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Empirical Study of the Import- Export Between India Taiwan in the Last 5

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Empirical Study of the Import- Export Between India Taiwan in the Last 5 Abstract This paper provides us the evidence of the business between two of the biggest economic giant of Asian Continent. This paper aims to investigate the relationship between trade flows and Import- Export between India and Taiwan. This paper also provides new evidence on the long run convergence between import and export with these two countries. It will be helpful for the new business and to understand the growth of the imports and exports between India and Taiwan. You will find great opportunity to start a new business in Imports and Exports in different products according to their demands and supply. We have a latest and detailed study of Import – Export of different products according to the Category in different years. The result suggests that the business is growing so fast between India and in Taiwan. Based on the research finding people might identify the new opportunities in India & Taiwan. The Purpose of this paper is to discover much more about the India and Taiwan’s economic development in the past four years. And, even more importantly, you will learn about specific ways that you can share in this success, regardless of whether you are the president of a large multinational or the owner of a small trading concern. The Bilateral trade reached $2.26 billion between January and November 2005, a meager 0.67% of Taiwan's total foreign trade during the period. This paper also provides the genuine data collected from all the government bodies located in India and Taiwan. Keywords: Economy, Trade, Trading, India-Taiwan, Import-Export, New Opportunity, Development, Economic growth. - 1 - (誌謝) Acknowledgement It is the matter of great pleasure and privilege to be able to present this thesis report on The Growing trends of India-Taiwan Import-Export & Trade: An Empirical Study. The Compilation of the thesis will be able to find the new paths and way to do business in these two countries. I wish to record a deep sense of respect and gratitude to my thesis Guide Mr. James Yeh for his encouragement to course of my work. It is due to the enduring effort and guidance of my Guide that ultimately made it success. I also take this opportunity to express my deep regards and gratitude to the Mr. Tsai Ming Chun the head of the department and would like to thank the head of the college Mr. Chen Wu Zhen who gave us the guidance to take up and pursue the thesis. I cannot just condone the valuable opportunity give to me by Chunghwa University for compiling and submitting the thesis, which I feel is an opportunity I acknowledge my indebtness to various authors and for making use of valuable information liberally. It is my proud privilege to express my deep sense of appreciation and gratitude to my Parents and friends for their support and cooperation in this course of the project either directly or indirectly involved in time with their valuable contribution. 魏尼特 Vineet Kumar Sharma M09519001 - 2 - Index Abstract………………………………………………………………….. ………..1 Acknowledgement……………………………………………………………….... 2 Contents…………………………………………………………………………... 3 List of Table………………………………………………………………………..5 List of Figures……………………………………………………………………...6 1. Chapter One: Introduction……………………………………………………..7 1.1 Motivation……………………………………………………….8 1.2 Literature review………………………………………………...8 1.3 Methodology and Approach…………………………………….8 2. Chapter Two: Introduction of Taiwan & India’s Economy………………….9 2.1 Taiwan perspective 2.1.1 Taiwan Economic trends and Branches of Industries…………9 2.1.2 International trade…………………………………………….11 2.1.3 EXIM (Export & Import) regulations and custom & duties …11 2.1.4 Distribution of work…………………………………………..12 2.1.5 Standards & Patents…………………………………………..13 2.2 India Perspective 2.2.1 Taiwan Economic trends branches of Industry……………….13 2.2.2 International trade……………………………………………..16 2.2.3 EXIM (Export & Import) regulations and custom & duties ….16 2.2.4 Distribution & Transportation………………………………...18 2.2.5 Standards & Patents…………………………………………..19. - 3 - 3. Chapter Three: Trends of Import-Export between India & Taiwan……….20 3.1 India-Taiwan Commercial and Economic Relations…………20 3.2 Taiwan’s Perspective 3.2.1 Taiwan’s Export-Import to India……………………...22 3.2.2 List of Taiwanese products Exported to India………..25 3.2.3 Commercial Service in Taiwan………………………..25 3.3 India’s Perspective 3.3.1 List of Indian Products Exported to Taiwan…………..29 3.3.2 Commercial Settings & Industry Participation………..30 3.3.3 Commercial Service in India………………………….31 4. Chapter Four: The Importance of Taiwan-India Trading Amounts………..34 4.1 Taiwan Perspective 4.1.1 Taiwan’s ranking among World Export………………34 4.1.2 Taiwan’s Trade with India & BRIC Countries………..36 4.2 India Perspective 4.2.1 India’s ranking among World Export ………………..37 4.2.2 Taiwan’s Participation in India’s Export……………..39 . 