Tourism by oaJ33Xs9

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									                                       Foreword
For many decades, Taiwan has been globally recognized because of its substantial contributions
to the world economy through its renowned innovation in engineering and R&D, and producing
numerous IT and high tech products which have ranked either first or second globally. This time,
as the country opens its doors to new relations and new links across the Taiwan Strait, there are
vast opportunities for business and investment that are now available on the island.

In 2008, we ask you to rediscover the New Taiwan and to tap the New Opportunities that now
await potential investors. Marking a milestone across the straits, Taiwan invites you to the most
significant event of the year – the “2008 Taiwan Business Alliance Conference – New Taiwan,
New Opportunities” – which promises to deliver highly dynamic activities that aim to enlighten
you on what investment opportunities are fast booming on the island.

The new Taiwan government has widely accelerated the new policy of deregulation in over 25
aspects to enhance the nation’s economic capabilities. Various government incentives and
plans are already underway, including establishing direct cargo flights, providing more flexible
regulations for setting up headquarters or R&D centers, and minimum capital requirement for
companies established in the country. Apart from the various business opportunities that are also
available within the high tech and service sectors, an infrastructure construction plan called the
“Twelve Major Construction Projects in Taiwan” which includes developing an island-wide
transportation network, a Kaohsiung Free Trade and Ecology Harbor, and building a Taoyuan
International Aviation City, among others, is already in progress to continue attracting investors
to invest in these construction projects.

We therefore invite you to be a part of this spectacular event. Through this unique occasion, it is
hoped that the 2008 Taiwan Business Alliance marks the beginning of a new and lasting business
alliance between Taiwan and the world.
Ushering in a new wave of investment opportunities
With the improved business relations and new links across the Taiwan Strait, various industries are
booming while many government plans and projects are underway. Taiwan is all set to turn st rategies
into action, challenges into opportunities, and promises into reality.



(1)    LED Industry


       The driving force for the growth of the LED market in the future will come from lighting,
       automobile LED and large size backlight applications. Taiwan is the second largest LED
       manufacturing country in the world in terms of output, following Japan. The output value of LEDs
       in Taiwan was USD1.423 billion in the fiscal year 2007, which took about 21.6% share of the global
       output. It also ranks first in the world in terms of quantity and second in terms of value.
       Considering the amazingly huge business opportunities in large size backlights, lighting and
       automobile LED applications, epitaxy in the upstream is an area ideal for foreign investments.


(2)    MEMS


       For decades, the Micro-Electro-Mechanical Systems (MEMS) have been applied and used in IT
       peripherals as well as in the automobile sector. With more applications in consumer products,
       such as MOEMS for TV sets, accelerometers for Wii and iPhones, and MEMS microphones, the
       MEMS market has seen a remarkable growth recently. A more sustainable support for MEMS’
       technological development comes from various government and private institutions in EU,
       Japan, U.S., and Taiwan. According to a forecast by Nexus, an European micro-systems network,
       the global market for MEMS products will increase to US$100-150 billion in 2010 from US$20 billion
       in 2000. Taiwan is estimated to obtain a market share of 1%, around US$1 billion, in 2010. The
       strong supply chain of Taiwan’s semiconductor industries enable many IDM factories, foundries,
       and fabless companies to advance their MEMS component technology. With the integration of
       MEMS and CMOS technologies, Taiwan will explore the potential markets by forging alliances
       with foreign leading companies.


(3)    Biotechnology Industry


       Biotechnology is one of the major industries in which the Taiwan government is actively focusing
       and promoting to become one of the country’s key industries. The island currently has more than
       250 biotech companies specializing in molecular biology, genomics, bioinformatics, small
       molecular drug discovery, biochips, and protein therapeutics. Taiwan also boasts about 158
       universities, 16 medical centers, 81 incubation centers, science and industrial parks, and
       numerous government and private agencies involved in biotech related research. With over
       22,000 graduate students and 166,000 undergraduates taking biotech-related courses, future
       bioscientists will not be scarce in Taiwan.


