CIECA News Letter

No. 18 / November, 2013

Index

 Headline News ...... P.2  Taiwan, Singapore sign ASTEP pact  Taiwan manufacturing PMI rises in November  Special Report ...... P.4  Eurozone inflation rise eases pressure on ECB  Kenya launches mega $13.8 bn railway project  Philippine economy slips to 7% in third quarter  Bilateral Meetings ...... P.8  The 1stJoint Meeting between CIECA and UMFCCI  The 6th Taiwan –Luxembourg Joint Business Council Meeting  Taiwan-New Zealand Business Leaders Forum  The First Portugal-Taiwan Joint Business Council Meeting

 2013 The Joint Conference of the Spain-Taiwan Economic and Business Cooperation Committee  The 12th Session of the Taiwan -Czech Joint Business Council  Guests From Abroad ...... P.16  Mr. Eray Akdağ, Permanent Ankara Representative & Main Liaison to the Turkish Parliament visits CIECA  CIECA Dinner in honor of Mr. Ricardo Quijano, Minister of Trade and Industry of Panama  Mr. Alfredo Piotrovski, Vice President of FIESC called on Mr.

Chi-Yuan Chin, Board Director of CIECA  Economic News ...... P.18  Activity Report ...... P.26  An Outline of Republic of China’s Economics ...... P.29  2013 Conference Schedule of CIECA ...... P.32

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Headline News According to the study conducted by Taiwan, Singapore sign ASTEP pact Chung-hwa Institution of Economic Singapore and the Separate Research, ASTEP is expected to Customs Territory of Taiwan, Penghu, increase Taiwan’s GDP by 701 million Kinmen and Matsu (Chinese Taipei), U.S. dollars, the total national output by both members of the WTO, have signed 1.4 billion U.S. dollars, and add a total the Agreement between Singapore and of 6,154 jobs in Taiwan after fifteen the Separate Customs Territory of years of the Agreement entering into Taiwan, Penghu, Kinmen and Matsu on effect. Economic Partnership (ASTEP) on Press release of Ministry of Economic November 7, 2013 in Singapore. Affairs (11/07/2013) ASTEP was signed by Mr. Calvin Eu, Trade Representative of the Singapore Taiwan manufacturing PMI rises in Trade Office in Taipei, and Mr. Hsieh November Fa-dah, Representative of the Taipei TAIPEI, Taiwan -- Taiwan's Representative Office in Singapore. manufacturing purchasing managers' ASTEP is a comprehensive and index (PMI) registered 52 points in high quality agreement covering areas November, up 0.4 points from October, such as trade in goods, trade in services, according to a report released by the investment, dispute settlement, Chung-Hua Institution for Economic e-commerce, government procurement Research (CIER, 中經院) yesterday. and customs procedures. It is expected PMI is a gauge of manufacturing that ASTEP will enhance economic expansion in which any score above 50 cooperation between Singapore and points represents expansion and any Chinese Taipei and will bring about score below indicates contraction. significant mutual benefits for the While Taiwan's manufacturing peoples of both sides. sector has expanded since March of this Singapore is Taiwan's 5th largest year, the pace of expansion had been trading partner, 4th largest export market, declining for seven consecutive months. with bilateral trade totaling November marked the first time in approximately 28.2 billion U.S. dollars. eight months that the pace of expansion

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marked a positive change. well as previously expected, private Of the five sub-indices, the new domestic demand remained stable, Wu orders expansion index stood at 52.7 said, adding that if the electronics and points, the production index at 53.6, the IT sector regains momentum next year, employment index at 53.7, the supplier Taiwan may experience higher deliveries index at 50.8 and the economic growth at that point. Wu said inventories index at 49.3. that Taiwan's strength in IC design and Electronics and Optical Industry new “cloud” technologies may help Underperform boost Taiwan's IT sector. Of the six manufacturing industries, Pessimistic Outlook except for the electronics and optical Two indices showed anomalise in industry (for which PMI was pegged at November. The PMI for new export 48.8), all industries reported growth in orders was pegged at 46.9, a 0.9-point November. In the order of magnitude of downward adjustment from the expansion, the industries were: previous month's score of 47.8. The transportation equipment (64), economic outlook (for the next six electrical and machinery equipment months) index was pegged at 48.3, (56.1), chemical, biological and which was slightly higher than 47.3, the medical (53.5), basic raw materials mark that the index registered in (53.5), and foods and textiles (52.1). October. The electronics and optical industry Nevertheless, exports usually jump has experienced contraction over the in the fourth quarter because of past two months. Since the industry Christmas shopping season. The low comprises a large portion of Taiwan's indices for new export orders and exports, the industry's weak economic outlook were “very unusual,” performance took a heavy toll on CIER President Wu Chung-shu (吳中 Taiwan's GDP growth this year, which 書) said. was forecast at 1.74 percent by the This phenomenon was particular Directorate-General of Budget, obvious in the IT sector. CIER pointed Accounting and Statistics. out that sales of HTC were While exports did not perform as worse-than-expected in the fourth

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quarter, and the company even delayed dampening fears that the eurozone is some of its product launches from about to face a debilitating period of Christmas shopping season until the falling prices, also known as deflation. Chinese New Year. The inflation rate rose to 0.9 Furthermore, Apple's sales also did percent in the year to November from not go as well as expected, hurting October’s 0.7 percent, slightly ahead of local manufacturers responsible for market expectations for a 0.8 percent supplying the computer giant. Supply increase. Management Institute Taiwan Still, inflation remains well below Executive Director Steve Lai (賴樹鑫) the ECB’s target of just under 2 percent. pointed out that local technology It was a sharp fall in October to a near companies' innovation capabilities have four-year low that spurred the central declined over recent years, in turn bank this month to cut its main interest hurting their performance in the fourth rate to a record low of 0.25 percent. quarter. The fall in inflation had raised fears (The China Post 2013.12.03) of deflation, a protracted fall in prices ------that can cause a slide in consumer Special Report spending as individuals put off purchases in the hope of getting better Eurozone inflation rise eases bargains. Deflation has blighted Japan’s pressure on ECB economy for the best part of two LONDON — Welcome news on decades. inflation and unemployment on Friday Friday’s figures will likely will ease pressure on the European convince the ECB to hold rates Central Bank to act again next week to unchanged at its monthly policy next shore up the 17-country eurozone week, especially as a separate survey economy. But they do little to ease pointed to a turning point in the labor longer-term worries over the recovery. market. Eurostat, the EU’s statistics office, Frederik Ducrozet, an economist at said unemployment was down for the Credit Agricole, said the rise in first time since early 2011 and that inflation “should buy the ECB more inflation edged higher in November, 4/34

