CIECA News Letter

No. 28 / September, 2014

Index  Headline News ...... P.1  New chief of TAITRA vows to boost exports of Taiwanese manufacturers  Cabinet names Cho new MOEA deputy minister  Export orders could grow in August: MOEA

 Taiwanese business leaders promote Taipei's TPP membership bid

 Unemployment in August falls to 14-year low

 Special News...... P.5

 Sweden's election Left turn  This year is last chance to conclude TPP negotiations: Singapore PM  Obama: United States underestimated rise of Islamic State  Occupy Central is bigger than Hong Kong  Bilateral Meetings and Seminars...... P.12  The 14th Taiwan-India Joint Business Councils Meeting  The 14th Germany-Taiwan Joint Business Council Meeting  The 7th Luxembourg-Taiwan Joint Business Council Meeting  The 28th Joint Cinference of ROC -Australia & Australia-Taiwan Business Councils th  The 28 CACCI Conference  Trade and Investment Opportunities in Brazil  Guests From Abroad...... P.24  Mr. Jack MacGowan, Chief Executive Officer, Aer Rianta International visited Taiwan

 Ms. Lucie Vondrackova, Director of Trade Policy and International

Economic Organizations Department of Ministry of Industry and Trade

of the Czech Republic visited Taiwan  Economic News ...... P.25  Global Economic Indicators-Output, Prices and Unemployment ……P.38  An Outline of Republic of China’s Economics...... P.40  2014 CIECA Event Plan...... P.43

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Headline News generating over US$13 billion in New chief of TAITRA vows to boost business. exports of Taiwanese manufacturers Wang, meanwhile, praised Liang's Francis Liang, the new leader of past economic experience, saying that Taiwan's main trade promotion body, he is confident the new chairman can said Wednesday that he will do his lead the 1,200-person organization to utmost to boost the country's exports. achieve more goals. “Exports are the major pillar of The handover ceremony was Taiwan's economy, and we should use attended by some 400 people, including new thinking and new methods to keep representatives from the public and pace with times,” said the new head of private sectors, as well as foreign the Taiwan External Trade dignitaries in diplomatic circles. Development Council (TAITRA,) at a At a press conference after the handover ceremony in Taipei, led by ceremony, Liang said he will “develop Economics Minister Duh Tyzz-jiun. the next potential markets,” such as “With a strong team spirit, we can India, Brazil, Turkey, Eastern Europe play our roles as Taiwan's trade and the Philippines. development pioneers,” Liang said, Asked if he will shift the focus on adding that he will make sure there will China to other emerging markets, Liang be closer cooperation among trade downplayed the possibility, saying that partners in the future. the whole world is eyeing Taiwan's The 63-year-old Liang, a former biggest trading partner and that he will deputy economics minister, praised keep making such efforts while predecessor Wang Chih-kang, who led expanding exports to other countries. TAITRA for the past six years, for Liang also mentioned the global lifting the image of Taiwanese products trend of developing e-commerce, and helping many Taiwanese saying that it is inevitable and that “the companies get more exposure on the direction is correct.” But he said he international stage. would like to have internal discussions Under Wang's administration, and achieve consensus before making TAITRA held 32 trade promotion any announcement. events in China alone as of August, “We will continue pursuing attracting over 9 million visitors and efficiency as we have always done in

1/46 the past. Once the goal is confirmed (Source: The China Post 2014-09-23) unanimously, we can walk more steadily,” he added. (Source: The China Export orders could grow in August: Post 2014-09-11) MOEA Taiwan is expected to report a Cabinet names Cho new MOEA year-on-year increase in export orders deputy minister for August on the back of peak season The Cabinet announced that the effects for the bellwether electronics Ministry of Economic Affairs has sector, the Ministry of Economic promoted from within in naming Cho Affairs (MOEA) said Saturday. Shih-chao its new deputy minister in Also due to a relatively low charge of political affairs. comparison base seen over the same The 63 year-old will assume the period of last year, orders received by post vacated by Duh Tyzz-jiun, who Taiwanese exporters could continue to took over as minister following the grow year-on-year for the seventh resignation of Chang Chia-juch in consecutive month in August, the August. MOEA said. Cho, who holds a master's degree The ministry is scheduled to in business administration from the release the August export order data University of Louisville College of Sept. 22. Business, was vice economics minister In July, Taiwan's export orders responsible for administrative affairs. totaled US$38.18 billion, up 5.7 Going from vice minister to deputy percent from a year earlier but down minister, a political appointment, is 1.6 percent from a month earlier. In the considered a promotion. month, Taiwan-made electronics He has served at the ministry's products grew 11.2 percent from a year Bureau of Foreign Trade, the earlier to US$9.57 billion, serving as Department of Investment Services and one of the largest export categories of the Department of Economic and Trade the country. Affairs. He has been posted at Taiwan's The MOEA said that as representative offices in New York, international brands are gearing up to Indonesia, South Africa and Kuwait. upgrade their smartphone models,

2/46 global demand for handheld devices The MOEA said that due to solid has been on the rise, while applications demand for mobile devices, Taiwan's in fourth-generation telecom services semiconductor and optoelectronics and the Internet of Things have also sectors could witness shipments been broadening. growing, while the local steel sector has Under such favorable been operating at full capacity. circumstances, local semiconductor In the first seven months of this year, suppliers are expected to report an Taiwan's industrial production index increase in orders placed from overseas grew 4.73 percent from a year earlier. in August, the MOEA said. (Source: The China Post 2014-09-21) The ministry said that the global PC market is riding a wave of Taiwanese business leaders promote replacements due to the end of Taipei's TPP membership bid Microsoft's support for the Windows More than 30 Taiwanese business XP operating system, which has given leaders from around the world gathered an additional boost to Taiwan's export on Capitol Hill in Washington at the orders. invitation of an American congressman In the first seven months of this on Tuesday to endorse their country's year, Taiwan's export orders rose bid to take part in the Trans-Pacific US$258.64 billion, up 5.5 percent from Partnership (TPP). a year earlier. The delegation, led by Jackson C. The MOEA has also anticipated Yang, president of the World Taiwanese that Taiwan will report an improvement Chambers of Commerce, met with in the industrial production index for several congressmen to voice their August as the global economy is on the support for Taiwan's inclusion in TPP road to recovery, which is boosting negotiations and a Select USA global demand. investment campaign. In July, the local industrial Yang said Taiwanese businesses are production index rose 6.08 percent to active in more than 70 countries, hit a record high of 112.26. It was the including the 12 countries that are sixth consecutive month for the index negotiating the TPP. Those countries, to break its own record. he said, would find it inconvenient to

3/46 do business with Taiwan should Taiwan Unemployment in August falls to be excluded from the TPP framework. 14-year low He said he and his group will lobby As the economy continued to U.S. congressmen to pressure the U.S. improve, Taiwan's unemployment government into helping Taiwan take fell to 4.08 percent in August, the part in the next round of TPP lowest level for that month in 14 negotiations. years, the Directorate General of The group also intends to make its Budget, Accounting and Statistics case to the United States Commerce (DGBAS) said Monday. Department, the Office of the U.S. The figure for August represents Trade Representative and other a monthly increase of 0.06 members of Congress in the next two percentage points but a drop of 0.25 days. points year-on-year, according to the Shen Lyushun, Taiwan's DGBAS. representative to Washington, said the For the first eight months of business leaders were visiting 2014, the average unemployment in Washington from around the world to Taiwan was 3.99 percent, the lowest help Washington conclude TPP level for that period in six years, the negotiations by including Taiwan in DGBAS said. them, contending that the agreement After seasonal adjustments, the would be incomplete without Taiwan. jobless rate in August was 3.94 A total of 16 U.S. representatives percent, 0.01 percentage points attended the gathering Tuesday to show lower than the previous month. their support for Taiwan's TPP bid. Lo Yi-ling, deputy chief of the Among them were Ed Royce, the DGBAS's Department of Census, chairman of the House Foreign Affairs explained that unemployment is Committee who issued the invitation to usually highest in Taiwan between the visiting businessmen, Judy May May and August, when graduates Chu, Dana Rohrabacher, Brad Sherman, enter the job market. Matt Salmon, and Steve Chabot. This year, the August jobless (Source: CNA 2014-09-09) rate was only 0.17 points higher than in April, indicating that the

4/46 unemployment situation in Taiwan is In the first eight months of this moderating due to an improving year, the unemployment rate among economy, Lo said. people with this level of education The number of unemployed was 4.98 percent, a decrease of 0.27 people in August was 473,000, an points from last year. (Source: CNA increase of 9,000 from the month 2014-09-22) before, largely reflecting an increase ------in the number of first-time jobseekers during the graduation Special News season. Sweden's election Left turn In August, the number of In the end the gap proved too big to first-time jobseekers increased 5,000 close. For weeks the centre-right from a month earlier, and the alliance under Fredrik Reinfeldt had number of those who quit because been chipping away at the big lead of they were unhappy with their jobs the centre-left block, led by the Social rose by 2,000. Democrats' Stefan Löfven. But after the The total number of employed election on September 14th Mr people in Taiwan was 11.11 million Reinfeldt conceded defeat and resigned in August, up 19,000 or 0.17 percent as prime minister. He also said he from a month earlier. The labor would step down as leader of the participation rate edged up 0.1 Moderate Party. percentage points month-on-month Yet it will not prove easy for Mr to 58.73 percent. Löfven to take his place. The Social Unemployment was highest Democrats, the Greens and the Left among people 15-24 years old Party took 43.6% of the vote to the (13.25 percent), followed by the alliance's 39.5%. Mr Löfven can 25-44 age group (4.16 percent) and happily work with the Greens, but not the 45-64 age group (2.2 percent). so well with the ex-communist left. He The jobless rate among people is talking of trying to prise away with university degrees or higher smaller parties in the alliance, but will was 5.33 percent in August, 0.18 find that extremely hard. The far-right points higher than in July but 0.35 Sweden Democrats, with whom nobody points lower year-on-year. will work, caused a stir by doubling