       Life-science focused national development programs initiated by the government now include
       the National Research Program for Genomic Medicine, the National Science and Technology
       Program for Biotechnology and Pharmaceuticals and Agricultural biotechnology. Among these
       programs, the National Research Program for Genomic Medicine is the most important part of
       Taiwan's goal to become the Asian center for genomic research. The suitable investment items
       of Taiwan’s biotech industry for foreign investors are classification, agricultural biotech, medical
       biotech, industrial biotech, biotech services, and bioinformatics related areas.
(4)   Finance & Insurance Industry


      Taiwan is an emerging and dynamic capital market with over 700 listed companies, a US$734
      billion market capitalization, and 219 listed venture capital companies in the Taiwan Stock
      Exchange. Besides the capability of local banks to expand their business scale and become
      more internationalized through M&As, Taiwan also boasts more than 32 foreign banks with 114
      branch offices throughout the island. With the development of centers for regional funding,
      asset management, and financial services, Taiwan is aimed at becoming the ideal financial
      center in Asia Pacific. In order to meet the changing trends and conditions of the insurance
      market as well as strengthen the business and financial operation of enterprises, various
      regulations for investments in foreign real estate, securities, and others are also relaxed.



(5)   Tourism & Hospitality Industry


      According to the Travel & Tourism Competitiveness Report of WEF, Taiwan ranked 7th among
      Asian countries. There are approximately 90 tourist hotels with over 20,000 rooms and about
      3,218 standard hotels including business hotels. In addition, Taiwan offers around 10 large-scaled
      theme parks and various resorts located throughout the island for entertainment and recreation.
      The Ministry of Transportation and Communications recently proposed the “Medium-term
      Construction Plan for Major Tourist Sites (2008-2011)” to bring about investments in 5 major
      international tourist destinations, namely the Greater Northeast Recreation Area, the Sun Moon
      Lake-Formosan Aboriginal Culture Village Cable Car and Round-the-Lake Recreation Area,
      Alishan Highway Recreation Area, private participation in the “Dapeng Bay National Scenic
      Area” BOT Project, and the development of the Hualien-Taitung Scenic Corridor. With the recent
      opening of direct cross-strait weekend charter flights between Taiwan and Mainland China, and
      the relaxing of restrictions on the gambling and gaming industry, Taiwan is set to receive a
      growing number of foreign enterprises wishing to invest in the country’s tourism industry.



(6)   Logistics Industry


      Taiwan is an ideal global logistics base for the Asia-Pacific region, as its strategic location allows
      the fastest average shipping and flight time in the region with the lowest and most reasonable
      costs. In addition, Taiwan is becoming a major procurement center in Asia, with an increasing
      flow of semi-finished and finished goods from Taiwanese businesses in China and Southeast
      Asian countries. In order to make the island a major international logistics hub, the Taiwan
      government offers attractive incentives and benefits in order to draw numerous foreign
      enterprises and investors to Taiwan. The government has developed 5 Free Trade Zones (FTZs)
      from Northern to Southern Taiwan, namely Taipei Port FTZ, Keelung Port FTZ, Taichung Port FTZ,
      Kaohsiung Port FTZ, and Taoyuan Air Cargo Park FTZ. The Council for Economic Planning and
      Development reported more than 130 enterprises operating in these five zones by the end of
      2007. With the opening of more direct links across the Taiwan Strait, the volume of cargos is also
      expected to increase.
                   The 2008 Taiwan Business Alliance Conference

                              Register now at
                  http://investintaiwan.nat.gov.tw/en



For further information, please contact any of the following:

Taiwan Office :

Mr. Steve Cheng (stevenc@taitra.org.tw)
Ms. Cipher Wang (cipherw@taitra.org.tw)
Tel: (886-2) 2314-1855
Fax: (886-2) 2314-2263


Overseas MOEA and TAITRA Offices:

Contact information can be found through the following websites.

1. http://www.moea.gov.tw        English  Overseas Office


2. http://www.taitra.org.tw       Overseas Offices
(封底)




       Organizer:      Ministry of Economic Affairs

       Co-organizer:   Taiwan External Trade Development Council

								
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