time to decide whether or not to further next week, many economists provide more accommodation.” think it will be forced to give the Separately, Eurostat said region’s economy a further shot of unemployment across the eurozone support early next year. eased from September’s record high of Despite the rise in inflation in 12.2 percent to 12.1 percent in October. November, the specter of deflation That was the first decline in the rate hasn’t gone away, partly because wage since February 2011 but still compares increases are muted due to high unfavorably with the equivalent U.S. unemployment and the high value of rate of 7.3 percent. the euro has made imports cheaper. Though the overall rate masks huge Some countries, notably Greece, are disparities across the eurozone, already facing falling prices, a particularly among the young, Eurostat development that may make its debt said that the number of people servicing even more difficult. unemployed in the region fell by Marie Diron, senior economic 61,000 to 19.30 million during the adviser at EY, formerly Ernst & Young, month. The fall, largely a result of thinks policymakers at the ECB need to declines in the largest economies of be mindful of deflation. Germany and France, was the first “The ECB needs to recognise the since April 2011 and came despite a 0.1 risk of deflation more clearly and act percentage point increase in the overall pre-emptively,” said Diron. She said the youth unemployment rate to 24.4 ECB should provide clearer indications percent. that its interest rates will remain low for The figures showed labor market a long period of time. conditions in weaker countries like Following its longest-ever Greece and Spain remained tough. In recession, the eurozone has now grown Greece, unemployment at last count in modestly for two quarters. However, August was 27.3 percent, while in the tepid 0.1 percent quarterly growth Spain it stood at 26.7 percent. recorded in the third quarter dashed Though Friday’s figures may mean hopes that the recovery was picking up the ECB doesn’t loosen its policies

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steam. Deflation, if it takes hold, could with proposed lines to Rwanda and make matters worse. South Sudan, according to the AFP Japan’s deflationary spiral appears news agency. to be ending only after massive Built by a Chinese state-owned stimulus efforts from the central bank. firm and with funds from the Chinese Figures for October show the annual government, the railway line is inflation rate there rose to 0.3 percent, expected to dramatically increase trade its highest since 1998. In the U.S., and boost Kenya's position as a inflation is also low — just 1 regional economic powerhouse. percent — but the Federal Reserve is Kenya, Uganda, Tanzania, Rwanda pumping $85 billion a month into the and Burundi form the the East African economy to boost the economy. Community, a regional bloc that the The ECB has no comparable program. five nations have used to boost Economists said it would have economic integration. responded to another drop in inflation by cutting borrowing costs further or "What we are doing here today will making banks pay more to keep most definitely transform... not only deposits with it. Kenya but the whole eastern African (The Washington Post Nov.29,2013) region," Kenyatta told crowds at the ceremony, which was attended by Kenya launches mega $13.8 bn Chinese officials. railway project "As a result east Africa will Kenya has launched a $13.8bn become a competitive investment flagship railway project linking the port destination. A busy growing east Africa city of Mombasa to the capital Nairobi is good for us as a country." and is eventually hoped to extend The new railway line will replace onwards to neighbouring Uganda. the dilapidated British colonial-era The project, called a "historic railway, and has been hailed by the milestone" by President Uhuru Kenyan media as the region's largest Kenyatta, who presided over a infrastructure project for a century. ground-breaking in Mombasa on Financing, currently only from November 28, 2013 will also connect China, has so far been made for only

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the first 450km section from Mombasa unveiled third-quarter data that showed to Nairobi, replacing the current single the economy growing at 7 per cent year trainline with a high-speed standard on year in the three months to the end gauge track, as well as building an of September. additional line alongside. Economic planning secretary Work on that section, by the China Arsenio Balisacan said he expected Road and Bridge Corporation (CRBC), full-year gross domestic product is expected to be completed by 2017. growth in 2013 to come in at about 7 CRBC completed in August the per cent, lower than the government’s first-stage of an expansion to earlier forecast of 7.3 per cent Mombasa's port, including a berth able following the devastating typhoon to handle 50,000 tonne container ships which hit the country’s central islands According to plans, the new lines on November 8. would see passenger journey times cut The economy, almost half of which from the current 12 hours to around is accounted for by services and less four, which is around half the current than a fifth by manufacturing, grew 7.4 driving time on crowded and pot-holed per cent year on year in the first nine roads. months of 2013 compared to 6.7 per Freight trains are planned to be cent in the same period last year. Apart able to cut the current 36-hour trip by from consumer spending, which rail to just eight, a major boost for accounts for more than two-thirds of regional landlocked nations, with GDP, growth was driven mainly by planners claiming it will slash cargo investments in durable equipment. transport costs by 60 percent. Mr. Balisacan said economic policy （November 28 2013, AL JAZEERA） makers are reviewing next year’s economic growth target of 6.5-7.5 per Philippine economy slips to 7% in cent to take into account the impact of third quarter the most destructive typhoon to hit the The government in the Philippines country, adding that the government is has warned that Typhoon Haiyan could keen to minimize the economic fallout crimp year end growth even as it from the disaster by embarking on a