5/46 their voting share to 13%. The most education, were also a model for Mr likely outcome is a weak minority Cameron. The Labour Party in Britain government led by Mr Löfven that may will be heartened by Mr Reinfeldt's have trouble passing a budget and will defeat. struggle to last a full four-year term. Within Europe, Mr Löfven is more Even so, Swedish voters have likely to line up with the likes of clearly turned against the centre-right France's Francois Hollande and Italy's and shifted leftwards. Given Sweden's Matteo Renzi. That will leave Mrs relative economic success, this seems Merkel more lonely than before. surprising. Some analysts are calling it Sweden is not in the euro, and is a vote against austerity and spending unlikely to join soon, so the colour of cuts and in favour of a return to a more its government is less important to lavish welfare state. But it seems more policy issues bearing on the euro zone. likely that, after eight years of Mr Still, despite Mr Löfven's prudent fiscal Reinfeldt, the voters simply got bored agenda, the arrival of a Social and felt like a change. In any case, Mr Democrat will lend support to those Löfven's Social Democrats are fiscally who think that austerity in Europe has prudent: they will raise taxes, but only gone too far and that both monetary and a little, and they want to get to a budget fiscal policy need to be relaxed. surplus even sooner than was planned The outgoing Swedish government by the outgoing government. (especially its foreign minister, Carl The bigger impact of Mr Bildt) was highly active in the recent Reinfeldt's departure and his quarrels with Russia over Ukraine. It is replacement by a weak centre-left not clear who Mr Bildt's successor will coalition may be felt abroad. On the be; some are suggesting another former European stage, Mr Reinfeldt was a prime minister, Goran Persson. But firm ally of Britain's David Cameron whoever becomes foreign minister, and Germany's Angela Merkel. Had he Sweden is likely to have a lower stayed, he might have helped Mr international profile than before. That, Cameron with his efforts to reform the plus the shock of seeing the European Union. His government's anti-immigrant extremist Sweden public-service reforms, including the Democrats emerging as the country's widespread use of private providers in third-biggest party, will constitute the

6/46 most immediate consequences of this to have those exchanges and intimate election. (Source: The Economist interconnection and interdependence. 2014/09/15) And the TPP is your way of doing it," he said, referring to the United States. This year is last chance to conclude China is now the leading trade TPP negotiations: Singapore PM partner for countries like Singapore, Singapore Prime Minister Lee Japan and South Korea, he added. Hsien Loong said on Saturday that this "If you don't promote trade, what year would be the last chance for the are you promoting? What does it mean ambitious Trans-Pacific Partnership when you say you are a Pacific power? (TPP) negotiations to be concluded. It just does not make sense," he said. "If we don't fulfill our promise this Lee also said that the TPP might year, it will be running into the eventually be the free trade agreement American presidential elections in two of the Asia Pacific after South Korea years' time. I think there's...further and China join it. delays of an indefinite nature," the Lee addressed questions from prime minister told business leaders, audience, including those on income government officials and diplomats at inequality and the integration of the the Singapore Summit. Association of Southeast Asian Nations He said that the countries will have (ASEAN). a lot to lose given that it is an ambitious Lee said that the ASEAN countries pact that brings together the different will "pass the exam" on its goal of economies and that will bring strategic achieving the ASEAN Economic and economic benefits to its member Community by the end of 2015. economies. "I am not sure I would award Lee said that the trade pact is myself a distinction, but I think we will important for the United States given pass the exam, because we have already that it is the "only game" in the region done most of the term assignments," he that has the United States as a party. said. For the United States to be a Pacific The ASEAN countries have done power, it is not just military presence. 85 percent of what they had promised "You have to have trade, you have to do. The tariffs are no longer a main issue but there are still non-tariff

7/46 restrictions to tackle. deeds (Ting Qi Yan, Guan Qi Xing),'" On the independence referendum in he said. Scotland, Lee said that it means a He said it depends on the common market, bigger economic base interaction among China and other and better security over the longer term countries. to "be part of a bigger whole." "Because it is not only China, it's Singapore succeeded as an independent also other claimant states which have to country only after it tried to be " part of take measured, reasonable, proper a bigger whole" in vain. There was no views and approaches to these disputes other choice for Singapore, he said. which are consistent with international On the income inequality, Lee said law and the law of the sea," he said. it is a phenomenon seen in many (Source: Xinhua News Agency countries around the world and that the 2014-09-20) solution lies in providing the people with education and healthcare and Obama: United States making sure that they are available to underestimated rise of Islamic State all to enable a sense of justice and The United States underestimated equity. the rise of the Islamic State in Iraq and "If you go on theoretical solutions, Syria, President Obama said during an you say we should have global wealth interview, broadcast Sunday night, in tax, or global income tax, or better still, which he also acknowledged the Iraqi we should outlaw extreme wealth. But I army's inability to successfully tackle don't think those are going to happen. the threat. And I don't think if you try to do that, On CBS's "60 Minutes," you will make the world happier," he correspondent Steve Kroft referred to said. comments by James Clapper, the Lee also touched on the issue of director of national intelligence, in trust among countries in the region, which he said, “We overestimated the saying that it is "one of those issues ability and the will of our allies, the where words do not solve the problem." Iraqi Army, to fight.” "We can give a verbal answer, but “That's true. That's absolutely really as the Chinese say, ' listen to the true,” Obama said. “Jim Clapper has words and then look at his actions, his

8/46 acknowledged that I think they taking place on their soil, with their underestimated what had been taking troops. But we are providing air support place in Syria.” and it is in our interest to do that," he Obama blamed the ongoing turmoil said. in Syria for the rise of the Islamic State, Having built a coalition of 60-plus also known as ISIL. nations to fight against the Islamic “Essentially what happened with State, Obama pointed out that the ISIL was that you had al-Qaeda in Iraq, United States is still the go-to which was a vicious group, but our government for nations in need of Marines were able to quash with the assistance. help of Sunni tribes. They went back "America leads, we are the underground. But over the past couple indispensable nation. We have capacity of years, during the chaos of the Syrian no one else has. Our military is the best civil war, where essentially you have in the history of the world," he said. huge swaths of the country that are "And when trouble comes up anywhere completely ungoverned, they were able in the world, they don't call Beijing. to reconstitute themselves and take They don't call Moscow. They call us. " advantage of that chaos,” he said. "And Acknowledging that the Islamic State so this became ground zero for jihadists has been "very savvy in terms of their around the world." social media," Obama said it is The president made clear the important to recognize that "part of our intentions of the campaign against the solution here is going to be military" Islamic State. but added that he hopes for a political “We just have to push them back, settlement in the future. and shrink their space, and go after “What we also have to do is we their command and control, and their have to come up with political solutions capacity, and their weapons, and their in Iraq and Syria in particular, but in fueling, and cut off their financing, and the Middle East generally, that arise in work to eliminate the flow of foreign an accommodation between Sunni and fighters,” he said. Shia populations that right now are the The president denied the United biggest cause of conflict, not just in the States is fighting another war. "We are Middle East, but in the world,” he said. assisting Iraq in a very real battle that's

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Obama refused to speculate on obstinate amid the clouds of tear gas, what would happen if the Iraqis fail to others covered in pepper spray -- flood tackle the threat from the Islamic State. the Internet. But what is surprising "We're just getting started. Let's see about this week's images is that they how they do. I think that right now, come from Hong Kong, one of Asia's we've got a campaign plan that has a financial hubs and a territory known for strong chance for success in Iraq. I its stability. think Syria is a more challenging The impetus for these situation." pro-democracy protests, started by a Obama admitted that crises with student boycott of classes and joined by Ebola as well as Syria, Iraq and the group Occupy Central with Love Ukraine have made this a "significant" and Peace, was the Chinese period of his presidency. "You know, government's pronouncement that the we've had challenges before. And we've selection of candidates in Hong Kong's overcome them," he said. election in 2017 would be limited by a Concerning Russia, Obama said he pro-Beijing committee, a move that has always had a "business-like would ostensibly prevent a leader relationship" with President Vladimir resistant to Beijing's influence from Putin, one that is "blunt" and "firm." coming to power. (Source: The Washington Post Such an arrangement follows the 2014-09-28) letter of the Basic Law, which codified the policy of "one country, two Occupy Central is bigger than systems," as well as a 2007 decree by Hong Kong the National People's Congress that The images are all too familiar. promised universal suffrage in 2017, Young protesters, disenfranchised and but hardly their spirit. It is therefore no frustrated, take to the streets to fight a surprise that the signs have long government that is ignoring their seemed to point to an eventual clash of demands. At first peaceful, the protests perspective. are met with the heavy hand of riot Hong Kong was returned to police. Photographs of resilient mainland China from the British demonstrators -- some standing Commonwealth in 1997, its institutions grounded in Western and democratic