4.2.3 Taiwan’s Participation in India’s Imports…………….40 5. Chapter Five: Summary & Conclusion………………………………………..42 References………………………………………………………………………….44 - 4 - List of Tables CHAPTER 2 Table 2.1 Taiwan………………………………………………………………..10 Economic Forecasts…………………………………………..10 General Economic Indicators………………………………...10 Investment ……………………………………………………10 Foreign trade……………………………………………….....10 Table 2.2 India…………………………………………………………………..14 Economic Forecasts…………………………………………..14 General Economic Indicators…………………………………14 Investment ……………………………………………………14 Table 2.3 Trade by partner Countries……………………………………………15 CHAPTER 3 Table 3.2.1 Exports to India……………………………………………………….23 Table 3.2.2 Exports to Mainland China/ Hong Kong……………………………..24 Table 3.2.3 List of Products Exported to India……………..……………………..25 Table 3.3.1 List of Products Exported from India to Taiwan……………………...29 CHAPTER 4 Table 4.1.1 Taiwan Export to world major countries……………………………..35 Table 4.1.2 Taiwan’s trade with BRIC markets…………………………………..36 Table 4.2.1 India’s ranking among world Export & Import……………………...38 Table 4.2.2 Taiwan’s participation in India’s Export……………………………..39 Table 4.2.3 Taiwan’s participation in India’s Import…………………………......40 CHAPTER 5 Table 5.1 Export & Import Value…………………………………………….....42 - 5 - List of Figures CHAPTER 2 Figure 2.1 India’s Economic Fund: India: Past, present and Future…………….14 CHAPTER 3 Figure 3.1 Economic Structure………………………………………………….21 Figure 3.2 Full Functioning of Industrial Information about Taiwan…………...26 - 6 - Chapter I: Introduction The relationships between India & Taiwan have improved since 1990. So, in this paper we decided to work on the analysis and understanding of the import and export between these two countries. There has been much discussion on the topic of globalization of the world economy (e.g., Levitt, 1983; Yip, 1989; Held et al., 1999) 【 1 】 . Globalization reflects a state of affairs in which a country becomes more interconnected with the rest of the world (e.g., Levitt, 1983; Bordo, 2002). 【2】 Some studies, such as Husted (1992) 【3】, which use US quarterly data for the period 1967– 1989, have shown that there is a long-run relationship between imports and exports and that the sign on the estimated co-integrating coefficient is positive. In the area of international trade, the long-run equilibrium relationship between imports and exports has received some attention; see, for example, Fountas and Wu (1999), Granger (1986), Gould and Ruffin (1996), and Husted (1992) 【4】 among others. The drivers of globalization include elimination of trade barriers and free flow of products and services across countries (e.g., Levitt, 1983; Yip, 1989; Hill, 1997).The purpose of this paper is to explain all kinds of Imports and Exports between the two Giant Economies of Asian Continent. 【5】 Most of the Data and information is collected from the Different Financial and economical websites of both countries and the different economical Journals. The contribution of this study is the extension of the analysis of these two countries using recent advances in time series econometrics. That paper conceptualized globalization in terms of the free flow of four major components: (1) goods and services, (2) people, (3) capital, and (4) information. The current paper focuses on the free flow of goods and services, one of the four major components of globalization. 【6, 7】 Our main motive of writing this paper is to encouraging more and more people for business, encouraging more firms and companies to Import and Export. n the Chapter 1, we give a brief introduction about the paper. As such we have not so much literature review for this paper so we take most of the references from Indian and Taiwan Government official websites. In this paper we are not using value test. In this paper we tried to provide the Qualitative data for the study about the India & Taiwan Export-Import. In the Chapter 2, we explain the economical, political, geographical overview of Taiwan and India. In this section we tried to cover all the information related to both countries like the economical trends, economic indicators, branches and the share of the industry in their economy. We also focus on the International trade and their rules and regulations on the import-export policies. How effective is the transportation and the different means of the transportation in both the countries. Later in the Chapter 2, we explained the different standards, Patents and the brands information. In the Chapter 3, we focused on the different trends of Import-Export between India & Taiwan on their different perspectives. We also showed the list of the different - 7 - products which are exported and imported to and fro India and Taiwan. Later on in the same section we discussed about the commercial settings, industry participation and size of companies participation in both the countries. In the Chapter 4, we discussed about the Importance of Taiwan and India in world market on both country’s perspective. The share of India & Taiwan in the World economy and discussed how world export-import market is increasing year by year. The data shows us that the business between these two countries is very promising in the future and will grow faster in these few years.
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