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large-scale reconstruction program in Institute for Information Industry and the typhoon-hit areas. Dr. Dennis Hu, Director General, (Nov. 28, 2013, the Financial Times By Office of Intl. Cooperation, Taipei Roel Landingin in Manila) Computer Association made ------presentations on “ICT Collaboration Bilateral Meetings Opportunity for Myanmar and Taiwan”, and Dr. Jack, Kuei-Son Sheu, Director The 1stJoint Meeting between CIECA General of International Affairs and UMFCCI Department, Council of Agriculture, The 1stJoint Meeting between Executive Yuan, ROC.,made a Chinese International Economic presentation on “Taiwan’s Agricultural Cooperation Association (CIECA) and Development and Prospects of Republic of the Union of Myanmar Agricultural Cooperation between Federation of Chambers of Commerce Taiwan and Myanmar” at the plenary and Industry (UMFCCI) was held on session. Meanwhile, Cho Cho Wynn, November 2, 2013 at Conference Hall Deputy Director General, Directorate of of UMFCCI Office Tower, Yangon. Investment and Company The Meeting was co-chaired by Dr. Administration, delivered a speech on MyoThet, Vice President of the “Foreign Direct Investment in UMFCCI and Mr. C. Y. Wang, Myanmar” and U KoKo Lay, Director, Chairman of CIECA. Around 150 Department of Trade Promotion, participants from both sides attended Ministry of Commerce, also delivered a the meeting. Dr. Woody Tyzz-Jiun speech on “Brief on Trade Related Duh, Vice Minister, Ministry of Matters of Myanmar”. In addition to Economic Affairs, ROC and Mr. attending the JBC meeting, Taiwan AungSoe, Director General, delegation also visited Mingaladon Department of Directorate of Trade, Industrial Park and called at Mandalay Ministry of Commerce, Republic of the Region Chamber of Commerce & Union of Myanmar, were invited to Industry, Asia World Group, Asia make greetings at the opening Optical Co. Inc., and Great Wall Group. ceremony. Dr. Mei-Li Hsiao, Director

General of International Division, 8/34

Courtesy call at Asia World Group – Steven Dr. Woody Tyzz-Jiun Duh, Vice Minister of Lo Ping Zhong, Chairman (Left), Dr. Woody MOEA, delivers remarks at Myanmar Tyzz-Jiun Duh, Vice Minister, MOEA, R.O.C. Investment Seminar.

Courtesy call at Myanmar Mandalay Chinese Mr. C. Y. Wang, Chairman of CIECA, Yunnan Association—Yi-Cheh Chiu, presents a souvenir to Dr. MyoThet, Vice Director-General of MOEA, delivers remarks President of UMFCCI. at Mandalay Chinese Yunnan Association.

A group photo after the meeting Courtesy call at Mandalay Region Chamber of Commerce & Industry -- Mr. SoeMyint, Vice 9/34

President (Left), Yi-Cheh Chiu, “Luxembourg ICT and e-Commerce Director-General of MOEA(Right) environment” ; Mr. Stéphane Karolczuk, The 6th Taiwan –Luxembourg Joint Head of Hong Kong Office, Arendt & Business Council Meeting Medernach delivered a presentation on The 6th Taiwan –Luxembourg “European Headquarters, why Joint Business Council Meeting was Luxembourg? – Tax, VAT, IP, Funding” held on November 8, 2013 in Taipei. and Mr. Cheng-Mount Cheng, The Meeting was co-chaired by Mr. President of Taiwan Academy of Theodore M.H. Huang, Chairman of Banking and Finance, delivered a Taiwan-Luxembourg Joint Business presentation on “RMB Council/Chairman of TECO Group and Internationalization: Implications, Mr. Pierre Gramegna, Director General, Opportunities, and Challenges for Luxembourg Chamber of Commerce. A Taiwan”. The 6th JBC meeting was total of 90 participants from Taiwan and officially adjourned after the co-chairmen Luxembourg attended the meeting. exchanged of gifts. Business Matching Ms. Cynthia Kiang, Deputy was arranged for participants from both Director General, Bureau of Foreign sides to exchange views and explore Trade, Ministry of Economic Affairs, business cooperation between the two Republic of China, was invited to make business communities in the afternoon. greetings at the opening ceremony. Mr. The Luxembourg delegates also visited Daniel Wang, Business Development Cloud System Software Institute of the Director, Smart Network System Institute for Information Industry, Institute, Institute for Information Cloud Computing Department of Industry, delivered a presentation on "Quanta", Nangang Software Park and “From Taiwan to the Internet of Things Arplanet Company during their stay in Ecosystem” and Mr. Daniel Sahr, Taiwan. Attaché of International Affairs from Luxembourg Chamber of Commerce, introduced Luxembourg Companies. The Panel Discussion by the Luxembourg ICT companies on

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The 6th Taiwan –Luxembourg Joint Business Exchange of gifts by the co-chairmen Council Meeting, November 8, 2013, Taipei

Taiwan-New Zealand Business Leaders Forum The Taiwan-New Zealand Business Leaders Forum was held on November 12, 2013 at Rendezvous Hotel in Auckland, New Zealand, with the theme “Building a Closer Economic

Ms. Cynthia Kiang, Deputy Director General, Partnership through ANZTEC”. The Bureau of Foreign Trade, Ministry of forum was co-chaired by Dr. Chao-Yih Economic Affairs, Republic of China, speaks at the plenary session Chen, Chairman of ROC-New Zealand Business Council and Mr. Michael Barnett, CEO of Auckland Chamber of Commerce. Approximately 80 participants from Taiwan and New Zealand attended the event. Vice Minister Shih-Chao Cho of Ministry of Economic Affairs, R.O.C.;

Panel Discussion on “Luxembourg ICT and Director Grahame Morton of the North e-Commerce Environment” by Luxembourg Asia Division of Ministry of Foreign ICT companies Affairs & Trade, New Zealand; Deputy Minister Chien-Liang Chen of Council

for Economic Planning and Development; Director Stephen Payton

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of New Zealand Commerce and Industry Office in Taiwan; and Representative Elliott Charng of Taipei Economic and Cultural Office in New Zealand were invited to speak at the forum. International Market Manager Maria Gray of New Zealand Trade & Enterprise and Director Frank Chen of Taiwan-New Zealand Business Leaders Taiwan Trade Centre, Sydney made Forum - Dr. Chao-Yih Chen, Chairman of ROC-New Zealand Business Council of presentations on “ANZTEC Business CIECA, gives his welcome remarks at the Opportunities”. forum

During the visit to New Zealand, the ROC delegation also visited World TV Group, AIS St Helens, Auckland Tourism, Events & Economic Development (ATEED), Bio Pacific Venture Fund, and Food Bowl.

