Page 14 - 2024 BRAVO! TAIWAN_en

Another success story is the bicycle industry. Taiwan's In 2023, a total of 6.54 million students with at least
two leading bicycle companies, Giant and Merida a university or college education were employed,
attracted over 80% of their industry to central Taiwan representing 56.7% of the overall employed population.
(Taichung City and Changhua County), leading integration In the World Economic Forum's "Global Competitiveness
of up, mid and downstream supply chains and forming Report 2019", Taiwan's ranking for labor market efficiency
the world's strongest high-end bicycle supply base. In is number 15 out of 141 economies. This showing is
response to the international trend of net-zero carbon attributed to a tax system that encourages people to
emissions and the requirements of brand owners, the work and an increase in the labor participation rate
Taiwanese bicycle industry has independently established among women. The government continues to promote
the Bicycling Alliance for Sustainability (BAS), jointly world-class universities and research centers that
proposing to complete an organizational greenhouse gas will turn Taiwan into an East Asian center for higher
inventory within two years and reduce carbon emissions education and a major exporter of Chineselanguage
by at least 3% every year, reduce carbon emissions by at education. By drawing on these resources, multinational
least 25% or 40kgCo2e/unit by 2030. Other initiatives are enterprises can satisfy the manpower needs
expected to help the industry reduce carbon emissions associated with entering the Asia-Pacific market.
from bicycle consumption and production, with larger
companies leading the way for smaller ones, and achieve Sound Infrastructure
the industry’s goal of net zero carbon emissions.
Taiwan has a dense, comprehensive transportation
With the increasing demand for green transportation network. External links include highly developed sea
around the world, bicycles have become an important and air transport systems that connect via seven
mode of sustainable transportation in low-carbon cities, for international harbors and 17 airports. Internal links
commuting, leisure and ways of living. In recent years, the include railways and highways, such as the island-
number of people riding bicycles globally has continued wide conventional rail and highway systems, the west
to grow, driving many new innovations and diversified coast high-speed rail line, a national freeway system
applications. In particular, the demand for electric-assisted and several east-west expressways that link the north-
bicycles has continued to grow. According to statistics south freeways. Coupled with metro systems in Taipei
from the Ministry of Economic Affairs in 2023, the output and Kaohsiung as well as the Taoyuan airport metro,
value of Taiwan's electric-assisted bicycles has reached these convenient transportation networks make travel
NT$ 37 billion, and exports have It exceeded Taiwan's to anywhere in Taiwan within a few hours possible and
vehicle export volume by more than 34%, and its export the shipment and storage of commercial goods cost-
value exceeded Taiwan's export volume by more than effective, fast and efficient.
46%, reaching US$1.213 billion.
Other advantages include nearly universally available
Currently, the development of the global bicycle industry and relatively inexpensive water, electricity and
is moving in the direction of electrification, intelligence, telecommunications utilities. According to the 2023
sharing and services. Given that Taiwan's bicycle industry Taiwan Internet Report, 5G network usage has
and information and communication industry are well continued to climb and now ranks 9th in the world.
developed, we are striving to increase the diverse Internet applications overall are relatively common.
applications of bicycles and the number of people riding E-government services, in particular, are among the
bicycles and capture international market share and best in the world, and its advanced digital technology is
business opportunities through industrial cluster cooperation another strong attraction for foreign businesses.
and cross-industry technology exchanges, from green
product design, low-carbon smart manufacturing to service
value-added system development. Sound Legal Environment
Taiwan's Constitution stipulates that issues
Excellent Labor Force concerning human rights and contractual obligations
and duties should be clearly prescribed by law;
Taiwan has an outstanding workforce. Taiwan's universal therefore, businesses find that regulations relating
education system of colleges, universities, and postgraduate to taxes and fees are transparent and clear. Taiwan
schools produce over 300,000 graduates every year. enjoys a healthy and independent legal system, with
the average Taiwanese citizen having a high sense of
awareness and respect for the law. Predictability and
stability in business operations, therefore, are high.
At the same time, commercial regulations are quickly
adjusted in line with changing international norms and
foreign investors enjoy substantial protection under
the Statute for Investment by Foreign Nationals.
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