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Uncertainties overshadow the second half of 2012 economic outlook
TIER business outlook continued to present mixed signals |
Global uncertainties have continued to overshadow the second half of world economic outlook of this year. The European sovereign debt crisis has already hampered the business conditions. The question is how long the European troubles will go on and cause more impacts on the demand side. The US economy seems relatively more cheerful in contrast to the European downturn; however, a potential fiscal cliff at the yearend as well as unsure outcome and consequences of the November presidential election shall pose further threats to the growth momentum. In addition, China is undergoing a leadership transition, and its new economic policies have not yet been decided making a likely soft landing even more unpredictable. The lump sum uncertainties have held back Taiwanese investors’ and consumers’ confidence. The attention would be to whether or not that the Taiwan’s economy can recover and to what extent from the trough of first half in 2012.
Despite the global economic slowdown, good news emerged from the external sectors in September 2012. Regarding the export, Taiwan’s exports in total of USD 27.17 billion increased by 10% in September compared with exports in August, or increased by 10.4% compared with September in 2011. On the subject of import, Taiwan’s imports in total of USD 23.09 billion also increased by 8.0% compared with imports in August, or increased by 1.3% compared with September in 2011. Basically, we shouldn’t be over excited about the rebound of monthly exports and imports due to the lower bases in 2011. Furthermore, the accumulative exports from January 1 to September 30 stood at USD 223.56 billion that would be 3.9% less compared with accumulative exports during the same period of 2011. The accumulative imports from January 1 to September 30 accounted as USD 203.99 billion, which would be 5.0% less compared with total imports occurred during the same period of previous year.
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| Taiwan and EU could have a smaller trade agreement: EU Representative |
| The European Union and Taiwan could strengthen bilateral trade ties by moving onto more specific agreements before starting talk on the comprehensive free trade agreement, the EU's trade representative in Taiwan said.
“We could begin with smaller agreements,” said Frederic Laplanche, head of the European Economic and Trade Office, when asked about the possibility of a free trade agreement between Taiwan and the EU.
Smaller agreements could include an economic cooperation agreement or an investment protection pact, Laplanche said on the sidelines of an EU-Taiwan trade expo in Taipei.
Before any talks on smaller agreements, however, Taiwan needs to remove some trade barriers, such as the restriction of EU meat exports to Taiwan and the government's conservative procurement system, Laplanche said.
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Taiwan Economic Research Monthly
The new era in Taiwan’s convention industry |
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The key power promotes Taiwan’s convention industry: Non-profit organisation (NPO)
 Neither rules nor procedures are placed into obtain hosting international convention. Obtaining the convention projects needs the relevant policies, local hardware and software services as well as participating the international organisations. Therefore, private non-profit organisations are the core to acquire the chance to host the international convention in Taiwan through NPOs' interrelations with other international non-profit organisations.
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Taiwan customised international convention: ICCA, CSW, and APES
Hosting an international convention is not a simple job; it requires a long time to be recognised by the international convention industries and international organisations. This article illustrates successful cases for public reference.
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