Taiwan-New Zealand Business Leaders Forum - Mr. Grahame Morton, Director of North Asia Division of Ministry of Foreign Affairs and Trade, New Zealand, speaks at the forum

Joint Dinner hosted by Taiwanese Business Association of New Zealand (TBANZ) and Chinese International Economic Cooperation Association (CIECA) - Dr. Chao-Yih Chen, Chairman of ROC-New Zealand Business Council of CIECA speaks at dinner

Taiwan-New Zealand Business Leaders Forum - Mr. Shih-Chao Cho, Vice Minister of 12/34

Ministry of Economic Affairs, R.O.C., speaks November 12, 2013 in Lisbon, Portugal. at the forum The meeting was co-chaired by Mr. Jorge Pais, Vice Chairman of Association of Portuguese Industry (AIP) and Dr. Han-Sun Chien, Vice Chairman of Chinese International Economic Cooperation Association (CIECA). Mr. Raúl de Almeida, Member of Parliament and Mr.

Taiwan-New Zealand Business Leaders Forum’s Jian-Gueng Her, Representative of Q&A Session - (starting from left) Chairman Chao-Yih Chen of ROCNZBC, CIECA; Director Taipei Economic and Cultural Center in Frank J. K. Chen of Taiwan Trade Centre, Sydney; Portugal, were invited to present Manager Maria Gray of New Zealand Trade & Enterprise; Director Stephen Payton of New greeting remarks. Zealand Commerce and Industry Office in Taiwan; Vice Minister Shih-Chao Cho of Ministry of During the meeting, Mr. Economic Affairs, R.O.C.; Director Grahame Morton of North Asia Division of Ministry of Huann-Shiuh Shy, Director, Foreign Affairs and Trade, New Zealand; Information and Communications Representative Elliott Charng of Taipei Economic and Cultural Office in New Zealand Research Laboratories, Industrial Technology Research Institute (ITRI), delivered a presentation to illustrate the strength and competitiveness of “ICT Industry in Taiwan.” On the other hand, Mr. Andre Duarte Jorge from International Department of AIP presented on “Portugal-A market and a European Bridge to the Atlantic” to

Company Visit - The ROC delegation visits provide a comprehensive introduction ATEED-Food Bowl of the economic and investment

The First Portugal-Taiwan Joint environment in Portugal. A total of 40 Business Council Meeting participants from Portugal and Taiwan “The First Portugal-Taiwan Joint attended the meeting. After the plenary Business Council Meeting” was held on session, participants from both sides

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proceeded to the business matching meetings based on various sectors, namely “ICT”, “Green Energy”, “Rail”, “Biotechnology”, “Logistics” and “Tourism.” In addition to attending the JBC meeting, Taiwan delegation also visited local relevant private companies and The delegates calls on Mr. Adolfo Mesquita Nunes, Secretary of State for Tourism (left 2) government agencies, namely Gaia City Government; Centre for Excellence and 2013 The Joint Conference of the Innovation in the Automotive Industry; Spain-Taiwan Economic and Portuguese Entrepreneurial Association; Business Cooperation Committee Porto City Government; Steconfer, S.A.; “2013 The Joint Conference of the AICEP Portugal Global - Trade & Spain-Taiwan Economic and Business Investment Agency; ROFF; Azevedos; Cooperation Committee” was held on REFER. They also called on Mr. November 14, 2013, in Madrid, Spain. Adolfo Mesquita Nunes, Secretary of The Meeting was co-chaired by Mr. State for Tourism, Ministry of Jose Garcia-Morales, Vice President of Economy of Portugal. CEOE International and Dr. Han-Sun Chien, Vice Chairman of CIECA. Mr. Ramon Botas Vigon, Head of Area- Trade Policy with Europe and Asia-Pacific, Ministry of Economy and Competitiveness, and Mr. Javier Ching-Shan Hou, Representative of Oficina Económica y Cultural de Taipei, España were invited to make greeting remarks. Mr. Huann-Shiuh Shy, “The first Portugal-Taiwan Joint Business Director, Information and Council Meeting”, November 12, 2013, Lisbon, Portugal Communications Research Laboratories, Industrial Technology

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Research Institute (ITRI), delivered a presentation to illustrate the strength and competitiveness of “ICT Industry in Taiwan.”

After the plenary session, participants from both sides proceeded to the business matching to exchange views and explore further business “2013 The Joint Conference of the cooperation. Various issues, namely Spain-Taiwan Economic and Business “ICT”, “Green Energy”, “Rail”, Cooperation Committee”, November 14, 2013, Madrid, Spain “Biotechnology”, “Logistics” and “Tourism”, were discussed. In addition to attending the JBC meeting, Taiwan delegation also visited private companies and government agencies, namely ICEX Spain Trade and Investment; CAF; CEPREVEN; ASEBIO; and Ferrovial in Madrid. The Signing of Memorandum of Understanding by delegates also visited Barcelona co-chairmen Supercomputing Center, Barcelona Science Park, Airfarm, the International The 12th Session of the Electric Vehicle Symposium & Taiwan-Czech Joint Business Council Exhibition, SMART CITY EXPO 2013, The 12th Session of the and BCN Rail in Barcelona. Taiwan-Czech Joint Business Council was held on November 26, 2013 in Taipei. The Meeting was co-chaired by Mr. Fred Huang, Vice Chairman of Chinese International Economic Cooperation Association (CIECA) and Mr. Jaroslav Hanák, President of Confederation of Industry of the Czech

