新年快樂Best Wishes for the New YearPróspero Año NuevoOnnellista Uutta VuottaBeste Wünsche zum JahreswechselMeilleurs Voeux pour la Nouvelle Année새해를 맞이하여 만복이 깃드시길 기원합니다

Connecting TAIWAN and the WORLD,CIECA means business.

CIECA News LetterNo. 30 /November, 2014

1/47

No. 30 /November, 2014

Index

Headline News ......................................................................................... P.01

Executive Yuan announces new Cabinet

Oil price closes below $US60 a barrel

New climate change plan agreed by over 190 nations

Special News..............................................................................................P.04

Taiwan, Poland sign youth exchange agreement

EU’s Juncker proposes $380 billion investment plan

Rouble suffers biggest one-day fall since 1998 as oil slides

Tabaré Vázquez Reclaims Presidency in Uruguay Election

Saudi would consider output cut if Russia, others join in – official

Suu Kyi condemns Myanmar constitutional rules

CIER: Beijing-Seoul FTA to erode Taiwan’s global market share

Deputy labor minister downplays impact of Indonesia’s laborer cut off

Bilateral Meetings and Seminars.............................................................P.09

The 30th

Taiwan-Sweden Joint Business Council Meeting

The 12th

Taiwan-Peru Joint Business Council Meeting

The 39th

Joint Conference of ROC-Korea and Korea-Taiwan Business

Councils

The 24th

Joint Economic Cooperation Meeting between CIECA & FTI

The 10th

Taiwan-Chile Joint Business Council Meeting

The 3rd

Taiwan-Dominican Republic Joint Business Council Meeting

The 1st Taiwan-Haiti Joint Business Council Meeting

The 12th

Taiwan-Poland Joint Business Council Meeting

The 7th

Austria-Taiwan Economic Cooperation Conferenc

Slovenia-Taiwan Business Forum

Guests From Abroad.................................................................................P.25

Mr. Arnaldo Castillo, Delegate Presidential of Investment in Asia, the

Republic of Honduras and Mr. Yankel Rosenthal, Minister of Ministry of

Investment Promotion visited Taiwan

Mr. Illimar Paul, Development Manager, Estonian Logistics Cluster,

visited Taiwan

Spanish Parliament Delegation calls at CIECA

Top Swiss Officer called on CIECA

Economic News..........................................................................................P.28

Global Economic Indicators-Output, Prices and Unemployment……P.39

An Outline of Republic of China’s Economics.......................................P.41

2015 CIECA Event Plan...........................................................................P.44

CIECA News Letter

1/47

Headline News

Executive Yuan announces new

Cabinet

With a view to promoting policies

that better meet public expectations

while enabling seamless administrative

continuity, most Cabinet officials will

remain at their posts, the Executive

Yuan announced today.

Cabinet appointees had all resigned

on Monday, December 1 to take

responsibility for ruling party defeats in

the November 29 local elections.

Minister of Science and

Technology Chang San-cheng will

become the new vice premier. The

Executive Yuan said that Chang is an

information technology (IT) expert

from the private sector. He has a

practical background in engineering,

science and technology, IT and

management and is a seasoned

communicator and coordinator.

Together with new Premier Mao

Chi-kuo, Chang will plan and execute

government affairs with a pragmatic

and forward-looking perspective,

officials said.

In order to strengthen policy

coordination and promotion in

environmental protection and

sustainable development, Political

Deputy Minister of the Environmental

Protection Administration (EPA) Yeh

Shin-cheng, an environmental expert,

has been named a minister without

portfolio.

The new minister of the Coast

Guard Administration, Wang Chung-yi,

was promoted from deputy minister.

According to the Executive Yuan,

the new Cabinet expects to promote its

administrative policies with “the

simplicity and practicality of an

engineer and the precision and

efficiency of a manager,” as well as “a

humble, respectful and communicative

attitude.” Increasing the welfare of all

Taiwanese people will be the Cabinet’s

top priority, and it aims to lead

Taiwanese society steadily forward.