10/46 thought. Hong Kong's economic widely deleted search term on the freedoms and openness draws in social media site -- and Instagram was companies and individuals from around blocked for the first time in Hong the globe, further perpetuating the Kong. territory's ties to the outside world. On In the meantime, the Occupy the other side of the coin is Beijing, Central movement has already achieved well known for its opposition to the much by bringing greater attention to open flow of information and the Hong Kong's struggle for democracy. Western concept of democracy. As the removal of riot police reveals, Hong Kong protests: What you need the international presence in Hong to know Kong means that Beijing does not have Both sides have demonstrated the same freedom of action as it does restraint, with the protesters remaining on the mainland. In China, largely peaceful and the government demonstrations against issues such as pulling back riot police after a day of pollution, corruption and forced land aggressive crowd control tactics. seizures are common and Moreover, it is in the interest of both under-reported, caught behind the parties to maintain a low level of government's Great Firewall. But it is intensity. Violent escalation by the harder for the world to ignore the Occupy Central movement would only comprehensive and detailed reports justify an equally violent response, and emanating from Hong Kong. With their international condemnation and actions, the Hong Kong citizens are domestic anger would follow hostile assembling the pieces for greater civil action by the police. and political participation in not only That said, in a meeting with Hong Hong Kong but also mainland China. Kong's business elite, Chinese The possible financial ramifications of President Xi Jinping asserted that the Occupy Central movement could Beijing will not yield. The Chinese cause Beijing to seek a quick government is aggressively censoring conclusion to the demonstrations. After posts on Weibo, a popular social media all, with traffic bottlenecked by site -- censored posts reportedly protesters, business as usual in one of increased five-fold over the weekend, Asia's financial hubs and China's and "Hong Kong" is now the most financial center is in question. A

11/46 number of banks reportedly temporarily Mr. Narendra Modi taking office, he closed some of their branches and made every efforts to promote India. asked employees to work from home. On August 15, 2014, he made his Investors, too, are waiting to see the Speech from ramparts of Red Fort on outcome of the protests in Hong Kong Independence Day, has defined the before continuing projects. Should the future course of action for India. He demonstrations linger, Beijing might invited all the people in the world therefore need to reassess its tactics -- “Come, Make in India”, to make of though this could result in an even manufacturing driven economy. more aggressive crackdown. The mandate of Indian Government The road ahead will not be easy. Xi is to put India on a world map as a and the Communist Party are unlikely Manufacturing hub, the ways as to shift from the short-term tactic of following, censorship and suppression. The 1. Promoting growth of manufacturing leaders and participants of the Occupy industry & facilitating investment. Central movement risk arrest and 2. Framing Foreign Direct Investment censure in a territory and country that Policy, facilitating foreign investment values stability above all. But they are & bilateral/multilateral engagements carving out a space for civil and for industry and investment. political participation throughout 3. Administering intellectual property Greater China. regime consistent with international In the end, such participation will commitments. improve both China's governance and 4. Facilitating development of the lives of its people. Now if only industries through up-gradation of Beijing can get out of its own way. industrial infrastructure. (Source: Reuters 2014-09-30) 5. Responsibility as Administrative Ministry for specific industries

------allocated to the Department, viz cement, paper, boiler, leather, rubber, light Bilateral Meetings engineering, salt and consumer th The 14 Taiwan-India Joint Business industries. Councils Meeting In order to see by our self the new Ever since Indian Prime Minister opportunities as created by the

12/46 aggressive policy, CIECA organized a Conference on "Industrial business delegation to visit India from Cooperation between Taiwan and Sep.7 to Sep.12, 2014 wherein we India" as this axis, experts from both called on Mr. Amitabh Kant, Secretary sides were invited to elaborate and of Dep. of Industry Policy & Promotion, expand on various issues of mutual Ministry of Commerce & Industry, and concern at the meeting, such as Mr. Amarendra Sinha, Additional “Taiwan’s Economic Development Secretary of Ministry of Micro, Small and Cooperation with India” & Medium Enterprises in the morning “Investment opportunities in India” on September 8, 2014. All delegates “The ICT Cooperation of Taiwan – agreed that the attitude of New Indian India” Government is quite positive, they “Food Processing Industry in promised to respond within 72 hours to India” all those difficulties as encountered by “Smart Energy-Saving Innovative Taiwan investors whether commonly or Future” individually. “Taiwanese Company’s experience The “14th Taiwan-India Joint of Business Development in India Business Councils Meeting” was held market”. on Sep. 8, 2014 at Conference Hall of After the meeting, delegates all Federation of Indian Chambers of agree that India has a huge and ever Commerce and Industry (FICCI). The growing domestic market, and the new meeting was co-chaired by Dr. government is moving toward open, so Yen-Shiang Shih, Chairman of India now is the good timing for Taiwanese Committee, CIECA and Mr. Sidharth company to invest in India. Birla, President of FICCI. CIECA also arranged industrial Ambassador Chung-Kwang Tien, tours and courtesy calls for delegation Taipei Economic and Cultural Center in to visit the CINDA Engineering & India, was invited to make greeting Construction Pvt. Ltd; China Steel remarks at the Opening Ceremony. Corporation India Pvt. Ltd.; MediaTek Mr. C.Y. Wang, Chairman of CIECA India Technology Pvt. Ltd; Taipei made the special remarks. A total of Computer Association Bangalore 125 participants from Taiwan and India Office; also attended the INDIA attended the meeting. EMMA EXPO and the Taiwan-India

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Industry Cooperation & Networking Taiwan-Germany Joint Business Seminar. Council and Dr. Michael Fuchs, Chairman of Taiwan Committee of German Economy . A total of 90 participants from Taiwan and Germany attended the meeting. Mr. Jong-Chin

Shen, Vice Minister, Ministry of

Economic Affairs, Ms. Iris Gleicke, Opening ceremony at the 14th Taiwan-India Parliamentary State Secretary, Federal Joint Business Councils Meeting - From left Minister of Economics and Energy and to right: Dr. Yen-Shiang Shih, Chairman of Ms. Agnes Hwan-Yue Chen, India Committee, CIECA; Dr. A. Didar Singh, Representative, Taipei Representative Secretary General, FICCI; Mr. C.Y. Wang, Chairman of CIECA; Mr. Sidharth Birla, Office in the Federal Republic of President of FICCI; Amb. Chung-Kwang Tien, Germany also came to give welcome Representative of Taipei Economic and remarks. Cultural Center in India The Meeting focused on “ICT”, “Energy” and “Finance” sectors, with following: “Energy shift in Germany–Results of nationwide business survey” by Dr. Sebastian Bolay, Head of Department Energy, DIHK. “Taiwan’s Green Energy Industry and Collaboration Opportunities” by Dr. All speakers took group photo. Ren-Chain Wang, Division Director, Planning and Business Division, Green The 14th Germany-Taiwan Joint Energy & Environment Research Business Council Meeting Laboratories (GEL), Industrial The 14th Germany-Taiwan Joint Technology Research Institute. Business Council Meeting was held on “Energy shift – New incentives for September10, 2014 in Berlin. The energy efficiency and renewable Conference was co-chaired by Mr. energies” by Ms. Stefanie Theodore M. H. Huang, Chairman of Schmidt-Lübbert, Deputy Head of

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Division General Issues of Energy Policy and Optimisation, Federal Ministry of Economics and Energy, Germany. “Energy Saving & Green Energy Business Opportunities” by Mr. Vincent Lin, Operations Head EMEA, Delta Electronics, Inc. “Germany-Taiwan Collaboration Ms. Iris Gleicke, Parliamentary State Thoughts in ICT Business” by Dr. Secretary, Federal Minister of Economics and Chi-Yuan Chin, Chairman of Silicon Energy, Germany made greeting in the Touch Technology Inc. plenary session “Promoting Bilateral Trade between Germany and Taiwan through Bond Financing” by Mr. Sou-Shan Wu, Chairman, GreTai Securities Market. Taiwan delegation also visited Neue-Energien-Forum Feldheim, BAE Batterien GmbH, Sentech Instruments GmbH, Versatel Deutschland GmbH, BMW Group,etc. Mr. Jong-Chin Shen, Vice Minister, Ministry of Economic Affairs, ROC delivered greeting in the plenary session

The 14th Germany-Taiwan Joint Business Council Meeting took place at Deutsche Parlamentarische on September 10, 2014 in Dr. Michael Fuchs, Chairman of Taiwan Berlin Committee of German Economy received the

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Friendship Medal of Diplomacy by Ministry and Collaboration Opportunities” of Foreign Affairs, ROC by Dr. Ren-Chain Wang, Division Director, Planning and Business Division, Green Energy & Environment Research Laboratories (GEL), Industrial Technology Research Institute. - “Promoting Bilateral Trade between Luxembourg and Taiwan through Bond Financing” by Mr. Signing of Joint Statement by both Chairmen Sou-Shan Wu, Chairman, GreTai Securities Market, Taiwan. The 7th Luxembourg-Taiwan Joint The networking session was Business Council Meeting arranged for participants from both The 7th Luxembourg-Taiwan Joint sides to exchange views and explore Business Council Meeting was held at business cooperation between the two Luxembourg Chamber of Commerce on business communities in the afternoon. September 11, 2014 in Luxembourg. As part of the agenda of this The meeting was co-chaired by Mr. meeting, China Airline Chairman Theodore M. H. Huang and Mr. Huang-Hsiang Sun held the Jacques Lanners. A total of 85 celebration ceremony of the 25th participants from Luxembourg and Anniversary of Cargo Flight Operations Taiwan attended the meeting. Mr. in Luxembourg at the cargo terminal of Carlo Thelen, Director General, Luxembourg airport. CIECA delegation Luxembourg Chamber of Commerce also visited EBRC Data Center and and Representative Kuoyu Tung, Taipei Schengen Museum, etc. Representative Office in Brussels, were invited to present greetings. The Meeting focused on “Banking” and “Green Energy”, during the meeting, 2 speakers were invited to make presentations as follows: - “Taiwan’s Green Energy Industry

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The 7th Luxembourg-Taiwan Joint Business Network Session in Luxembourg Chamber of Commerce Council Meeting took place at Luxembourg