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Republic. Mr. John Lai, Director General, Department of International Cooperation and Economic Affairs, Ministry of Foreign Affairs and Mr. Milan Hovorka, Deputy Minister of Industry and Trade of Czech Republic were invited to make greetings at the plenary session. Dr. Frank L. Chen, General Greetings by Mr. John Lai, Director General, Department of International Cooperation and Director of International Center, Economic Affairs, Ministry of Foreign Affairs Industrial Technology Research Institute (ITRI) and Dr. Jiri Krechl, Director of R&D Support Department, CzechInvest were invited to deliver presentations on “Industrial Technology Innovation in Taiwan” and “Support of R&D in the Czech Republic on National and International Level”.

During the Panel Discussion, Mr. Greetings by Mr. Milan Hovorka, Deputy Minister, Industry and Trade of Czech Fred Huang, Vice Chairman Huang of Republic CIECA, invited Dr. Vladimír Kebo, Dr. Frank Chen and Dr. Jiri Krechl, to share Guests From Abroad comments on how Taiwan and Czech Mr. Eray Akdağ, Permanent Ankara can cooperate together on technology Representative & Main Liaison to innovation. the Turkish Parliament visits CIECA After the plenary session, Mr. Eray Akdağ, Permanent Ankara participants from both sides attended Representative & Main Liaison to the Business Matching to explore Turkish Parliament, accompanied by opportunities for business cooperation. Ms. Victoria Huang, Officer of Bureau of Foreign Trade, Ministry of Economic Affairs, called on Mr. Leon 16/34

C. L. Lee, Secretary General of CIECA, on November 13, 2013. They discussed various issues of mutual concern, including automotive, steel and R&D structure. They also exchanged views on how to work together on promoting trade and investment between Taiwan and Turkey. Mr. Chi-Yuan Chin (right) and Mr. Ricardo Quijano (left) exchange gifts

Mr. Alfredo Piotrovski, Vice President of FIESC called on Mr. Chi-Yuan Chin, Board Director of CIECA Mr. Alfredo Piotrovski, Vice President of the Industries Federatoin

of Santa Catarina State of Brazil CIECA Dinner in honor of Mr. (FIESC) led a delegation to visit Ricardo Quijano, Minister of Trade Taiwan from Nov. 13 to 15, 2013. and Industry of Panama Accompanied by Mr. Jean Rodolfo M. Taruhn, Acting Director of Commercial At the invitation of Ministry of Office of Brazil, the Brazilian Economic Affairs of R.O.C., Mr. delegation called on Mr. Chi-Yuan Chin, Ricardo Quijano, Minister of Trade and Board Director of CIECA, on Nov. 14 Industry of Panama, led a delegation to to exchange views on ways to visit Taiwan from Nov. 10 to 15, 2013. strengthen bilateral trade and Mr. Chi-Yuan Chin, Board Director of investment exchange and to promote CIECA hosted a dinner in honor of Mr. interaction and cooperation between the Quijano on Nov. 13 at Shanghai Court, two organizations. Grand Hyatt Taipei.

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articles thereof, chemicals grew by 0.3%, 5.7%, 9.0% and 9.5% respectively, however exports of mineral products declined 13.7%. 2. Imports In Nov. 2013, comparing with the same month of last year, imports of mineral products and electronic products

declined 10.2% and 7.2% respectively, Mr. Rafael Martini, Journalist of Catarinense; Mr. Jean Rodolfo M. Taruhn, Acting Director however imports of chemicals, of Commercial Office of Brazil; Mr. Henry machineries, basic metals and articles Uliano Quaresma, Industrial Affairs Director thereof grew by 17.2%, 23.4%, 10.4% of FIESC; Mr. Alfredo Piotrovski, Vice separately. President of FIESC; Mr. Chi-Yuan Chin, Board Director of CIECA and Mr. Leon Lee, Economic Index Secretary General of CIECA (from left to %Change on 2012 2013 right) previous year Aug. Sep. Oct. ------GDP 1.26 - 1.58 1.66 -0.80 0.83 0.64 Economic News CPI 1.93 Unemploymen 4.24 4.33 4.24 4.24 Summary of Exports and Imports for t rate November 2013 Export -2.3 3.6 -7.0 -1.5 Highlights Imports -3.8 -1.2 -0.7 -2.8

For the month of Nov. 2013, total exports Export orders 1.1 0.5 2.0 3.2 Industrial unchanged for year on year to US$ 24.89 -0.1 -0.6 1.1 0.8 production billion. However, total imports fell 0.5% Monetary 4.17 5.39 5.70 6.29 from a year earlier to US$ 21.38 billion. aggregate(M2) The trade balance of this month was Stock Market 7,468 7,932 8,193 8450 favorable, amounting to US$ 3.51 billion. *November figures(Sources: Ministry of Finance & 1. Exports Council for Economic Planning and Development) In Nov. 2013, comparing with the same month of last year, exports of India-Asean services agreement to be electronic products, basic metals and signed in December articles thereof, plastics & rubber and