In addition to Premier Mao and

Vice Premier Chang, the Cabinet

appointees include:

Ministers without Portfolio:

Lin Junq-tzer (concurrently Governor,

Taiwan Province)

Kuan Chung-ming

(concurrently Minister, National

Development Council)

Feng Yen

2/47

Tsai Yu-ling (concurrently Minister,

Mongolian and Tibetan Affairs

Commission)

Duh Tyzz-jiun (newly appointed and

concurrently Governor, Fujiang

Province)

Hsu Chun-yat (concurrently Minister,

Public Construction Commission)

Yeh Shin-cheng (newly appointed)

Secretary-General: Lee Shih-chuan

Deputy Secretary-General: Hsiao

Chia-chi

Spokesperson: Sun Lih-chyun

Minister of the Interior: Chen Wei-zen

Minister of Foreign Affairs: Lin

Yung-lo

Minister of National Defense: Yen

Ming

Minister of Finance: Chang Sheng-ford

Minister of Education: Wu Se-hwa

Minister of Justice: Luo Ying-shay

Minister of Economic Affairs: Deng

Chen-chung (newly appointed)

Minister of Transportation and

Communications: Yeh Kuang-shih

Minister of Health and Welfare: Chiang

Been-huang

Minister of Labor: Chen Hsiung-wen

Minister of the Overseas Community

Affairs Council: Chen Shyh-kwei

Minister of the Mainland Affairs

Council: Wang Yu-chi

Minister of the Financial Supervisory

Commission: Tseng Ming-chung

Minister of the Veterans Affairs

Commission: Tung Hsiang-lung

Minister of the Atomic Energy Council:

Tsai Chuen-horng

Minister of the Council of Agriculture:

Chen Bao-ji

Minister of the Council of Indigenous

Peoples: Lin Chiang-yi

Minister of the Hakka Affairs Council:

Liu Ching-chung

Minister of the Directorate-General of

Budget, Accounting and Statistics: Shih

Su-mei

Minister of the Directorate-General of

Personnel Administration: Huang

Fu-yuan

Minister of the EPA: Wei Kuo-yen

Minister of the Coast Guard

Administration: Wang Chung-yi

Director of the National Palace

Museum: Fung Ming-chu

The vacant ministerial posts of the

Ministry of Science and Technology

and the Ministry of Culture will be

temporarily assumed by the respective

political deputy ministers of these

agencies, Lin Yi-bing and Hung

Meng-chi.

(Source：2014-12-5 Department of

Information Services, Executive Yuan)

3/47

Oil price closes below $US60 a barrel

THE price of oil has fallen below

$US60 for the first time since July 2009

and ended trading in New York at

$US59.95 a barrel.

Benchmark US crude oil dropped

US99c, or 1.6 per cent.

Oil has fallen steadily for nearly six

months, and is down 44 per cent since

reaching a high for the year of

$US107.26 in late June.

Brent crude, the international

benchmark, fell by US52c, or 0.8 per

cent, to $US63.72 a barrel.

The drop is a result of rising global

oil production, especially in the US, at

a time when global demand has

weakened because of slowing

economies in Asia and Europe.

The price collapse has pushed

down prices for petrol, diesel and other

fuels, lowering expenses for drivers,

shippers and airlines.

But it has sent the prices of energy

company stocks spiraling lower.

(Source: December 12, 2014 The

Australian)

New climate change plan agreed by

over 190 nations

The world's worst polluters agree

to a new plan to tackle climate change,

but some environmental campaigners

are scathing about the deal.

A UN deal on climate change has

been hailed as an "important

breakthrough" for requiring developing

countries, and not just rich ones, to

control their greenhouse gas emissions.

New compromises were struck

between emerging and developed

nations over how to tackle climate

change, with both China and the US -

two of the world's biggest polluters -

content with the new deal.

Governments will need to submit

new plans early next year for dealing

with greenhouse gas emissions.

These will then form the basis for

global agreement at a summit in Paris

at the end of the year - but this means

that most decisions on how to tackle

climate change will be delayed for a

year.