Chamber of Commerce on September 11,

2014, in Luxembourg

th The 25 Anniversary Activity of China Airlines Cargo in Luxembourg

Photo of important guests in the 7th Luxembourg-Taiwan Joint Business Council Meeting (from left side)Mr. Jacques Lanners, CEO of Ceratizit; Mr. Carlo Thelen, Director General, Luxembourg Chamber of Commerce; Mr. Theodore Huang, Chairman of Taiwan-Luxembourg Joint Business Council; Representative Kuoyu Tung, Taipei Signing MOU between GreTai Securities Representative Office in Brussels; Mr. Market and the Luxembourg Stock Exchange Huang-Hsiang Sun, Chairman of China

Airlines

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The 28th Joint Conference of Chairman of I-Mei Foods Co., Ltd.; Mr. ROC-Australia & Australia-Taiwan Andrew Simpson, Regional Manager – Business Councils South East Asia & Greater China of The 28th Joint Conference of Meat & Livestock Australia; Mr. James ROC-Australia & Australia-Taiwan Shih, Executive Vice President of Business Councils was held on Chang Hwa Bank; Dr. Raymond Yeung, September 18, 2014 at Windsor Hotel Senior Economist of ANZ Bank; and in Taichung. The conference was Mr. Chung-Hsing Chen, Executive co-chaired by Chairman Jo-Chi Tsou of Vice President of Mega Financial ROCABC and Chairman Ross Holding Company. Maddock of ATBC. A total of 121 During the visit to Taiwan, the participants from Taiwan and Australia Australian delegation also paid a visit attended the meeting. to CMP Block Museum of Arts and The 4 topics discussed at the 2014 Creative Taichung Exhibitions. conference were “cultural capital”, “mining & energy”, “food supply” and “finance”. Among the speakers were Mr. Brad Dunn, Executive Director of Nazori Pty Ltd.; Mr. Robert Yang, Assistant to CEO of Luili Gong Fang; Mr. Christopher Campbell, Group Managing Director of Academies Australasia; Mr. Albert T.P. Jen, Australian delegation visits CMP Block Deputy Director of Dept. of Fuels of Museum of Arts and 2014 Creative Taichung Taiwan Power Company; Mr. John exhibitions Toigo, Managing Partner of ClarkeKann Lawyers; Mr. Huan-Jen Lian, Manager Resources Development Dept. of China Steel Corporation; Mr. Simon Carter, CEO of Ironbridge Joint Venture (FMG); Ms. Hsiao-Jou Ku, Director of Planning Dept. of Taiwan Sugar Corporation; Mr. Henry Kao,

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Chairman Jo-Chi Tsou of the ROC-Australia Business Council (ROCABC) delivers his welcome remarks at the welcome dinner hosted by ROCABC

VIP guests at the 28th Joint Conference of ROCABC & ATBC- (starting from left) Parliamentary Secretary Gary Higgins for Northern Australia Development of Northern Territory Government; CEO Bruce Gosper of Representative Catherine Raper of the AUSTRADE; Chairman Ross Maddock of Australian Office, Taipei gives her remarks at ATBC; Chairman Jo-Chi Tsou of ROCABC; the welcome dinner hosted by ROCABC Mayor Jason Hu of Taichung; Deputy Director-General Cynthia Kiang of Bureau of Foreign Trade of Ministry of Economic Affairs, R.O.C.

Mayor Jason Hu of Taichung City Government delivers his welcome remarks at the 28th Joint Conference of ROC-Australia Chairman Jo-Chi Tsou of ROCABC shows and Australia-Taiwan Business Councils appreciation to CEO Bruce Gosper of AUSTRADE for his participation

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Sustainable Growth”, the conference was attended by approximately 200 participants from 22 countries. The Taiwan delegation was composed of prominent business leaders, namely Dr. Steve Hsieh, Convener of Board of Supervisors of CIECA and Vice Chairman of Chinatrust Financial

Chairman Ross Maddock of ATBC presents a Holding Company；Amb. John Feng, token of appreciation to Deputy Advisor of CIECA；Mr. Harvey Chang, Director-General Cynthia Kiang of Bureau of Chairman of TVBS Network ； Mr. Foreign Trade of Ministry of Economic Arthur Y. C. Chiao, Executive Director Affairs, R.O.C. for her participation of Chinese National Federation of Industries ； Mr. Liang-Tung Fan, Secretary General of Chinese National Association of Industry and Commerce, Taiwan (CNAIC)；and Mr. I-Min Tong, Director General of International Cooperation Department of Ministry of Economic Affairs. Mr. Arthur Y. C. Chiao, Executive Director of Chinese Chairman Ross Maddock of ATBC presents a National Federation of Industries, was token of appreciation to Chairman Jo-Chi one of the speakers in the plenary Tsou of ROCABC session. Dr. Gwo-Jiunn Huang, Fellow of Institute for Information Industry, The 28th CACCI Conference chaired the breakout session of the Digital Economy-Transforming the Mr. C. Y. Wang, Chairman of Market Place. Ms. Maggie Hsu, Senior CIECA led a delegation to attend the th Specialist of Incubation Division of 28 CACCI Conference in Kuala Small & Medium Enterprise Lumpur, Malaysia between September Administration of Ministry of 16 to 20. With the theme “Beyond 2020: Economic Affairs, was one of the Asia Pacific as an Engine for speakers of the breakout session of

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SME Development and Women Entrepreneurship. Dr. Chien-Fu Lin, Associate Dean of the Institute of Advanced Studies in Humanities and Social Sciences of National Taiwan University, was the speaker of the luncheon sponsored by Chinatrust Commercial Bank. The Conference deliberate on The 83th CACCI Council Meeting of the 28th various topics, including “Challenges in CACCI Conference the Post QE Era: Advancing Trade Liberalization and Regional Synergy”，“Services in the Asia-Pacific Region: Supporting the Growth of SMEs and Entrepreneurship” ， and “Investment Opportunities in Hydropower and Green Energy for Sustainable Development.” Furthermore, the 83rd CACCI Council Mr. Arthur Y. C. Chiao, Executive Director of Meeting approved the newly-elected Chinese National Federation of Industries, CACCI office bearers for the term spoke in the plenary session of 28th CACCI 2014-2016. Mr. Jemal Inaishvili, Board Conference of the Georgian Chamber of Commerce and Industry, was elected CACCI President. Mr. Samir Modi, Member of Executive Committee, Federation of Indian Chambers of Commerce and Industry, was Senior Vice President of CACCI. Amb. John Feng, Advisor of CIECA, was one of Vice Presidents of CACCI. Dr. Steve Hsieh, Convener of Ms. Maggie Hsu, Senior Specialist of Board of Supervisors of CIECA, was Incubation Division of Small & Medium Chairman of the Budget Commission. Enterprise Administration, Ministry of

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Economic Affairs made a presentation in the Ministry of Development, Industry and session of SME Development and Women Foreign Trade, led a 3-member official Entrepreneurship. delegation to visit Republic of China during September 22-26, 2014. In order to strengthen economic cooperation between Taiwan and Brazil, and to promote our investment in Brazil, the Chinese International Economic Cooperation Association (CIECA) organized a seminar on “Trade and Investment Opportunities in Brazil” in Dr. Gwo-Jiunn Huang, Fellow of Institute for the morning of September 24 at Taipei Information Industry, chaired the breakout World Trade Center Club. Dr. Han-Sun session of the Digital Economy-Transforming Chien, Vice Chairman of CIECA, the Market Place presided over the seminar, which was attended by a total of 75 participants from all kinds of industries in Taiwan. Mr. Sérgio Taam, Representative, Commercial Office of Brazil to Taipei and Mr. Da-Wei Hsu, Deputy Director General, Bureau of Foreign Trade Ministry of Economic Affairs (MOEA), were invited to give special remarks. Dr. Steve Hsieh, Convener of Board of Mr. Pedro Wendler presented Supervisors of CIECA addressed in the “2014 Brazil Trade and Investment luncheon sponsored by Chinatrust Opportunities Overview” ，he pointed Commercial Bank on Sep. 19 10 reasons of why should investeors should consider Brazil as their Trade and Investment Opportunities investing destination: in Brazil 1. Brazil is the second-largest At the invitation of Ministry of emerging market in the world after Economic Affairs of ROC, Mr. Pedro China Gabriel Wendler, Vice Minister of 2. Brazil was the 3rd-largest FDI

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recipient in 2012 and the top biofuel, orange juice, coffee, destination in Latin America. soybeans, beef, poultry, pork, 3. 40 million new consumers have tobacco and forest products. joined a burgeoning middle class 10. Brazil is a member of the South since 2003, driving growth across a American Common Market variety of sectors. (Mercosur) and is connected to all 4. The ‘B’ in BRICS – a global countries in South America by free growth engine for today and trade agreements. tomorrow. In the Q&A session, Mr. Liu Shie 5. Brazil is home to the world’s Lin, President of World Taiwanese 10th-largest petroleum reserves、 Chambers of Commerce shared his largest exporter and 2nd-largest experiences on investing in Brazil with producer of ethanol biofuel and Dr. Han-Sun Chien’s supplement largest river basin with explanation, the whole session were hydroelectric power supplying 73% very fruitful that helped the attendees to of Brazil’s energy needs. have a better understanding of investing 6. $15 billion in credit and grants to in Brazil. support innovative projects by companies and “Without Borders program” will send 100,000 of Brazilian students overseas to pursue graduate studies and research projects. 7. Young, dynamic workforce, supported by government professional training programs. Dr. Han-Sun Chien, Vice Chairman of CIECA 8. Brazil is making unprecedented and our VIP guests investments in infrastructure under the “Accelerated Growth Program” and the “Logistics Investment Program”. 9. Among the world’s top producers and exporters of sugar, ethanol

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Presentation by Mr. Pedro Gabriel Wendler,