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The much-awaited pact on trade in have been signed in 2009, when the services and investment between India goods pact was agreed upon. However, and the Association of Southeast Asian at that time, some of the Asean Nations (Asean) is likely to be a reality countries, particularly the Philippines finally by the end of next month, which and Indonesia were apprehensive of will open up greater job opportunities Indians “eating away their jobs” and for India’s professionals in information they were also not open to the idea that technology, healthcare, designing and similar concessions have to be given research. within the Asean members also, India and the 10-member Asean trading officials in the commerce department bloc already have a goods agreement in said. place that came into force from August Earlier, while addressing the 2011, providing tariff-free access to a Confederation of Indian Industry, range of product lines such as textiles, Ashok Kantha, secretary (East), MEA, pharmaceuticals, chemicals, stated that bilateral trade between India engineering products, processed food and the Asean region has increased and auto parts among others. Hence, nearly 10 times in the last 11 years. after the signing the deal in services Presently, two-way trade stands at $76 and investment, the free trade billion in 2012-13. Both the sides have agreement will be called a aimed at increasing it to $100 billion by Comprehensive Economic Partnership 2015. Agreement (CEPA). Ever since the talks began in 2005, “We are happy with what we have India’s main demand has been to obtain got under the services agreement. This greater job opportunities for its will throw open the Asean markets. professionals in the 10 member-Asean There will be more job opportunities countries of Singapore, Malaysia, and an easier business visa regime. Indonesia, Vietnam, Thailand, the Businesses would now have to utilise it Philippines, Cambodia, Laos, Brunei properly,” the MEA official told and Myanmar. Business Standard. However, the deal has now been finally The deal in services was supposed to sealed during Prime Minister

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Manmohan Singh’s visit to Brunei on on Monday that his meeting with Mr de October 10 during the Asean-India Gucht included discussion of BITs, Summit at Brunei Darussalam. saying they only discussed issues India is the tenth largest services relating to an economic partnership exporter in the world while Asean is a agreement （EPA） — including with net importer. Southern African Development The services sector is of main interest Community （Sadc） countries. to India as it contributes over 55 per The EPA would further open cent to the country’s gross domestic African and European markets to each product and in terms of export other’s goods and services, but is revenues. currently opposed by South Africa, (Business Standard2013.11.01) which says it does not get reciprocal EU access for farm goods. Ostensibly EU steps up fight to have treaties Mr de Gucht was in the country to try with SA retained to persuade South Africa to press its THE European Union （EU） has Sadc neighbours to sign their own again indicated South Africa should bilateral trade agreements with the EU, desist from cancelling its bilateral which under a regional EPA would help investment treaties （BITs） with about offer greater EU access to South 13 European economies, and is offering African agricultural products including to relax significant trade barriers for wine and sugar. South Africa’s sugar and wine in But it became clear that ill-feeling European markets. over BITs was an underlying theme of The stuttering dialogue over the the meeting — at least among the BITs was reignited on Monday when Europeans. Mr de Gucht told media EU trade chief Karel de Gucht flew into on Monday the BITS were part of the Johannesburg for a few hours for flash EPA negotiations process, including talks with Trade and Industry Minister offering South Africa higher sugar and Rob Davies, who has been pushing for wine imports into the EU. cancellation of all of South Africa’s The EU is by far South Africa’s BITs with the bloc. Mr Davies denied largest trade and investment partner,

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with investments worth about one-third Brazil, Latin America's largest of South Africa’s gross domestic economy, has made several finds in product of about R3-trillion. deep water since 2007. Its largest is the （November 12 2013, Business Day） Libra field, which holds between 8 and 12 billion barrels of recoverable oil, Brazil set to become major global oil according to Brazil's oil regulator and a supplier –IEA Dallas-based reserve certification firm. Nov 12 (Reuters) - Brazil is If the projection holds, Libra could set to become a net oil exporter and top nearly double Brazil's oil reserves or 10 producer from 2015 if it overcomes give it enough oil to supply the world's hurdles to developing its giant offshore crude demand for as much as 19 weeks. discoveries, the West's energy agency But last month's sale of Libra, designed said on Tuesday. In its 2013 World to launch Brazil as an oil power, Energy Outlook, the International highlighted the challenges the sector Energy Agency (IEA), which advises faces. large industrialized nations on energy It attracted a fraction of the interest policy, said Brazil could play a major expected, with major oil companies role in supplying the world's energy worried that development rules offered needs in coming decades, though its too little opportunity for profit and too rise would hinge on its ability to large a role for the government and develop its resources. "Brazil plays a state-controlled Petrobras. The auction central role in meeting the world's oil was won by a group led by Petrobras needs through to 2035, accounting for and including France's Total SA and one-third of the net growth in global Anglo-Dutch Royal Dutch Shell Plc supply," the report said. "Such an along with two Chinese partners - increase in supply is heavily dependent CNOOC Ltd and China National on highly complex and Petroleum Corp. Though Brazil's capital-intensive deepwater energy plan seeks to boost the country's developments, where Brazil is set to economy, the auction took place as consolidate its position as the global security forces clashed with hundreds leader." of protesters objecting to the sale of

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natural resources to foreign companies. Fabrizio Saccomanni says the current The IEA said Brazil's success economic quarter will show positive would hinge on maintaining high levels economic growth. It would be the first of energy investment at around $90 time Italy's economy grows in an million a year, two thirds of which must economic quarter since late 2011. go to the oil sector. "The heaviest Saccomanni continues to predict burden lies with Petrobras, the world's more -- albeit mild -- economic growth largest deepwater operator, placing an going forward: he forecasts 1.1-percent emphasis on its ability to deploy growth next year and "close to 2 resources effectively across a huge and percent" in 2015. If that happens, it will varied investment program," it said. be the first time since 2010-2011 Italy's The IEA predicted Brazil would be the economy grows in back-to-back years, world's sixth-largest oil producer by and the first time it grows more than 3 2035, while the country's net biofuels percent in two years since 2006-2007. exports would grow to account for "After a severe and prolonged some 40 percent of global biofuels crisis, the latest economic data indicate trade over that period. that economic activity is stabilizing and (Reuters Nov.12,2013) moving toward a gradual economic recovery," Saccomanni said this week. News Analysis: Italy's slow economic Positive economic trends are turnaround so far has limited impact especially important when a country on most Italians discusses its budget because a stronger ROME, Nov. 13 (Xinhua) -- When growth comes from increased Italy debates its budget over the coming purchasing and industrial activity -- and weeks, it will do so in what the that means tax revenue can rise without government says is the best economic increasing tax rates, or that tax rates climate Italy has enjoyed in at least six can drop without hurting revenue years. But most Italians say they have streams. yet to feel the positive trends the The growth figures are not the only government is touting. area of good news. Information from Italian Minister of Economy ISTAT, the National Statistics Institute,