Samantha Smith from conservation

group WWF was highly critical of

successive drafts of the agreement at

Lima, saying: "We went from weak to

weaker to weakest."

The final agreement was reached

after two days of extra talks following

two weeks of negotiations which came

4/47

close to collapsing.

There had been concern that early

drafts imposed too much of a burden on

developing countries like China and

India compared with the rich.

The deal satisfied the US, which

said it was time for fast-growing

economies to put a halt on rising

emission levels.

China is the biggest emitter of

greenhouse gases, ahead of the US, EU

and India.

The prospect of a UN deal

imposing requirements on all nations

marks a significant shift from the

Kyoto Protocol of 1997, which only

requires rich nations to cut their

emissions.

A climate change report in

November warned the world

faces "severe, widespread and

irreversible" effects if moves were not

made to drastically cut greenhouse gas

emissions.

Solutions are available to cut

emissions by 2020, but the pledges

made by countries to cut greenhouse

gases are not enough, said the

Intergovernmental Panel on Climate

Change (IPCC).

About 80 per cent of greenhouse

gas emissions in recent decades was

carbon dioxide from fossil fuels and

industrial processes, the IPCC said.

It added that power from

low-carbon energy sources, including

renewables and nuclear power, would

need to be scaled up from 30 per cent

of electricity generation now to more

than 80 per cent by mid-century to limit

rising temperatures.

Christiana Figueres, the UN's

climate chief, said the new Lima

approach to tackling climate change

was "a very important breakthrough".

But Jagoda Munic, chairperson of

Friends of the Earth International,

said concerns that the talks would be

unable to deliver "a fair and ambitious

outcome" had turned out to be

"tragically accurate".

(Source: December 14, 2014 Channel

4)

------------------------------------------------

Special News

Taiwan, Poland sign youth exchange

agreement

South Korea's central bank low

Taipei, Nov. 5 (CNA) Taiwan and

Poland have signed an agreement on

youth cultural and educational

5/47

exchanges that paves the way for a

working holiday program that is set to

be launched early next year, the

Ministry of Foreign Affairs said

Wednesday.

The signing of the agreement took

place earlier that day and the working

holiday program is scheduled to take

effect next January after the two

countries finish follow-up

administrative procedures, the ministry

said in a statement.

Under the terms of the agreement,

Taiwan and Poland will each allow an

annual quota of 200 citizens aged 18-30

to travel and work in each other's

country for up to one year, according to

the ministry.

"The program is expected to

increase mutual understanding among

the people of both sides and to promote

tourism, cultural and youth exchanges

and cooperation," it said.

Poland is the seventh European

country and the 12th worldwide to have

inked a working holiday agreement

with Taiwan, the ministry said.

The other 11 are Germany, Ireland,

Belgium, the United Kingdom,

Hungary, Slovakia, Australia, Canada,

Japan, South Korea and New Zealand.

Located in the heart of Europe,

Poland has a population of about 38

million. It is bordered by Russia to the

north, Belarus, Lithuania and Ukraine

to the east, the Czech Republic and

Slovakia to the south and Germany to

the west. (Source: November 5, CNA)

EU’s Juncker proposes $380 billion

investment plan

Jean-Claude Juncker, the president

of the European Union's executive

branch, is proposing a 315 billion euro

($380 billion) investment plan to boost

the bloc's flagging economy with some

21 billion coming from EU institutions.

The new European Commission

president said Wednesday that the

long-awaited plan is centered round EU

guarantees that should entice private

investors to fund projects benefiting

education, transport, the digital

economy and the environment.

He said the European Investment

Bank will be the "prime mover" in

delivering seed money for those

investments that would not occur if

only private resources were available.

Juncker said every euro invested could

generate investment of about 15 euros.

Juncker said a message needs to go

out to the people of Europe and the rest

of the world: "Europe is back in

6/47

business." (Source: November 26, 2014

Associated Press)

Rouble suffers biggest one-day fall

since 1998 as oil slides

The rouble suffered its biggest

one-day decline since 1998 as oil prices

continued to fall on Monday, escalating

fears about the Russian economy.