Vice Minister of Ministry of Development, Industry and Foreign Trade

------

Guests From Abroad Mr. Jack MacGowan, Chief Executive Officer, Aer Rianta International visited Taiwan Mr. Sérgio Taam, Representative, Commercial Mr. Jack MacGowan, Chief Office of Brazil to Taipei, delivered special Executive Officer, Aer Rianta remarks International for operations and management of duty free shops visited Taiwan to attend “The Trinity Forum 2014” in Taipei on September 17-19, 2014. CIECA also arranged for him for business cooperation with Taoyuan Airport Corporation, Ever Rich Duty Free Shop and Tasa Meng Corperation. In addition, Dr. Chi-Yuan Chin, Mr. Da-Wei Hsu, Deputy Director General, Chairman, Taiwan-Ireland Economic Bureau of Foreign Trade Ministry of Cooperation Committee hosted a Economic Affairs (MOEA), delivered special welcome lunch at Taipei World Trade remarks Center Club with guests from Bureau of Foreign Trade, Ministry of Economic Affairs; Customs Administration, Ministry of finance; Green Master International Freight Services, Ltd.; GLORY Technology Presentation by Mr. Pedro Gabriel Wendler, Service Inc. and King Car Food Vice Minister of Ministry of Development, Industrial Co., Ltd. Industry and Foreign Trade

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cooperation. On September 25, Mr. Leon C.L. Lee, Secretary General of CIECA, hosted a dinner in honor of the Director at the Grand Hotel.

Ms. Lucie Vondrackova, Director of Trade Policy and International Economic Organizations Department of Ministry of Industry and Trade of the Czech Republic visited Taiwan At the invitation of Ministry of Group photo by Ms. Lucie Vondrackova, Economic Affairs, Ms. Lucie Director of Trade Policy and International Vondrackova, Director of Trade Policy Economic Organizations Department of and International Economic Ministry of Industry and Trade of the Czech Organizations Department of Ministry Republic (Left 2) and Mr. Leon Lee, the of Industry and Trade of the Czech Secretary General (Right 1) Republic visited Taiwan from September 22 to 27, 2014. Ms. Lucie ------Vondrackova called on Office of Trade Economic News Negotiations of Ministry of Economic Affairs, Chamber of Commerce of the Summary of Exports and Imports for Republic of China, Chinese National September 2014

Federation of Industries, Taiwan Highlights Institute of Economic Research and For the month of September 2014, Chung-Hua Institute for Economic total exports expanded 4.7% year on Research. The purpose of the visit is to year to US$ 26.43 billion. However, gain a better understanding of total imports rose by 0.2% from a year economic status in Taiwan to further earlier to US$ 22.93 billion. The trade promote bilateral economic balance of this month was favorable,

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amounting to US$ 3.50 billion. Stock Market 7,700 8,612 9315 9436 -- 1. Exports * September figures (Sources: Ministry of Finance & National Development Council) In Sep. 2014, comparing with the

same month of last year, exports of Economic Minister to attend APEC electronic products, basic metals and energy articles thereof grew by 13.7% and Economics Minister Woody Duh 6.8% respectively, however exports of Tyzz-Jiun will lead a delegation today plastics & rubber and articles thereof, to Beijing, China to attend the 2014 mineral products and chemicals APEC Energy Ministerial Meeting with declined 9.2%, 5.1% and 1.6% the intention of gaining support from separately. Asia-Pacific Economic Cooperation 2. Imports (APEC) members to back a natural gas In Sep 2014, comparing with the trade initiative that has been developed same month of last year, imports of by Taiwan. The meeting will be held in electronic products, basic metals and Beijing on Sept. 2-3. articles thereof, grew by 3.4% and The delegation is made up of 12.0% respectively, however imports of officials from the Ministry of Foreign mineral products, chemicals and Affairs, the Bureau of Energy and the machineries declined 10.1%, 4.6%, and Industrial Development Bureau of the 5.5% separately. (Department of Ministry of Economic Affairs (MOEA). Statistics 2014/10/07) The main topic this year highlights Economic Index cooperation to advance Asia to the %Change on 2012 2013 2014 status of a sustainable energy zone, previous year July Aug Sep with topics divided into four major GDP 1.48 2.11 -- 3.62 -- discussion panels. The four panels CPI 1.93 0.79 1.75 2.07 0.72 Unemployme include energy security, energy trade 4.24 4.18 4.02 4.08 -- nt rate and investment, energy efficiency and Export -2.3 1.4 5.8 9.6 4.7 sustainable communities as well as Imports -3.9 -0.2 9.5 14.1 0.2 clean energy sources and applications. Export orders 1.12 0.44 5.7 5.2 -- Officials from the MOEA have stated Industrial -0.25 0.65 6.15 7.03 -- production that the delegation is rigorously Monetary 3.5 5.8 5.6 5.7 -- prepared to exchange ideas and aggregate(M2)

26/46 opinions with fellow APEC energy Liquefied Natural Gas Trading within ministers. APEC Membership Areas, in hopes of Reportedly, Duh will be one of the removing bad policies and to promote first speakers at the meeting, and he trade efficiency within the Asia-Pacific plans to start by addressing the issue of area. The plan will encourage LNG energy trade and investment. During his producers and buyers to vitalize the speech, Duh will seek to stress the market to achieve a win-win situation, importance of a stable natural gas the officials said. supply and the development of trade in Duh will also aim to promote the liquefied natural gas (LNG), as these initiative during his trip, officials said, two elements are crucial to sustainable hoping to gain support on the energy development and energy safety Taiwan-developed energy initiative that in the APEC region. has already been backed by countries According to officials of the including the United States of America, MOEA Energy Bureau, LNG trading Russia, Japan, Korea and Indonesia. within Asia has not been in accordance (The China Post 2014-09-01) with international specifications. Imposed regulations such as the “take India and Australia sign nuclear fuel or pay” regulation have been noted to deal be unfriendly to buyers, which results Conservative leaders Tony Abbott in negative trade decisions. and Narendra Modi sealed a As LNG investment plans involve long-awaited nuclear energy deal on large sums of money, producers often Friday (Sep 5), paving the way for seek to sign long-term contracts with Australia to sell uranium to India, buyers to stabilize production. However, crippled by power shortages and buyers are generally not willing to blackouts. increase their purchase amount, which The two prime ministers hailed the in turn results in developers lacking the deal as "a concrete symbol" of capital for equipment upgrades, strengthening trade and strategic ties officials said. following their talks in the Indian To improve the situation, MOEA capital. The agreement signing came at officials stated that Taiwan has the end of Abbott's two-day trip to India developed the Initiative to Promote to meet fellow right-wing leader Modi,

27/46 who rode to power in May on pledges cent of its total power capacity from to revive and reform India's ailing nuclear sources. economy - including by tackling its Although two-way trade last year vast power problems. was only US$15 billion (S$18.8 Modi called the deal a "historic billion), the new deal, along with a milestone" in the two countries' massive coal mine approved in relationship that would help provide Australia for one of India's biggest clean energy to India's 1.25 billion conglomerates, was a sign of future people. cooperation and potential, Abbott said. Abbott said he "trusted" "We (Australia) have been an utterly nuclear-armed India would use the dependable source of energy security, uranium solely for peaceful purposes, resource security and food security," following proliferation concerns. Abbott told Indian business leaders "Australia trusts India to do the right earlier Friday. "I hope that we can thing in this area," Abbott said after the become an utterly reliable source of signing. energy, resource and food security for India and Australia kick-started India too," he added. negotiations on uranium sales in 2012 MUTUAL TRUST after Canberra lifted a long-time ban on Australia, the world's third-biggest exporting the valuable ore to New uranium producer, had previously ruled Delhi to meet its ambitious nuclear out uranium exports to India because energy programme. New Delhi has not signed the global India, which is heavily dependent non-proliferation treaty. Both India and on coal, is struggling to produce its neighbouring rival Pakistan have enough power to meet rising energy nuclear weapons, and along with Israel demand as its economy and large and North Korea are the only countries middle-class expand. Nearly 400 not to have signed the non-proliferation million Indians still have no access to treaty to prevent the spread of nuclear electricity, according to the World Bank, warheads. and power outages are common. India Abbott reiterated Friday that his wants to ramp up the number of nuclear government has now received the plants from the 20 operating at six sites. necessary commitments from New The country derives less than two per Delhi that it would only use the ore for

28/46 its civilian nuclear programme. He said India-Australian scientific projects. (Channel NewsAsia 2014/09/6) India and Australia both abided by the fundamental "ethical principle" to "play Taiwan, Singapore to create link by the rules". "This is why we can work between stock markets together so easily and why we're ready Following a trading link agreement to trust each other on issues like signed between mainland China and uranium safeguards." Hong Kong, the Taiwan Stock Australia's decision to overturn its Exchange (TWSE) and Singapore ban followed a landmark US agreement Exchange (SGX) on Wednesday made in 2008 to support India's civilian moves in the same direction in a bid to nuclear programme. Under the provide more diversified portfolios agreement, India won exemption from across the two markets. the Nuclear Suppliers Group, which TWSE and SGX yesterday signed a governs nuclear trade, allowing it to letter of intent (LOI) to study and work buy reactors and fuel from overseas, toward linking the two stock markets after decades of being treated as a yesterday. pariah for building nuclear weapons. Both Taiwan and Singapore offer Asked on Thursday about India's various products for both domestic and management of its nuclear power foreign investors. TWSE and SGX will industry and safety standards, Abbott look into a link which can provide said it was "not our job to tell India members of each of the exchanges an how to conduct its internal affairs". efficient, cost-effective and direct way "Our job is to try to ensure we act in to trade, clear, settle and customize accordance with our own standards of stocks listed on the other exchanges. decency and that's what we intend to Any such link will be subject to do," he said. During his meeting with Modi, regulatory approvals. Abbott handed back two centuries-old TWSE Chairman Lee Sush-der statues allegedly looted from Indian told the United Evening News that the temples, ending a long-running battle future policy of cooperation between over the pieces. Abbott also met senior the two exchanges will be chartered in ministers in the Indian capital, visited a hospital trauma centre and announced six months. US$20 million in funding for Inking of the LOI came on the

