Business / Trade in Taiwan Area
-
CHINA, 2017/05/07
International politics surrounding Taiwan is quietly changing thanks to a rejuvenation in Japan–Taiwanese relations. But revitalised bilateral ties are likely to spell trouble for by presently rocky Sino–Japan relations.
Since Tsai Ing-wen and the pro-independence Democratic Progressive Party (DPP) rose to power in Taiwan’s 2016 presidential election, the new government prioritised developing economic partnerships and trade agreements with economies other than China. The Tsai Ing-wen government has been particularly eager to expand such ties with Japan because of its anxiety over Taiwan’s economic dependence on mainland China.
-
CHINA, 2015/11/09
In Taiwan, opposition politicians instantly voiced their concern about the talks and dozens began to rally in the capital, Taipei. Some called for the impeachment of Ma, noting that before he was re-elected to a second term in office, the president pledged to not meet with China’s leaders or discuss unification.
Just weeks before Taiwan holds general and presidential elections, Taiwan President Ma Ying-jeou announced he will hold face-to-face talks with Chinese leader Xi Jinping in Singapore. The conference Saturday will be the initial between Taiwanese and Chinese leaders since 1949 and authorities in China are predicting it will be a “major historic milestone” in the development of cross-strait relations.
China claims democratically ruled Taiwan is part of its own territory and wants the two to reunify. However, support for unification with China in Taiwan is extremely low.
-
CHINA, 2015/08/24
Ideologically speaking, Taipei City Mayor Ko Wen-je may belong to the so-called deep-green, pro-independence fundamentalist camp, but his ideology seems to have seldom gotten in the way of his pragmatism, which was on display in his just concluded trip to China.
Of course, by welcoming Ko to a three-day official visit to Shanghai, China has as well shown some sort of pragmatism, or at least it took a tiny step back from its unwavering ideology against any form of the pro-Taiwan independence cause.
It was a necessary step that Beijing had to take, judging from the political climate in Taiwan: the China-friendly Kuomintang lost a humiliating defeat in last November's local elections to the pro-independence Democratic Progressive Party, which stands a good luck of taking the presidency and controlling the parliament come next year.
-
TAIWAN AREA, 2014/03/08
Taiwan is providing an EC$13.1 million (One EC dollar = US$0.37 cents) grant to St. Lucia to fund three projects identified by the Kenny Anthony government.
A government statement said that EC$8.3 million will be used for the Constituency Development Programme (CDP); EC$$4.2 m for the St. Judes Hospital Reconstruction project and just over half a million dollars to upgrade the island’s fishing industry.
\"It is my firm belief that through our joint effort and cooperation programme, the existing close relations between St .Lucia and the Republic of China (Taiwan) will be further strengthened and continue to bring benefits to our two peoples,\" said Taiwanese Ambassador James Chang.
-
TAIWAN AREA, 2013/08/04
Foreign chambers of commerce in Taiwan suggest Taiwanese should break away from hesitation and turn economic liberalization into an effective instrument for the development of the country.
Giuseppe Izzo, chairman of the European Chamber of Commerce Taiwan, Thomas Fann, member of the American Chamber of Commerce in Taipei board of governors, and other representatives of foreign businesspeople delivered the invitation at the Taiwan Economic Summit in Taipei, yesterday.
-
TAIWAN AREA, 2013/06/11
The American Chamber of Commerce (AmCham) in Taipei yesterday released its annual Taiwan White Paper, calling upfront for the Ma government to boost the country's in general competitiveness. The white paper explores the issues AmCham wishes to discuss with the Taiwan government and to relay back to the U.S. government. Its major focus is on improving the business climate in Taiwan and smoothing economic ties between the two nations.
-
TAIWAN AREA, 2012/12/24
From now on another firm has joined the string of businesses announcing pay rise plans, with Wowprime Group yesterday saying it will increase employee pay by 3 to 5 % next year.
Effective Jan. 1, 2013, part-time employees at the restaurant group will see their hourly pay rise from the current NT$109 to NT$114, said Wowprime Chairman Tai Sheng-yi at a group charity event.
Tai's remarks come hot on the heels of news that other firms will hike pay as part of retaining talent and boosting workers' morale.
-
TAIWAN AREA, 2012/12/22
November export increase was higher than ministry expectations, said Lin Lee-jen (林麗貞), director of the MOEA Statistics Department. The rise in export orders was mainly driven by data communication technology (ICT) products, the ministry said. ICT exports for November reached US$10.94 billion and took the major share of the export market.
According to the MOEA, export figures for both electronic products and precision equipment were as well high, beating previous expectations. Electronics exports sat at US$9.51 billion, while precision equipment reached US$3.41 billion.