The currency slid almost 9%

against the dollar before rallying after

suspected central bank intervention.

Russia is heavily dependent on

revenues from oil exports, making its

currency vulnerable to falling prices.

Brent crude hit $67.53 a barrel, the

lowest it has been since October 2009,

before regaining some ground.

It was just above $70 in late trading

on Monday, while US crude was at

$66.34 a barrel, having hit an intraday

low of $63.72 - the lowest since July

2009.

Russia is the world's second-largest

oil exporter, with oil and gas

accounting for 70% of its exports and

half of government revenues.

Oil prices have fallen by more than

a third since the summer, while the

rouble is down nearly 40% against the

dollar since January.

The economy has also been hit by

western sanctions imposed on Russia in

retaliation for its annexation of Crimea,

and support for separatists in parts of

eastern Ukraine.

The currency regained some

ground to be at 52 roubles against the

dollar and 64 against the euro, still

down some 4% for the day at the end of

the main trading session in Moscow.

Traders said the afternoon rally

pointed to intervention by Russia's

central bank, which declined to

comment. The central bank has not

intervened in the foreign exchange

market since 10 November, saying it

would do so only if it considered the

rouble's fall a threat to financial

stability.

Ksenia Yudayeva, deputy chairman

of the central bank, tried to reassure

traders by saying there was sufficient

liquidity in currency markets and that

the bank had prepared new economic

forecasts based on a price of $60 a

barrel.

Laura Lambie, senior investment

director at Investec Wealth &

Investment, said the Kremlin may

privately welcome a weaker rouble

7/47

because it helped to counter lower oil

prices.

Globex Bank senior trader Igor

Zelentsov said in a note: "Support for

the rouble at present can only come

from stabilisation of the oil price. Other

factors now look secondary and of little

significance."

OPEC maintains output

The latest falls in the oil price

follows OPEC's decision last week not

to cut output and leave its production

target at 30 million barrels a day.

Saudi Arabia, the cartel's biggest

producer, said on Monday that it was

content with the decision to maintain

output despite a supply glut and

plunging prices.

Amrita Sen, Energy Aspects' chief

oil analyst, said: "The market is still

very much in panic mode. Once we get

over the panic, Brent prices will

probably stabilise at around $65 to $80

a barrel in the short term."

Eugen Weinberg, a Commerzbank

analyst, said: "The market is still

looking for a new equilibrium below

$70 [a barrel], which is a little

surprising given that with the current

prices much of the shale oil production

in the US, or part of it, will be

unprofitable."

Malaysia's oil-dependent ringgit

also suffered heavy losses, while the

yen hit a seven-year low against the

dollar and Nigeria's naira was down 2%

to a new record low against the

greenback.

China slows

The slide in oil prices was

compounded by China's factory activity

slowing by more than expected in

November, with the official purchasing

managers' index (PMI) dipping to 50.3

in November from October's 50.8,

closer to the 50 point mark that

separates growth from contraction.

The fears of declining demand

from China also sent copper prices to

their lowest level in four-and-a-half

years in London and hit shares in

mining companies.

Neil Williams, chief economist at

fund manager Hermes in London, said:

"Over-optimistic global growth

forecasts have been pared back, and

probably rightly so, and also China has

come back on to the radar. And that of

course has become a big driver for a lot

of commodity prices."

Adding to the gloom were figures

8/47

showing that eurozone manufacturing

growth stalled in November as new

orders fell at the fastest pace in 19

months, despite heavy price cutting.

The final PMI reading for the

manufacturing sector in November

came in at 50.1, the lowest number

since June 2013.

Chris Williamson, chief economist

at survey compiler Markit, said: "The

situation in euro area manufacturing is

worse than previously thought... there

is a risk that renewed rot is spreading

across the region from the core."

Meanwhile, Moody's downgraded

its credit rating for Japan on Monday,

citing "rising uncertainty" over the

country's debt situation and prime

minister Shinzo Abe's faltering efforts

to boost growth, with an election a

fortnight away.

