Exporting to Taiwan

Taiwan. Republic of China (R.O.C.)

Opportunities for Spanish companies in Taiwan

Strong points

  • A dynamic economy in which the foreign sector is of great importance
  • One of the so-called “Asian dragons”.
  • Top investor in continental China.
  • Specific agreements and preferential treatment in matters involving setting up in China
  • Centre for channelling transport in the Asia-Pacific region and China
  • Reliable and sound justice and legal systems. The financial system is open and liberal.

Weaknesses

  • Excessive dependency on mainland China for the production of certain articles
  • Fluctuating relations with mainland China with many high and low points that directly affect the value of its currency.

Investments

  • Consumer goods, agro-food products, fashion, footwear
  • Building materials
  • Automobile parts
  • Infrastructures.
  • Tourism and leisure.

Prospects

  • The antagonism between the two main parties in Taiwan is a determining factor in relations with China.
  • Geostrategic location in Asia that favours its economic positioning.
  • Close relations with China which, due to their peculiar nature, may undergo disturbances.

 

Find us at:

Shanghai

Nanjing West Road N1038
West Gate Mall 1605A, Jing’an District Shanghai 200041
Tel.: (+86) 921 62718347

 

Contact

Form of government

Semi-presidential republic

Official language

  • Mandarin
  • Taiwanese (dialect)

Currency

New Taiwan dollar (TWD)

Exchange rate

  • 1 dollar = 30 TWD (February 2014)
  • 1 euro = 41 TWD (February 2014)

Religion

  • Buddhism (35%)
  • Taoism (33%)
  • Catholicism and Christianity (4%)
  • Other minorities (28%)

Population

23.3 million (2013)

Time difference

From April to September: +6 hours; from October to March: +7 hours

Banco Sabadell in Taiwan

Taiwan_contacto

Eva Wu, Guillermo Díaz (Manager) and Yao Danping.

Experience

Banco Sabadell has been covering Taiwan from its regional office for the north of Asia based in Shanghai, established in 2005

It has correspondent bank relations with the entire Taiwanese banking system, with which it has excellent relations. Banco Sabadell is recognised as a leading bank with respect to the management of international business linked with trade in Taiwan.
Banco Sabadell has lines of financing for medium and long-term projects granted to Taiwanese banks, and Taiwanese banks have similarly granted extensive lines of financing to Banco Sabadell.

Services

  • Advice on setting up Spanish companies in Taiwan.
  • Monitoring import/export operations.
  • Support for projects and tenders by issuing sureties and guarantees to local banks.
  • Making the contacts established with local banks available to SMEs.