-Pacific Economic Cooperation)since 1991 2. WTO () since 2002 3. ADB () since 1966

Observer: 1. WHA (World Health Assembly of World Health Organization) since 2009 2. OECD (Organization for EconomicCooperation and Development) – Competition Committee since 2002, Steel Committee since 2005, Fisheries Committee since 2006

Government Head of State President MA Ying-Jeou Cabinet Premier Yi-huah JIANG, Minister of Foreign Affairs David Y. L. LIN, Ministry of Economic Affairs Chia-juch CHANG, Minister of Finance Sheng-Ford CHEN Structure The ROC government is divided into central, provincial and municipal, as well as and city levels. The central government is consisted of the Office of the President and 5 branches (called “Yuan”) - the (Cabinet), the , the Judicial Yuan, the Examination Yuan, and the . The Cabinet is headed by the Premier, who is appointed by the President of the R.O.C. Major Political Kuomingtan (KMT), Democratic Progressive Party (DPP), People First Parties Party (PFP), Taiwan Solidarity Union

Economic Statistics of 2013 GDP US$4,816 billion Economic Growth 2.61% (4nd Quarter Est.) (2013 Est.) Rate GDP per capita US$21,254 (2013 Est.) Consumer Price 0.64% (October 2013) Inflation 0.87% (Jan.-Set. 2013) Rate 4.24% (September 2013) 4.24% (2012)

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Republic of China Updated October, 2013 Major Industries electronics, communications and products, chemicals, textiles, iron and steel, machinery, cement, pharmaceuticals Exports US$26.12 billion (October 2013, up 3.4% of the same month of 2012) US$252.75 billion (Jan.-Oct. 2013, up 1.0% of the same period of 2012) US$301.11billion (2012, down 2.3% of 2011) Major Export Electronic integrated circuits, Liquid crystal devices, Petroleum oils and Items oils obtained from bituminous minerals (non-crude), Telephone sets and other apparatus for transmission or reception of voice and images, Diodes, transistors and similar devices, Printed circuit Major Export China, , U.S., , , Korea, Vietnam, Malaysia, Markets , Imports US$22.60 billion (October 2013, down 1.3% of the same month of 2012) US$224.51 billion (Jan.-Oct. 2013, down 1.1% of the same period of 2012) US$ 270.73 billion (2012, down 3.8% of 2011) Major Import Electronic integrated circuits, Petroleum oils and oils obtained from Items bituminous minerals (crude and non-crude), and apparatus of a kind used solely or principally for the manufacture of semiconductor boules or wafers, semiconductor devices, electronic integrated circuits or flat panel displays; machines, Petroleum gases and other gaseous hydro carbons, Coal; briquettes, ovoid and similar solid fuels manufactured from coal Major Import Japan, China, U.S., Korea, , Australia, Germany, Malaysia, Markets Singapore, Kuwait Foreign Reserves US$415.6 billion (until 10/2013) Outward FDI US$3.7 billion (2011) (Source: Investment US$8.1 billion (2012) Commission, MOEA) US$3.72 billion (1-9/2013) Inward US$4.9 billion (2011) Investment US$5.5 billion (2012) (Source: Investment US$3.59 billion (1-9/2013) Commission, MOEA) Foreign Direct Investment Stock: US$121.4 billion (2012 accumulated) (Source: Investment FDI: US$5.55 billion (2012) Commission, MOEA)

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Republic of China Updated October, 2013 FTAs signed with 1. FTA between the Republic of China (Taiwan) and the Republic of Trading Partners Panama – August 21, 2003 2. FTA between the Republic of China (Taiwan) and the Republic of Guatemala – September 22, 2005 3. FTA between the Republic of China (Taiwan) and the Republic of Nicaragua–June 16, 2006 4. FTA between the Republic of China (Taiwan), the Republic of El Salvador, and the Republic of Honduras –May 7, 2007 5. ECFA(Economic Cooperation Framework Agreement)– June 29, 2010 6. ANZTEC (Agreement between New Zealand and Separate Customs Territory of Taiwan, Penghu, Kinmen, and Matsu on Economic Cooperation)-July 10, 2013 7. ASTEP(Agreement between Singapore and the Separate Customs Territory of Taiwan, Penghu, Kinmen, and Matsu on Economic Partnership)- November 7, 2013 Sources: MOFA; Bureau of Foreign Trade, MOEA; Investment Commission, MOEA; EIU; National Statistics R.O.C; Dept. of Statistics, MOEA

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Republic of China Updated October, 2013

