Taipei is the capital city of Taiwan which is two-thirds mountainous with a population of 23 million. Mandarin Chinese is the majority language. It is a very old culture and its people have lived there for 12,000-15,000 years. It is a multi-party democracy and has a GDP of $430 billion. Its natural resources are coal, natural gas, limestone, marble and asbestos. Major agricultural products include pork, rice, fruit, vegetables, sugarcane, poultry, shrimp and eel. Services make up 67.1% of the GDP. Industry (31.3% of GDP) types include: electronics, chemicals and petrochemicals, basic metals, machinery, textiles, transport equipment, plastics and machinery. “Taiwan has developed into a major international trading power with $496 billion in two-way trade (2008). Taiwan is prosperous and stable. The economy grew by 10.88% in 2010 (U.S. Department of State). Taiwan’s trade with the world reached US$526.4 billion in 2010 (TAITRA).
Taipei World Trade Center is located in the Xinyi District in Taiwan. It is a four-in-one complex that includes the Exhibition Hall, International Convention Center, International Trade Building and the Grand Hyatt Taipei.
Mission: Show the World! See the World! A single modern venue that combines exhibition space, conference facilities, offices, and hotel accommodation for international business.
Background: Founded in January 1986 by the Taiwan External Trade Development Council. (TAITRA Taiwan’s foremost trade promotion organization)
Exports: In 2010, $274.6 billion: electronics, flat panels, optical, photographic, measuring and medical instruments, information and communications products, textile products, basic metals, plastic and rubber products (the electronics sector being the most important). Major markets are P.R.C. and Hong Kong ($114.8 billion), U.S. ($31.5 billion) and Japan ($14.5 billion).
Imports: In 2010, $251.4 billion: electronics, machinery, crude petroleum, precision instruments, organic chemicals, and metals. Main import partners include: Japan (20.77%); China (14.01%) US (10.49%) South Korea and Saudi Arabia.
Services: “TWTC combines every possible service that brings together a vast consulting service on trade-related issues, trading partners, suppliers and markets.”
Trade Mart: Provides a meeting place for international buyers and sellers. It has the most extensive range of products under one roof in Asia. There is over 6,300 square meters in the TWTC Exhibition Hall that includes the :
- Import Mart is a special area in the TWTC Exhibition Hall reserved for international enterprises and foreign government trade units. It is especially useful for businesses looking to expand into Asia nd there are currently 25 countries represented.
- Export Mart contains 920 showrooms where one can view products, meet with representatives and conduct business negotiations.