29/46 heels of a trading link of equities international cooperation. The signing markets between Shanghai and Hong of the LOI is a practical mechanism for Kong. facilitating cross-border trade and will On Sept. 4, the Shanghai and Hong enable TWSE and SGX to provide Kong Stock Exchanges, as well as their more diversified services to their clearing houses, agreed on a basic respective market investors, said Lee blueprint, signifying that plans for a Sush-der. new link opening up mutual stock International investors keen on market access between mainland China Greater China opportunities are coming and Hong Kong have moved forward. to Singapore and Taiwan because both Dream China Dream sides are leading offshore RMB centers. The scheme, dubbed by There is therefore potential for Chinese-language media as cooperation in infrastructure and other Shanghai-Hong Kong Stock Connect, areas so as to better serve these will allow investors with access to one investors, said SGX Chief Executive market to buy and sell eligible shares Officer Magnus Bocker. (The China listed on the other. The Stock Exchange Post 2014/09/11) of Hong Kong and its clearing house Hong Kong Securities Clearing Cathay United Bank opens Company Limited (HKSCC), along representative office in Yangon with the Shanghai Stock Exchange Cathay United Bank, the banking (SSE) and ChinaClear, signed the arm of Cathay Financial Holding Co., four-party agreement. opened a representative office in TWSE lists 814 stocks, ETFs, Myanmar on Friday in a bid to tap into warrants and Taiwan Depository the fast growing Association of Receipts (TDRs). Southeast Asian Nations (ASEAN) SGX has offered MSCI Taiwan economic bloc. futures for 18 years. It also lists China Cathay United Bank became the A50, AsiaClear iron ore futures, and third Taiwanese bank to set up a 770 stocks including renminbi (RMB) representative office in Yangon, shares. Myanmar's commercial center and TWSE and SGX have built a broad former capital, after First Commercial consensus around expanding Bank and E. Sun Commercial Bank.

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The bank, a subsidiary of Cathay District. Financial Holding Co., said the The bank said it currently runs 62 representative office will serve as a overseas outlets, and those in Asia channel to collect business information account for more than 90 percent of the and develop business ties in the total, an indication that the bank has Southeast Asian country. devoted most of its attention to the The office will try to capitalize on regional market. (Central News Agency the market-opening measures promoted 2014-09-19) by Myanmar, explore the expanding ASEAN market, and provide Taiwanese Canada Signs Free Trade Agreement investors operating in Myanmar with With South Korea: Agri Industry better services, the bank said. Jubilant Cathay United Bank has obtained Canada and South Korea signed a approval from the Financial Free Trade Agreement on Monday. Supervisory Commission, Taiwan's Prime Minister Stephen Harper and financial regulator, to set up a branch in visiting South Korean President Park Yangon, according to the commission. Geun-hye signed the bilateral FTA and In addition to the Yangon office, described it as a strategic partnership Cathay United Bank has set up either agreement reported Cbc.Ca. branches or representative offices in six Prime Minister Harper described other ASEAN countries: Vietnam, South Korea as Canada's best possible Cambodia, Thailand, Singapore, partner in pursuing more such deals in Malaysia and the Philippines. Asia and termed Park's state visit as Elsewhere in Asia, Cathay United "historic." Bank operates a branch in Shanghai Boost for Canadian Exports and two Shanghai sub-branches, one in The free trade deal was clinched the China (Shanghai) Pilot Free-Trade after decade long parleys. It is expected Zone and another in Minhang District. the deal would zoom Canadian exports The bank will open a branch in to South Korea by 32 per cent and Qingdao soon, and it is seeking to make the economy grow by $1.7 billion. establish a branch in Shenzhen, a The Korea trade deal is Canada's first subsidiary in Shanghai and another ever trade deal in the Asia Pacific Shanghai sub-branch in Jiading

31/46 region and a stepping stone to Canada's Canadian beef. Pork Council over arching trade ambitions in the spokesperson Gary Stordy said the deal region. has put Canada on an even keel with This is the second major deal many of the competitors. Noting that Canada is endorsing in Asia. The South the U.S., E.U. and Australia are already Korean trade pact and Investment having trade agreements with South protection agreement (FIPA) with Korea, Canada was at a disadvantage so China are two major milestones in the far. The deal has corrected that Canadian government's pursuit for imbalance. The existing trade between boosting business ties with leading Canada and South Korea is about $10 Asian economies. Both Park and billion per annum. (International Harper expressed the confidence that Business Times 2014-09-23) they will be able to build more on the current agreement. India space agency successfully puts Park noted the scope for spacecraft into Mars orbit cooperation in energy and other sectors. India triumphed in its first The Korean President saw a definite interplanetary mission, placing a synergy in Canada's expertise in satellite into orbit around Mars on exploration and extraction of gas and Wednesday morning and catapulting crude oil. South Korea is ahead in the country into an elite club of smart grid and clean energy technology. deep-space explorers. So, these strengths can be leveraged Scientists broke into wild cheers as ideally for better technological the orbiter's engines completed 24 co-operation, the Korean president minutes of burn time to maneuver the noted. spacecraft into its designated place Agri Sector Hails FTA around the red planet. The FTA has been welcomed by “ We have gone beyond the Canada's agricultural industry and boundaries of human enterprise and noted the deal will put Canadian innovation,” Prime Minister Narendra farmers at par with other markets. Modi said, standing alongside scientists Canada exports 60 per cent of its pork with the Indian Space and Research to other countries, reported Toronto Organisation at the command center in Sun. South Korea is a top importer of

32/46 the southern tech hub of Bangalore. The former Soviet Union reached the “ We have navigated our craft planet in 1971, and the European Space through a route known to very few,” Agency in 2003. Modi said, congratulating the scientists The U.S. space agency NASA and “all my fellow Indians on this congratulated India in a Twitter historic occasion.” message welcoming MOM to studying Scientists described the final stages the red planet. of the Mars Orbiter Mission, On Sunday, NASA achieved its affectionately nicknamed MOM, as own success in placing its Mars flawless. The success marks a Atmosphere and Volatile Evolution milestone for the space program in mission, or Maven, in position. The demonstrating that it can conduct U.S. has two more satellites circling the complex missions and act as a global planet at the moment, as well as two launch pad for commercial, rovers rolling across the rocky Martian navigational and research satellites. surface. The European Space Agency's It's also a major feat for the Mars Express, launched over a decade developing country of 1.2 billion ago, is still operating as well. people, most of whom are poor. At the India was particularly proud that same time, India has a robust scientific MOM was developed with homegrown and technical educational system that technology and for a bargain price of has produced millions of software about US$75 million — a cost that programmers, engineers and doctors, Modi quipped was lower than many propelling many into the middle class. Hollywood film budgets. By Getting a spaceship successfully comparison, NASA's much larger into orbit around Mars is no easy task. Maven mission cost nearly 10 times as More than half the world's previous much at US$671 million. (The China attempts — 23 out of 41 missions — Post 2014-09-25) have failed, including one by Japan in 1999. Cambodia, Australia to sign The United States had its first controversial refugee accord success with a 1964 flyby by a Cambodia said Wednesday it spacecraft called Mariner 4, returning would sign an agreement to resettle 21 images of the surface of the planet.

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Australia-bound refugees on its soil, offering Cambodia to take refugees is despite opposition from rights groups to also unknown. the rerouting of asylum-seekers to one Cambodia is one of the poorest of Southeast Asia's poorest nations. countries in Southeast Asia, with Under its hard-line immigration around 20 percent of the population — policy Australia already sends or 2.8 million people — living in asylum-seekers arriving by boat to poverty, according to the World Bank. camps on Manus Island in Papua New Rights groups say it is ill equipped Guinea and the remote Pacific state of to handle any intake of refugees, Nauru for processing and resettlement. especially since its weak justice system They will not be allowed to settle and reputation for rights violations in Australia even if judged to be could leave newcomers prone to abuse. genuine refugees. Ou Virak, chairman of the Australian immigration minister Cambodian Center for Human Rights, Scott Morrison will visit Cambodia slammed the proposed deal as “a failure Friday to sign a memorandum of for refugees.” understanding “relating to the “It looks like Australia has bought Settlement of Refugees in Cambodia,” Cambodia to provide services for Cambodia's foreign ministry said in a refugees,” he told AFP. statement. Australia's conservative Cambodian authorities declined to government this month hailed its give further details of the agreement. “extraordinary” success in halting A spokesman for Morrison asylum-seekers arriving by boat — confirmed he would travel to Cambodia only one boatload of asylum-seekers this week but gave no more details. has reached the Australian mainland Cambodia has previously said it since December, compared to almost would only accept voluntary daily arrivals under the previous asylum-seekers bound for Australia. administration. It is not known how many refugees But Australia has earned strong would be transferred or how they criticism for its dual policies of would be accommodated under such a offshore processing and turning back deal. boats destined for its shores. The amount of money Australia is Two weeks ago the U.N. High