The ratings agency cut Japan's

rating by one notch to A1 from Aa3,

after the economy sank into recession

during the third quarter. (Source:

December 1, 2014 BBC)

Tabaré Vázquez Reclaims

Presidency in Uruguay Election

Uruguayan voters elected Tabaré

Vázquez as president on Sunday in a

show of support for the leftist coalition

that has governed the country over the

last decade, presiding over robust

economic growth and a pioneering set

of socially liberal laws, including a

state-controlled marijuana market.

Dr. Vázquez, 74, an oncologist and

former president from 2005-10,

defeated Luis Lacalle Pou, 41, a leader

of the conservative National Party who

had vowed to scale back the

legalization of marijuana in the small

country of 3.4 million people. Mr.

Lacalle Pou called Dr. Vázquez on

Sunday night to congratulate him after

several unofficial exit polls showed Dr.

Vázquez winning by a comfortable

margin. Official results are expected on

Monday.

The election came after a stretch in

which Uruguay’s president, José

Mujica, 79, a former guerrilla, raised

the country’s profile with legislation

that legalized abortion and same-sex

marriage and created the marijuana

market. He is set to leave office with

high approval ratings.

Dr. Vázquez is more moderate than

Mr. Mujica, having vetoed an abortion

law during his first term as president.

He has also expressed opposition to

parts of the marijuana law, a position

shared by many Uruguayans as broad

9/47

skepticism persists over the project.

Still, he has said that he would enforce

the law. (Source: November 30, 2014

New York Times)

Saudi would consider output cut if

Russia, others join in - official

Saudi Arabia would only consider

cutting production if other countries,

including non-OPEC producer Russia,

joined in limits, former Saudi

intelligence chief Prince Turki bin

Faisal said on Tuesday.

"The Kingdom is not going to give

up market share at this time for

anybody and allow producers whether

in Russia, Nigeria, Iran and other

places to sell to Saudi customers

because we cut our production," Prince

Turki said during a visit to London.

"If there is a reasonably guaranteed

oversight of production quotas – if they

ever are agreed with and someone can

definitively say there will never be

under-the-table selling of the oil from

these other countries – maybe then I

think Saudi Arabia and other oil

producers would be willing to cut down

production," he said.

"But we have tried that in the past

and unfortunately other producers took

advantage," the prince added.

Oil has fallen since June to reach its

lowest since October 2009 on Monday

as new supplies of high-quality, light

crude from North America

overwhelmed demand, which in turn

has suffered from slower economic

growth in China and Europe.

The Organization of the Petroleum

Exporting Countries had been expected

to trim output last week to try to

rebalance the market but agreed to

maintain existing production targets.

Prince Turki said the Kingdom had

accumulated sufficient financial

reserves over recent years to finance

requirements even if oil prices fell.

"I see no immediate crisis for Saudi

Arabia in the coming couple of years or

so," he said. (Source: October 10, Latin

American Herald Tribune)

------------------------------------------------------

Bilateral Meeting

The 30th

Taiwan-Sweden Joint

Business Council Meeting

The 30th Taiwan-Sweden Joint

Business Council Meeting was held on

November 12, 2014 at Taipei

International Convention Center, Room

101B in Taipei.

The Conference was co-chaired by

Dr. C.K. Liu(Chairman,

Taiwan-Sweden Joint Business Council)

and Mr. Mats H. Olsson(Chairman of

10/47

Sweden-Taiwan Business Council

/Senior Vice President and Head of

Asia-Pacific of Ericsson). A total of

155 participants from Taiwan and

Sweden attended the meeting. Dr.

Yen-Shiang Shih(National Policy

Advisor to the President) and Mr. Erik

Bromander(State Secretary at the

Ministry for Enterprise, Energy and

Communications, Sweden) also came

to give keynote speech.

1. The Plenary Sessions：

focused on “ICT” and “Green Energy”

sectors, with following:

“Taiwan’s Green Energy Industry and

Collaboration Opportunities” ： Dr.

