DEMOGRAPHIC PROFILE OF TAIWAN

Capital
The capital of Taiwan is Taipei.

Location
Eastern Asia, islands bordering the East China Sea, Philippine Sea, South China Sea, and Taiwan Strait, north of the Philippines, off the southeastern coast of China.

Area
The total area of Taiwan is 35,980 sq km, which includes land of 32,260 sq km and water of 3,720 sq km.

Population
The population of Taiwan as per July 2011 is 23,071,779

DIFFERENT ECONOMIC SECTORS OF TAIWAN

Correspondingly, the government has identified and appropriated funding for the development of 10 high technology industries that will be the foundation of Taiwan's economy. The following are the ten industries: Communications, Information, Consumer electronics, Semiconductors, Precision machinery and automation, Aerospace, Advanced materials, Specialty chemicals and pharmaceuticals, Medical and health care equipment, and Pollution control and treatment.

ECONOMIC OVERVIEW OF THE COUNTRY

Taiwan ranks 18th in comparison to India ranking 4th while comparing the world chart of purchasing power parity. GDP (purchasing power parity):
$821.8 billion (2010) $741.5 billion (2009) $756.1 billion (2008) Key Facts
GDP (official exchange rate): $430.6 billion (2010) GDP - real growth rate: 10.8% (2010) GDP-composition by sector: Agriculture: 1.4% Industry: 31.1% Services: 67.5% (2010) Labor force: 11.07 million (2010) Unemployment rate: 5.2% (2010)

OVERVIEW OF INDUSTRIES TRADE AND COMMERCE IN TAIWAN

The following are the major industries of Taiwan:
Electronics, communications and information technology products, petroleum refining, armaments, chemicals, textiles, iron and steel, machinery, cement, food processing, vehicles, consumer products, pharmaceuticals.

Exports: $274.4 billion (2010)

$203.4 billion (2009)

Imports: $251.4 billion (2010)

$174.4 billion (2009)

PRESENT TRADE RELATIONS AND BUSINESS VOLUME OF DIFFERENT PRODUCTS WITH INDIA
Year Exports Growth compared Imports Growth compared

to
India 2004 2005 2006 2007 2008 2009 2010 (Jan-Apr) 1,070.2 1,567.9 1,471.1 2,342.0 3,007.5 2,531.4 1,008.7

to previous year (%) from India

to previous year
(%)

-46.51 - 6.17 59.2 28.42 -15.83 23.3

860.5 857.2 1,245.3 2,542.4 2.338.4 1,623.9 1,054.7

-- 0.38 45.28 104.16 - 8.02 -30.56 242.2

PRODUCTS EXPORTED AND IMPORTED BETWEEN INDIA AND TAIWAN

Exports to India Mineral fuels Oils Electrical machinery Imports from India Cereals Organic chemicals Iron

Organic chemicals
Plastic articles Equipment

Steel
-

Pestle Analysis
Political Analysis
shifted from being strictly communist to democratic system Constitution: December 25, 1946; last amended 2005. Major political parties: Kuomintang (KMT or Nationalist Party); Democratic Progressive Party (DPP); several small parties Central budget proposed (FY 2011): NT $1.789 trillion (U.S. $62.79 billion)

Economic Analysis
focus shifted from, capital-intensive and technology-intensive toward developing the service sector. holding the world's fourth-largest stock of foreign exchange reserves Taiwan's population is aging quickly, with the number of people over 65 accounting for 10.9% of the island's total population as 2011. Taiwan in June 2010 signed the landmark Economic Cooperation Framework Agreement (ECFA) Exports, led by electronics and machinery, generate about 70% of Taiwan's GDP growth

Socio-Cultural Analysis
Culture: is distinctive blend of Chinese, Japanese, and Western influences Religion: Over 93% of Taiwanese are combination of the polytheistic ancient Chinese religion, Buddhism, Confucianism, and Taoism Food: Japanese influence exists in Taiwanese food habits like Pearl milk tea (also known as bubble tea or boba) is a popular tea drink Clothing: prefer traditional clothing headdresses, kimonos, tunics, and sashes, and even particular kinds of ceremonial wedding dresses.

Technological Analysis
Stable technological infrastructure Superior commercialized technology, especially within the information electronics category Technical support from overseas Chinese researchers 3 COMPETITIVE INDUSTRIES Information and semiconductor industries Telecommunication Major manufacturing center for network products and mobile phones.

Environmental Analysis
Area: 36,189 sq. km. (13,973 sq. mi.). Terrain: Two thirds of the island is largely mountainous with 100 peaks over 3,000 meters Natural hazards: earthquakes; typhoons The companies that seek to operate in Taiwan are subjected to the major environmental laws in the region.

Legal Analysis
I. Tariff concessions II. Non-tariff measures III. Trade in services IV. Transparency and Liberalizing Actions in Other Trade Sectors:

Conclusion
The focus of Taiwan's production has shifted away from labor-intensive products to high-tech products. great market for India for both imports and exports. Taiwan in its efforts to attract new foreign investment would help Indian investors through various trade concessions Taiwan's economic system can be expected to become increasingly stable and predictable, thereby providing foreign companies investing in Taiwan with growing commercial opportunities and a reliable policy environment in which to operate.