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Commissioner for Human Rights said out the tariffs on an additional 10 the policies were leading to “a chain of percent of tariff lines over three years. human rights violations.” On trade in services, Hong Kong On Wednesday Australia's shadow service providers will enjoy legal immigration minister Richard Marles certainty in market access and national called for more details on the deal with treatment for a comprehensive range of Cambodia, expressing “serious services in the Chilean market. concerns” over how it may work. (The Chile's commitments encompass China Post 2014-09-25) sectors where Hong Kong has traditional strengths or has potential for Free Trade Agreement between HK, development, such as financial services, Chile to enter into force telecommunications services, various The Free Trade Agreement between business and professional services, Hong Kong, China and Chile will enter tourism services, environmental into force on Oct. 9, 2014, a services, and services related to government spokesperson said Friday. innovation and technology. The agreement, signed on Sept. 7, On investment, Hong Kong investors 2012, expands Hong Kong's existing will have legal certainty on national free trade agreement network from the treatment in respect of their Asia-Pacific and European regions to investments in specified non-services the Americas. sectors in Chile. It covers a wide range of areas To further enhance investment flows including trade in goods and services, between Hong Kong and Chile, the two investment, and other related areas. sides will negotiate a separate and Under the agreement, traders and comprehensive agreement on investors of both sides can enjoy investment upon entry into force of the preferential access to the respective agreement. markets. The agreement also contains On trade in goods, for goods provisions to promote competition, originating from Hong Kong, Chile facilitate access to each other's will abolish import tariffs on around 88 government procurement market, percent of its tariff lines, and will phase enhance co-operation in customs procedures and protect the environment,

35/46 among others.（Xinhua News Agency The “vulture funds,” as Buenos 2014-10-03） Aires calls them, won a US$1.3 billion Argentina exits recession in second ruling in their favor and a court order quarter with 0.9% growth: INDEC blocking Argentina from paying Argentina exited its recession with creditors who agreed to take losses of 0.9-percent economic growth in the up to 70 percent on their bonds until it second quarter, national statistics settles the dispute. (The China Post institute INDEC said Wednesday, a 2014-09-26) rare bit of good news amid the country's new debt default. Saudi Arabia: Surprise boost to domestic But with inflation estimated at more film industry than 30 percent and the value of the Film production, distribution and peso tumbling, Latin America's screening has been added to the labour third-largest economy is still mired in a ministry's list of approved economic slowdown after averaging 7.8-percent activities, the official Saudi Gazette annual growth from 2003 to 2011. reports. At the moment there are few Economic analysts are forecasting details, but the kingdom's small film the economy will shrink two percent industry is excited. this year, though the government is The subject matter of films are forecasting a return to economic restricted in Saudi Arabia, as is the growth of 2.8 percent in 2015. work of female actors. Cinemas The end of the boom has revived the themselves are scarce - there's only one ghost of Argentina's 2001 economic in the entire country in the Gulf coast crisis, when it defaulted on US$100 city of Khobar - because they are places billion in debt and deadly riots erupted where men and women might mix in the streets. unsupervised. Some people are happy The government's bid to restructure they won't have travel into next-door its defaulted debt has been derailed by Bahrain or the Emirates to see a film, a U.S. court battle with two hedge the Khaleej Times reports. But opinions funds demanding full payment on their on social media are mixed, with others Argentine bonds. worried films will have a negative impact on the kingdom's traditional

36/46 society. has been hurt by soft local demand for Leading producer Omar al-Jaber cement this year, reporting falling hopes the change will mean young year-on-year profit in the previous two directors aren't forced to go abroad to quarters. make their films, given the "lack of Up to August, its sales had dropped prospects in our own country". He tells 14 percent year-on-year because of Arab News the move could stimulate increased volumes being produced by "employment opportunities and let Saudi cement firms and stagnant young people realize their creative demand, it said in a statement on potential". Monday. "The feasibility of operating Saudi Arabia made news last year these two kilns shall be reconsidered when woman director Haifaa whenever market conditions warrant al-Mansour shot Wadjda, a film about a that," the statement said. (REUTERS young girl who wants to cycle in public 2014-09-23) but can't because of the local interpretation of Islamic law. Central America seen growing 3.8 Al-Mansour had to stay inside a percent production vehicle while directing the Central America's economy will film so she wouldn't be seen among grow 3.8 percent this year, according to men on the streets of the capital Riyadh. the International Monetary Fund's most It became the first Saudi film submitted recent Global Economic Outlook for a Best Foreign Language Oscar. report. (BBC News 2014-09-19) Leading the region will be Panama, expected to grow 6.6 percent this year Saudi Cement keeps Hofuf kilns and 6.4 percent in 2015. closed due to weak demand Nicaragua is seen in second place, Saudi Cement Co., the Kingdom's with an expected 4 percent growth this largest listed cement producer by year and next, and in third place market value, said it would not restart Guatemala, with a 3.4 percent growth after refurbishment work two kilns at this year, and 3.7 percent in 2015. its Hofuf factory due to high inventory (Centralamerica Link 2014/10/08) levels and weak demand. The company

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GLOBAL ECONOMIC INDICATORS-OUTPUT, PRICES AND UNEMPLOYMENT (％ change on a year ago) Gross domestic product Industrial Consumer prices Unemployment production Rate, ％ latest quarter 2014 2015 latest latest Year 2014 ＊ ＊ ＊ ago ＊ United States 2.5(Q2) 4.2 2.0 3.0 4.1(Aug) 1.7(Aug) 1.5 1.9 6.1(Aug) China 7.5(Q2) 8.2 7.5 7.0 6.9(Aug) 2.0(Aug) 2.6 2.3 4.1(Q2) Japan -0.1(Q2) -7.1 1.3 1.2 -0.7(Jul) 3.4(Jul) 0.7 2.8 3.8(Jul) Britain 3.2(Q2) 3.4 3.2 2.8 1.7(Jul) 1.5(Aug) 2.7 1.7 6.2(Jun) Canada 2.5(Q2) 3.1 2.3 2.5 5.7(Jun) 2.1(Aug) 1.1 1.9 7.0(Aug) Euro area 0.7(Q2) 0.1 0.9 1.3 2.2(Jul) 0.4(Aug) 1.3 0.6 11.5(Jul) Austria 0.6(Q2) nil 1.4 1.7 1.0(Jun) 1.7(Aug) 1.8 1.6 4.9(Jul) Belgium 1.0(Q2) 0.3 1.2 1.4 1.6(Jun) nil(Aug) 1.0 0.9 8.5(Jul) France 0.1(Q2) -0.1 0.5 1.0 0.1(Jul) 0.4(Aug) 0.9 0.8 10.3(Jul) Germany 1.3(Q2) -0.6 1.7 1.8 2.4(Jul) 0.8(Aug) 1.5 1.0 6.7(Aug) Greece -0.3(Q2) na 0.4 2.3 -2.1(Jul) -0.3(Aug) -1.3 -1.2 27.0(Jun) Italy -0.2(Q2) -0.7 nil 0.8 -1.8(Jul) -0.1(Aug) 1.2 0.4 12.6(Jul) Netherlands 1.1(Q2) 2.8 0.5 1.4 0.7(Jul) 1.0(Aug) 2.8 0.7 8.0(Aug) Spain 1.2(Q2) 2.3 1.1 1.6 0.9(Jul) -0.5(Aug) 1.5 0.1 24.5(Jul) Czech 2.7(Q2) -0.1 2.5 2.7 8.6(Jul) 0.6(Aug) 1.3 0.6 7.4(Aug) Republic Denmark -0.1(Q2) -1.0 1.3 1.7 -6.5(Jul) 0.5(Aug) 0.4 0.8 5.1(Jul) Hungary 3.9(Q2) 3.1 3.0 2.4 12.1(Jul) 0.2(Aug) 1.3 0.3 7.9(Jul) Norway -0.3(Q2) 3.7 2.1 2.5 -4.1(Jul) 2.1(Aug) 3.2 2.0 3.4(Jul) Poland 3.3(Q2) na 2.7 3.5 -1.9(Aug) -0.3(Aug) 1.1 0.3 11.7(Aug) Russia 0.8(Q2) na 0.4 1.0 0.1(Aug) 7.6(Aug) 6.5 7.5 4.8(Aug) Sweden 2.6(Q2) 2.9 2.3 2.8 -5.7(Jul) -0.2(Aug) 0.1 0.1 7.4(Aug) Swiss 0.6(Q2) -0.2 1.9 2.2 3.1(Q2) 0.1(Aug) nil 0.1 3.2(Aug) Turkey 2.1(Q2) na 3.0 4.0 -4.6(Jul) 9.5(Aug) 8.2 8.9 9.1(Jun) Australia 3.1(Q2) 2.0 3.0 2.8 4.6(Q2) 3.0(Q2) 2.4 2.8 6.1(Aug) Hong Kong 1.8(Q2) -0.6 2.4 2.6 2.2(Q2) 3.9(Aug) 4.5 3.7 3.3(Aug) India 5.7(Q2) 3.1 6.0 6.5 0.5(Jul) 7.8(Aug) 9.5 8.4 8.8(2013) Indonesia 5.1(Q2) na 5.2 5.9 1.4(Jul) 4.0(Aug) 8.2 5.6 5.7(Q1) Malaysia 6.4(Q2) na 6.0 5.4 0.5(Jul) 3.3(Aug) 1.9 3.1 2.8(Jun) Pakistan 5.4(2014) na 5.4 4.2 1.2(Jul) 7.0(Aug) 8.5 8.3 6.2(2013) Singapore 2.4(Q2) 0.1 3.5 3.8 3.3(Jul) 0.9(Aug) 2.0 1.8 2.0(Q2) South Korea 3.5(Q2) 2.0 3.6 3.7 3.4(Jul) 1.5(Aug) 1.5 1.5 3.3(Aug) Taiwan 3.7(Q2) 3.9 3.5 3.3 7.0(Aug) 2.1(Aug) -0.8 1.5 3.9(Aug) Thailand 0.3(Q2) 3.5 1.9 4.5 -5.2(Jul) 2.1(Aug) 1.6 2.4 1.0(Jul) Argentina nil(Q2) 3.6 -1.4 1.9 -0.7(Jul) - - - 7.5(Q2) Brazil -0.9(Q2) -2.4 0.4 1.4 -3.5(Jul) 6.5(Aug) 6.1 6.3 4.9(Apr)