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also shows overall unemployment rates Treasury -- in order to pay down debt (though not those for young workers) without raising taxes. But the country's improving, and industrial output figures economic health remains the main thing are showing signs of new life after a to keep an eye on. tough two years. Lawmakers are hoping the But pollsters say the positive trends country's economic prospects become have yet to have an impact on clearer in the coming weeks. If the rank-and-file Italians. Consumer recovery Saccomanni has been pointing confidence, which edged higher over to starts to gain steam, it will make the summer, has since plateaued. And their job easier. If it starts being felt by pollsters report that fewer than two in middle class Italians, it could give the five Italians think it's "likely" or "very government the kind of popular likely" their personal economic mandate it needs to push through situation will improve over the next six important reforms in other areas in to 12 months. That figure is slightly 2014.(2013/11/14 English.news.cn) lower than in previous polls. "It's safe to say that at least at this Dubai wins right to host Expo 2020 point that government economists are Dubai won the right on more hopeful than the average Italian," Wednesday to host the 2020 World said Maria Rossi, data section director Expo, beating off competition from the for the Rome-based polling firm Brazilian city of Sao Paulo, Opinioni. Yekaterinburg in Russia and Izmir in Informal debate on Italy's 2014 Turkey in a vote by members of the budget has already begun, and law world fair body, becoming the first requires it be passed before the end of Middle Eastern city to organize the the year, though in the past passage has event in its more than 150-year history. sometimes come only in early January. UAE hopes will pull in billions of One of the strategies under dollars of investment also with 25 consideration is to sell state assets -- million visitors and will build Dubai mostly shares in former state-run and the UAE’s status as a world hub.It companies still held by the Italian is also expected to boost Dubai’s

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annual economic growth by 1 South Korea moves closer to joining percentage point and create 277,000 TPP trade talks new jobs.The expo site would be Asian trade powerhouse South converted into the Dubai Trade Centre Korea took a step closer on Friday to Jebel Ali. The main site would be joining 12-nation talks aimed at across 438 hectares, next to the new Al slashing trade barriers between nations Maktoum International Airport.The site making up about 40 percent of the would be divided into three areas world economy. dedicated to each sub theme and these The world's seventh-largest zones would lead to Al Wasl, the main exporter said after a meeting of top plaza. economic officials that it would soon Countries can set up their pavilion enter negotiations with the United in areas that correspond to their States, Japan, Canada and nine others development strategy. Sustainability is already in the group. at the heart of the project, so the site "(The government) expects will include solar panels to generate participation in the TPP to help (the electricity in the building facade and country) secure a big market spanning for street lighting, and to recycle waste over the Asia-Pacific region and to water. There will be extensive use of allow competition with the other public transport. member countries on an equal footing," Local plants will be part of the it said in a statement. landscape design and treated sewage The Trans-Pacific Partnership trade effluent will be used for district cooling pact, which would also include and irrigation. The site will be largely Australia, Brunei, Chile, Malaysia, car-free with bus and Metro Mexico, New Zealand, Peru, Singapore connectivity along with a cable car to and Vietnam, would establish a transport visitors within the site. After free-trade bloc across the region. the fair, the expo site will be reused for The negotiations, which have run research centres and a university. for three years, have been mired in (arabian BUSINESSMAN 2013/12/27) controversy over a lack of transparency and slowed by the conflicting interests

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of the negotiating countries, U.S. regular news conference Tuesday. lawmakers and advocacy groups. A "gray" travel alert for Thailand South Korea, the world's had been in place since early last month. 15th-largest economy, has already The higher-level travel alert came as signed bilateral free trade pacts with anti-government protesters in Bangkok both the United States and the tried to storm the prime minister's European Union and has until now said office. it would focus on pending free trade They have demanded that Prime talks, including those with China and Minister Yingluck Shinawatra step Australia, before deciding on the TPP. down amid claims that her government In its statement, the government is controlled by her older brother, said it would make a final decision on ousted former leader Thaksin whether to formally join the deal based Shinawatra, according to foreign on the outcome of talks with the reports. member countries. Kao also urged Taiwanese (Nov 29, 2013Reuters) nationals not to visit crowded areas in Bangkok and avoid wearing yellow and Taiwan raises travel alert for red shirts. Thailand amid protests in Bangkok There have been scuffles between Taipei, Dec. 3 (CNA) Taiwan on pro-government "Red Shirt" supporters Monday issued a yellow alert for travel and "Yellow Shirt" anti-government to Bangkok and its surrounding areas, demonstrators. warning Taiwanese nationals to think Under the Foreign Ministry's twice about visiting the Thai capital four-color travel alert system, red amid anti-government protests. represents the highest level of warning The Ministry of Foreign Affairs is and signals that travelers should avoid urging Taiwanese nationals planning to the affected area. visit Bangkok for business or pleasure Orange means travelers should take to be particularly careful and pay precautions and avoid unnecessary attention to their personal safety, said travel, with yellow one step below, ministry spokeswoman Anna Kao at a followed by gray. (CNA Dec 3, 2013)

