Economically, is Taiwan competing with China, or they are helping each other?
The continuing liberalization of links across the Taiwan Strait means that foreign companies are increasingly choosing Taiwan, both as a market in its own right and as a stepping stone into China.
Taiwan has signed 27 agreements with China including the Economic Cooperation Framework Agreement (ECFA):
As a result, China has cut tariffs on 539 items exported from Taiwan to China, and further cuts are planned.
Taiwan and China concluded a services agreement in 2013 which needs to be approved by the Taiwan Legislative Yuan (parliament). If this controversial agreement is passed, it should pave the way for even closer economic ties.
This Credit Insight is an extract from the book Happy Customers Faster Cash, Taiwan Edition and it is now on sale at Amazon.
This book is a learning tool for people engaged in the credit process. It contains three extensive chapters about credit management, business culture and communication with the focus in Taiwan. A chapter is dedicated to discussing various aspects of Taiwan company credit reports.
Alexander has over 25 years of experience in Business Information Management and Information Technology. Previously, he has held leadership positions in the world’s leading Business Information providers, including Managing Director of Thomson Reuters Asia, and General Manager of Dun & Bradstreet (D&B), Hong Kong and Taiwan. In addition, he personally managed Hong Kong's Commercial Credit Bureau while working with D&B, and the Consumer Credit Bureau through his directorship at TransUnion Limited.