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Chile 1.9(Q2) 0.6 2.2 3.6 -2.6(Jul) 4.5(Aug) 2.3 4.1 6.5(Jul) Colombia 4.3(Q2) -0.6 5.0 4.4 1.8(Jul) 3.0(Aug) 2.3 2.9 9.3(Jul) Mexico 1.6(Q2) 4.2 2.4 4.0 2.1(Jul) 4.1(Aug) 3.5 3.8 4.9(Aug) Venezuela 1.0(Q2) 3.6 -2.5 -0.5 0.8(Sep) 63.4(Aug) 45.4 64.4 6.7(Jul) Egypt 2.5(Q1) na 1.8 3.3 20.0(Jul) 11.5(Aug) 9.8 9.5 13.3(Q2) Israel 1.0(Q2) 1.5 2.4 3.6 -2.2(Jul) nil(Aug) 1.3 0.8 6.4(Aug) Saudi Arabia 4.0(2013) na 4.0 4.4 na 2.8(Aug) 3.5 2.9 5.6(2013) South Africa 1.0(Q2) 0.6 2.0 3.4 -8.0(Jul) 6.4(Aug) 6.4 5.9 25.5(Q2) Source: Haver Analytics NOTE: Hover over entries marked * to reveal supplemental information Source: http://www.economist.com/indicators

39/46 Republic of China Updated October, 2014

General Information Land Area 36,193 sq. km Population 23.39million (7/2014) Population of Capital Taipei 2.69million (6/2014) Capital National Day October 10 Country Code 886 Exchange Rate Currency New Taiwan Dollar US$1=NT$ 29.91 (7/2014) 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 (World Trade Organization) since 2002 3. ADB (Asian Development Bank) since 1966

Observer: 1. WHA (World Health Assembly of World Health Organization) since 2009 2. OECD (Organization for Economic Cooperation 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 Tyzz-Jiun DUH, Minister of Finance Sheng-Ford CHEN Structure The ROC government is divided into central, provincial and municipal, as well as county and city levels. The central government is consisted of the Office of the President and 5 branches (called “Yuan”) - the Executive Yuan (Cabinet), the Legislative Yuan, the Judicial Yuan, the Examination Yuan, and the Control Yuan. 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 Economic Growth GDP US$4,893 billion 2.98% Rate Consumer Price 0.72% (Sep 2014) GDP per capita US$21,557 Inflation 0.79% (2013) 40/46 Republic of China Updated October, 2014

4.18% (2013) Unemployment Rate 4.08% (Aug 2014)

Major Industries electronics, communications and information technology products, chemicals, textiles, iron and steel, machinery, cement, pharmaceuticals Exports US$ 26.43billion (September 2014, up 4.7% of the same month of 2013) US$ 234.65 billion (Jan.-September, 2014) US$ 305.4 billion (2013, up 1.4% of 2012) 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 semiconductor devices, Printed circuit Major Export China, Hong Kong, U.S., Japan, Singapore, Korea, Vietnam, Malaysia, Markets Germany, Philippines Imports US$ 22.93 billion (September 2014, up 0.2% of the same month of 2013) US$ 208.30 billion (Jan.-September, 2014) US$ 270.0 billion (2013, down 0.1% of 2012) Major Import Electronic integrated circuits, Petroleum oils and oils obtained from Items bituminous minerals (crude and non-crude), Machines 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, Saudi Arabia, Australia, Germany, Malaysia, Markets Singapore, Kuwait Foreign Reserves US$420.69 billion (until September 2014) Outward FDI US$ 3.69 billion (2011) (Source: Investment US$ 8.09 billion (2012) Commission, MOEA) US$ 5.23 billion (2013) Inward US$ 4.95 billion (2011) Investment US$ 5.55 billion (2012) (Source: Investment US$ 4.93 billion (2013) Commission, MOEA) Foreign Direct Investment Stock: US$ 126.3 billion (2013 accumulated) (Source: Investment FDI: US$ 4.93 billion (2013) Commission, MOEA)

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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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2014 CIECA Tentative Event Plan （Asia, Africa, Latin America, South Asia, Middle East） Revised on 2014/10/16

No. Date Events Venue

1. January 12-14 CACCI Planning Committee Meeting Kuala Lumpur

2. February 26-28 AFRICALLIA 2014 Ouagadougou

3. March 1-4 The 3rd Nigeria-Taiwan Joint Business Councils Meeting Lagos

4. March 5-8 The 1st Taiwan-Mauritania Joint Business Councils Meeting Nouakchott

5. April 15 Trade and Investment Opportunities in Colombia Taipei

6. April 22 Taiwan and Haiti Partnership and Investment Opportunities Taipei

7. May 5-7 The 12th Joint Conference between SBF & CIECA Singapore

8. May 18-23 The 6th Taiwan-Israel Joint Business Councils Meeting Tel-Aviv

9. May 21-25 The 13th Joint Meeting between CIECA & MNCCI(Mongolia) Ulaanbaatar

The 19th Joint Economic Cooperation Conference between 10. May 30 Taipei Indonesia and Taiwan

11. June 19 Trade and Investment Opportunities in Dominican Republic Taipei

12. June 24 The 7th Argentina-Taiwan Joint Business Councils Meeting Taipei

13. June 26 Trade and Investment Opportunities in Solomon Islands Taipei

14. August 6 Seminar on Mexico Investment Taipei

15. September 7-12 The 14th Taiwan-India Joint Business Councils Meeting New Delhi

September The 28th Joint Conference of ROC-Australia & Australia-Taiwan 16. Taichung 17-19 Business Councils September 17. The 28th CACCI Conference Kuala Lumpur 17-19

18. September 24 Trade and Investment Opportunities in Brazil Taipei

September- 19. The 2nd Joint Meeting between CIECA & CCC(Cambodia) Phnom Penh November

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No. Date Events Venue

September - 20. The 5th Taiwan-Bangladesh Joint Business Councils Meeting Dhaka November

21. October 9 Trade and Investment Opportunities in Paraguay Taipei

22. November 11 The 15th Malaysia-Taiwan Joint Economic Conference Taipei

23. November 12 The 12th Taiwan-Peru Joint Business Councils Meeting Taipei

November 18 The 10th Taiwan-Chile Joint Business Councils Meeting Santiago 24.

November 19 The 39th Joint Conference of ROC-Korea and Korea-Taiwan Taipei 25. Business Councils

26. November 20 The 3rd Taiwan-Dominica Joint Business Councils Meeting Santo Domingo

27. November 24 The 1st Taiwan-Haiti Joint Business Councils Meeting Port-Au-Prince

28. November The 2nd Joint Meeting between CIECA & UMFCCI (Myanmar) Taipei

November 30- The 24th Joint Economic Cooperation Meeting between CIECA & 29. Bangkok December 2 FTI(Thailand)

30. December The 3rd Taiwan-Saudi Arabia Joint Business Councils Meeting Riyadh

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2014 CIECA Tentative Event Plan Europe

No. Date Events Venue

1. March 4 Seminar on Business Opportunities in Russia Taipei

2. March 25 Seminar on Business Opportunities in Finland Taipei

3. May 6 The 5th Joint Meeting of Taiwan-Turkey Business Council Taipei

4. May 7 The Belgium-Taiwan Joint Business Council Meeting Brussels

5. May 12 The 2nd Norway-Taiwan Joint Business Council Meeting Oslo

6. May 19 The 16th Joint Meeting of Taiwan Britain Business Council London

7. May 22 The 1st Ireland-Taiwan Joint Business Council Meeting Dublin

8. June 2-3 2014 Taiwan Economic and Trade Delegation to Malta Valletta

9. June 5 The 13th Session of Taiwan-Czech Joint Business Council Prague

10. June 11 The 21st French-Taiwanese Economic Cooperation Conference Paris

Seminar on Industrial Overview/Trade & Investment Opportunities in 11. July 1 Taipei Lithuania and Baltic Region

12. July 9 Seminar on Business Opportunities in Spain Taipei

13. August 27 The 3rd Taiwan-Finland Business Forum Taipei

14. Sept. 10 The 14th Germany-Taiwan Joint Business Council Meeting Berlin

15. Sept. 11 The 7th Luxembourg-Taiwan Joint Business Council Meeting Luxembourg

16. Sept. 29 Lithuania-Taiwan Business Forum Vilnius

17. Oct. 1 The 3rd Estonia-Taiwan Business Forum Tallinn

18. Oct. 6 The 5th Russia-Taiwan Business Forum Moscow

19. Oct. 21 Seminar on Business Cooperation Opportunities in Turkey Taipei

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No. Date Events Venue

20. Nov. 4 The 2nd Taiwan-Portugal Economic Cooperation Conference Taipei

21. Nov. 12 The 30th Chinese-Swedish Joint Business Council Meeting Taipei

22. Nov. 20 The 1st Taiwan-Denmark Joint Business Council Meeting Copenhagen

23. Nov. 24 The 7th Austria-Taiwan Economic Cooperation Conference Vienna

24. Nov. 26 2014 Taiwan Economic and Trade Delegation to Slovenia Ljubljana

25. Dec. 9 The 12th Taiwan-Poland Economic Cooperation Conference Taipei

26. Dec. 10 Seminar on Business Opportunities in Czech Taipei

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