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Russia and Ukraine leaders seek without elaborating. partnership treaty Mr Putin has been urging Ukraine Ukraine's President Viktor to join Russia's customs union with Yanukovych and his Russian Belarus and Kazakhstan - a union counterpart Vladimir Putin have held whose entry terms are far less surprise talks on a "strategic partnership demanding than the EU's. treaty". In recent months Russia has put Mr Yanukovych flew from China Ukraine under economic pressure, to Sochi in southern Russia for the imposing long customs delays at the meeting. He also cancelled a visit to border and banning imports of Malta. Ukrainian sweets. Last month he shelved a Arseniy Yatsenyuk, a Tymoshenko partnership deal with the EU, triggering ally and leader of the main opposition angry protests in Ukraine's capital faction in parliament, condemned the Kiev. talks in Sochi. Thousands of anti-Yanukovych "Their attempts to sell Ukraine to protesters remain outside the Russia have not ended in any way," he government building on Kiev's said. "If Yanukovych tries to sign Independence Square, braving bitter anything with Russia about the customs cold. union it will lead to a bigger wave of They are furious that he made an protests." (BBC News 2013/12/6) 11th-hour U-turn in relations with the ------EU, refusing to sign the association Activity News agreement that had been prepared Trade & Investment Opportunities in during years of negotiations. São Tomé e Príncipe In Sochi, Mr Yanukovych At the invitation of the ROC discussed "preparation of a future treaty government, H. E. Dr. Gabriel Arcanjo on strategic partnership" with Russia, Ferreira da Costa, Prime Minister of his press service said. São Tomé e Príncipe, made a state visit The talks covered various to Taiwan during November 17-20, economic issues, the statement said,

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2013. Prime Minister Gabriel brought Chairman of Taiwan Africa Industry along with him a high level delegation Development Association, shared his of 12 senior officials. In order to experience of doing business in São strengthen economic cooperation Tomé e Príncipe and Africa. between the Republic of China and São

Tomé e Príncipe and to promote

Taiwan investment in São Tomé e Príncipe and African continent, the

Chinese International Economic Cooperation Association (CIECA) organized a seminar on “Trade and

Investment Opportunities in São Tomé e Príncipe” on November 18 at the Dr. Yen-Shiang Shih, Senior Advisor of Chinese International Economic Cooperation Westin Taipei. Association (CIECA) and National Policy Dr. Yen-Shiang Shih, Senior Advisor of the Office of the President of R.O.C., delivered opening remarks. Advisor of CIECA and former Minister of Ministry of Economic Affairs, presided over the seminar, which was attended by more than 85 participants from both sides. ROC Vice Minister of Foreign Affairs, Ms. Vanessa Shih, delivered welcome remarks and Mr. Antonio Quintas, Ambassador of

Embassy of São Tomé e Príncipe, Ms. Vanessa Shih, Vice Minister of Ministry introduced Prime Minister Gabriel, who of Foreign Affairs (MOFA) of R.O.C., delivered welcome remarks. gave a special address. Exmo. Dr. de Barros Amaral Aguiar, Director do Gabinete de Promoção de Projectos Estratégicos, gave a presentation on “São Tomé e Príncipe Business Opportunities”. Mr. Mike Hung,

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H. E. Dr. Gabriel Arcanjo Ferreira da Costa, the Prime Minister of São Tomé e Príncipe delivered his special remarks

Presentation on “São Tomé e Príncipe Business Opportunities” by Exmo. Dr. de Barros Amaral Aguiar, Director do Gabinete de Promoção de Projectos Estratégicos, São Tomé e Príncipe

All the VIP guests took a group photo.

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Republic of China Updated November, 2013

General Information Land Area 36,193 sq. km Population 23.37million (11/2013) Capital Taipei Population of 2.68million (11/2013) Capital National Day October 10 Country Code 886 Currency New Taiwan Dollar Exchange Rate US$1=NT$29.589(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 (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 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 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 GDP US$485 billion Economic Growth 1.74% (4nd Quarter Est.) (2013 Est.) Rate GDP per capita US$21,452 (2013 Est.) Consumer Price 0.67% (November 2013) Inflation 0.86% (Jan.-Nov. 2013) Unemployment Rate 4.24% (October 2013) 4.24% (2012)

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Republic of China Updated November, 2013 Major Industries electronics, communications and information technology products, chemicals, textiles, iron and steel, machinery, cement, pharmaceuticals Exports US$24.89 billion (November 2013, same with the same month of 2012) US$277.63 billion (Jan.-Nov. 2013, up 0.9% 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 semiconductor devices, Printed circuit Major Export China, Hong Kong, U.S., Japan, Singapore, Korea, Vietnam, Malaysia, Markets Germany, Philippines Imports US$21.38 billion (November 2013, down 0.5% of the same month of 2012) US$245.89 billion (Jan.-Nov. 2013, down 1.1% of the same period of 2012) US$ 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), 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$415.6 billion (until 11/2013) Outward FDI US$3.7 billion (2011) (Source: Investment US$8.1 billion (2012) Commission, MOEA) US$4.02 billion (1-10/2013) Inward US$4.9 billion (2011) Investment US$5.5 billion (2012) (Source: Investment US$3.94 billion (1-10/2013) Commission, MOEA) Foreign Direct Investment Stock: US$121.4 billion (2012 accumulated) (Source: Investment FDI: US$3.94 billion (1-10/2013) Commission, MOEA)

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Republic of China Updated November, 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 November, 2013

2013 Conference Schedule Revised on 2013/11/16 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 Italy 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 Portugal Trade and Investment Opportunities Taipei

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

Apr. 9 The 11th Taiwan-Peru Joint Business Councils Meeting Lima, Peru Seminar on Trade and Investment Opportunities in Apr. 10 Taipei Nicaragua Apr. 11 The 18th Taiwan-Mexico 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 Netherlands 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, Sweden The 4th Chinese-Latvia Economic Cooperation Sept. 12 Riga, Latvia Conference The 19th Joint Economic Cooperation Conference Sept. 26 Taipei between Indonesia & Taiwan (postpone) The 11th Taiwan-Poland 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 Ho Chi 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-Luxembourg 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. 10-15 「Taiwan-New Zealand Business Leaders Forum」 New Zealand The 18th Joint Conference of the Spain-Taiwan Economic Nov. 14 Madrid, Spain & Business Cooperation Committee Nov. 18 Trade & Investment Opportunities in São Tomé e Príncipe Taipei

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

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