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As the center of the global economy gradually moves from west to east,
attention is shifting from mature to emerging markets. Whether in terms of
s
language, geography or culture, Taiwan' proximity to the Mainland China
market is indispensible. Other advantages, such as the ability to innovate,
manufacturing strength, and the integration of Taiwanese businesses into
Asian industrial chains, lead international enterprises to choose Taiwan as
their base for entering Mainland China and the emerging markets of Asia.
They then use Taiwan as a platform to expand worldwide. Business Climate

Excellent Performance in International Rankings

Taiwan's investment environment scores highly in numerous
international rankings. In the "Global Competitiveness Report 2019",
issued by the World Economic Forum, Taiwan came in 12th out of 141
economies and fourth in the Asia-Pacific. The Economist Intelligence
Unit ranked Taiwan's business environment to be 13th best in the world
in its projection for the 2019 period.

In the second Business Environment Risk Intelligence (BERI) report of
2023, Taiwan ranked sixth in the world's best investment destinations.
Switzerland's World Competiveness Center of the International Institute
for Management Development (IMD) ranked Taiwan 6th in the 2022
World Competiveness Yearbook – up one position from last year and our
strongest performance since 2013. Taiwan finished 15th out of 190 ranked
economies for ease-of-doing-business in the World Bank's Doing Business
2020 report.

Strong Industrial Clusters

The distribution of industrial clusters in Taiwan can generally be broken
down into electronics and technology in the north, precision machinery
in central regions, and petrochemicals and heavy industry in the south
(Key industry distribution is further described in the attachments section
of this book). The World Economic Forum's "Global Competitiveness
Report 2019"named Taiwan's "State of Cluster Development"as fifth
best in the world. From upstream to midstream to downstream, Taiwan
offers sound industrial supply chains that can meet client needs, offer
fast response times and quickly provide customized components. In
terms of quality and quantity, the competitive nature of Taiwanese
products is a major reason why foreign investors choose the island as
an investment destination.

The highly developed nature of its industrial clusters has made Taiwan
the world's second-largest information hardware producer. The island's
semiconductor foundry industry and semiconductor packaging and testing
industry are first in the world. Its IC design industry is ranked second in the
world and its PC products industry is third.

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