2013 Conference Schedule Revised on 2013/11/13 Date Conference Place

Jan. 9 The 13th Taiwan-India Joint Business Councils Meeting Taipei

Jan. 21-25 CACCI Presidential Visit to Myanmar Yangon, Myanmar 2013 Taiwan Economics and Trade Delegation to Mar.2-10 Italy and Greece and Greece The 27th Confederation of Asia-Pacific Chambers of Mar.13-16 Cebu, Philippine Commerce and Industry Conference Seminar on Lighting and Photo voltaic Business Mar. 12 Taipei Opportunities in Turkey Mar. 19 Seminar on Trade and Investment Opportunities Taipei

Apr. 5 The 11th Taiwan-Brazil Joint Business Councils Meeting San Paulo, Brazil

Apr. 9 The 11th Taiwan- Joint Business Councils Meeting Lima, Peru Seminar on Trade and Investment Opportunities in Apr. 10 Taipei Nicaragua Apr. 11 The 18th Taiwan- Joint Business Councils Meeting Mexico City, Mexico The 2nd Taiwan(ROC)-El Salvador Joint Business San Salvador, Apr. 16 Councils Meeting El Salvador

Seminar on “Trade and Investment Opportunities in Mbaban, Kingdom of Apr.18 Kingdom of Swaziland” Swaziland

Seminar on “Trade and Investment Opportunities in Maputo, Apr. 22 Mozambique” Mozambique Johannesburg, Apr. 26 Business Matching in South Africa South Africa Trade and Investment Opportunities in Dominican Apr. 24 Taipei Republic The 13 Taiwanese-German Joint Business Councils May 7 Taipei Meeting Seminar on “Trade and Investment Opportunities in May 7 Taipei Guatemala” Seminar on “Trade and Investment Opportunities in May 7 Taipei Haiti” The 2nd Georgia-Taiwan Joint Business Councils May 17 Tbilisi, Georgia Meeting The 4th Joint Meeting of Turkey –Taiwan Business May 21 Istanbul, Turkey Councils

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The 15th Joint Meeting of Taiwan Britain Business June 4 Taipei Councils The 20th Meeting of Taiwanese-Dutch Joint Business The Hague, June 14 Councils The Mr. Leonardo Vingiani, Secretary General of Italian July 16-19 Association for the Development of Biotechnology, Taipei Assobiotec, visited Taiwan Mr. Domagoj Juričić, Acting Managing Director of Aug. 18-24 Taipei Croatian Chamber of Economy, visited Taiwan Mr. Mlungisi Clive Manci, Vice President, Business Unity Aug. 20-23 Taipei South Africa, visited Taiwan Seminar on “Trade and Investment Opportunities in Aug. 23 Taipei Croatia” Seminar on “Trade and Investment Opportunities in El Aug. 29 Taipei Salvador” Sept.10 The 29th Chinese-Swedish Joint Business ouncils Meeting Stockholm, The 4th Chinese- Economic Cooperation Sept. 12 Riga, Latvia Conference The 19th Joint Economic Cooperation Conference Sept. 26 Taipei between Indonesia & Taiwan (postpone) The 11th Taiwan- Economic Cooperation Oct. 3 Warsaw, Poland Conference The 7th Chinese-Austrian Economic Cooperation Oct. 4 Vienna, Austria Conference Oct. 8 The 3rd Joint Business Forum Sofia-Taipei Sofia, Bulgaria The 10th Taiwan-Hungary Joint Business Councils Oct. 9 Budapest, Hungary Meeting Oct. 9 Seminar on ANZTEC Taipei

The 20th Joint Business Council Meeting between Oct. 15 Hanoi, Huchi Minh CIECA and VCCI (Vietnam) The 38th Joint Conference of ROC-Korea and Oct. 23 Seoul, Korea Korea-Taiwan Business Councils Seminar on “Trade and Investment Opportunities in Oct. 23 Taipei Federation of Saint Christopher and Nevis” The 27th Joint Conference of ROC-Australia & Oct. 26-30 Sydney, Australia Australia-Taiwan Business Councils Oct. 28 The 12th Joint Meeting between CIECA and MNCCI Taipei The 1st Joint Meeting between CIECA & UMFCCI Nov. 4 Yangon. Myanmar (Myanmar) The 6th Taiwanese- Joint Business Councils Nov. 8 Taipei Meeting

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The 1st Chinese-Portugal Joint Business Councils Nov. 11 Lisbon, Portugal Meeting Auckland, Nov. 11-14 「Taiwan Business Leaders Forum」 New Zealand The 18th Joint Conference of the -Taiwan Economic Nov. 14 Madrid, Spain & Business Cooperation Committee Nov. 26 The 12th Session of Taiwan -Czech Joint Business Council Taipei Santo Domingo, 2013 Taiwan Economic and Trade Delegation to Nov. 30- Dec. 9 Dominica Dominica & Nicaragua Managua, Nicaragua The 14th Taiwan-Malaysia Joint Business Councils Kuala Lumpur, Dec. 9 Meeting Malaysia Dec. 10 The 5th Israel-Taiwan JBC Meeting Taipei

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