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TIER: Manufacturing sector performance remains solid
While weak consumption hampers service sector sentiment |
Led by global economic recovery and strong demands for electronic and communication products, Taiwan’s external demand remained robust in December. Exports increased by some 19.1% or USD 23.83 billions. Imports for December reflected the increase in export demands as well as new domestic investment initiatives, which increased by 21.4% year-on-year, or USD 22.23 billions. With the imports in the rebound, trade surplus for December saw a 5.7% year-on-year decline, or USD 1.61 billion. Cumulative export data for 2010 saw an increase of 34.8% YoY, or USD 274.64 billion, with a cumulative trade surplus of some USD 23.25 billion, USD 6.06 billion less than the same period in the previous year. As the world economy enters its correction stage, trade figures for Taiwan is likely to moderate its growth momentum.
The cyclical upturn, new consumer electronics products and the approaching festive season have also boosted industrial production in Taiwan, with industrial outputs grew by 18.18% in December. Among the individual sectors, the manufacturing sector increased by 19.01%, the production of mining and quarry, electricity, natural gas and water and the construction sector output went up by 14.58%, 5.82%, 2.33% and 10.68% respectively.
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| HKTDC: Taiwan's companies should use Hong Kong to protect its intellectual property right while doing business in China |
| Taiwanese business can team up with Hong Kong companies when entering into the China’s market under China’s 12th five-year economic development plan, according to a report by the Hong Kong Trade Development Council (HKTDC). Such partnership could protect Taiwan’s business from wasting time exploring and obtaining intellectual property right protection by taking advantage of Hong Kong’s reputable arbitration system when doing business in China, the report said. |
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| TAITRA and TEEMA set up offices in China with an aim to facilitate business activities between Taiwan and China |
| The Taiwan External Trade Development Council (TAITRA) and the Taiwan Electric and Electronic Manufacturers’ Association (TEEMA) are likely to be the first industry associations to have their offices in China, the Central News Agency (CNA) reported. TAITRA has dispatched officials to the following Chinese cities: Beijing, Shanghai, Nanjing, Wuhan, Chengdu, Xiamen, Guangzhou, Nanning, Qingdao, and Dalian. TEEMA, meanwhile, has five to six contact offices in Kunshan and Nanjing in Jiangsu Province to serve members in that area, the report said. |
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Taiwan Economic Research Monthly
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Outlooks of the global agriculture reform post the 2008 financial crisis
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The introduction of agricultural policies in the OECD countries
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The OECD agricultural policies in emerging economies
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Impacts of climate changes on the global agricultural development trend
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What Taiwan learns from OECD Agricultural Risk Management?
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Private sectors' role to reduce negative externalities in Taiwan’s agricultural industry: A case study from the OECD
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A review of Taiwan’s agricultural policy development
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The evaluation of Taiwan’s current agricultural project performances
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