Robert Hu, General Director, Green

Energy and Environment Research

Laboratories, Industrial Technology

Research Institute

“Swedish Clean Technologies- Building

Sustainable Future ” ： Mr. Sten

Engstrom, Senior Investment Advisor,

Cleantech, Business Sweden

“Mobile Broadband Services and

Industrial Development Opportunities

in Intelligent Aerotropolis” ： Mr.

Chau-Young Ivan Lin, Chunghwa

Telecom Enterprise Business Group/

Deputy Principal Engineer

“Networked Society Challenges and

Opportunities” ： Mr. Hakan Cervell,

President, Ericsson Taiwan

Signing of MOU

Mr. Henrik Baltscheffsky, CEO of

Hexicon AB of Sweden, Mr.

Wen-Du Hsu, President of Taiwan

Wind Turbine Industry

Association(TWTIA), and Mr.

Allen Huang, Director of Metal

Industries Research &

Development Centre(MIRDC)

singed the MOU to promote

cooperation at Offshore Wind

Power Energy sector.

Group Discussion

Green Energy Sector Group ：

topics and speakers with following:

“The Overview of Taiwan Wind

Power Industry” ： Mr. Yule K.

Wang, Assistant Vice President,

ECO Energy Business Group,

TECO Electric & Machinery Co.,

Ltd.

“Global Financial Trends in

Renewable Energy and the Dawn of

Floating Wind Power” ： Mr.

Henrik Baltscheffsky, CEO,

Hexicon AB

“Succeed in Doing What is

Necessary” ：Mr. Shungwei Su,

Principal of J. J. Pan and Partners

“Green it all – the Power of

Landscape Architecture” ： Mr.

Antoine Blancher, Partner, Green

Fortune AB

11/47

ICT Sector Group ：topics and speakers

with following:

“IOT Industry and Implementation

Status in Taiwan“ by Ms. Mina Wang,

R&D Director, Smart Network System

Institute, Institute for Information

Industry

“Global Financial Trends in

Renewable Energy and the Dawn of

Floating Wind Power” ： Mr. Henrik

Baltscheffsky, CEO, Hexicon AB

“Smart Life And Smart Phone-Mobile

Payment in Taiwan” ： Ms. Christine

Kuo, Project Manager, Yankey

Interaction Innovation Integration

“Cyber Security on Your Own

Devices“ ： Mr. Maw-Tsong Lin, CEO

and Founder, Keypasco AB

The 30th Taiwan-Sweden Joint Business

Council Meeting took place at Taipei

International Convention Center, Room 101 B

on November 12, 2014 in Taipei, Dr. C.K. Liu,

Chairman of Taiwan-Sweden JBC, gave the

opening remarks

Dr. Yen-Shiang Shih, National Policy Advisor

to the President delivered keynote speech in

the plenary session

Mr. Erik Bromander, State Secretary at the

Ministry for Enterprise, Energy and

Communications of Sweden delivered keynote

speech in the plenary session

Photo of key players in the 30th

Taiwan-Sweden Joint Business Council

Meeting

(from left side) Mr. Erik Bromander, State

Secretary at the Ministry for Enterprise,

Energy and Communications of Sweden; Mr.

Mats H. Olsson, Chairman, Sweden-Taiwan

Joint Business Council /Senior Vice President

and Head of Asia-Pacific, Ericsson; Dr. C.K.

12/47

Liu, Chairman, Taiwan-Sweden Joint

Business Council/Chairman of TECO Group;

Dr. Yen-Shiang Shih, National Policy Advisor

to the President

MOU Signing Ceremony between Hexicon,

the Taiwan Wind Turbine Industry Association

and Metal Industries Research &

Development Centre

(from left side) Mr. Erik Bromander, State

Secretary at the Ministry for Enterprise,

Energy and Communications of Sweden; Mr.

Wen-Du Hsu, President of Taiwan Wind

Turbine Industry Association (TWTIA); Mr.

Henrik Baltscheffsky, CEO of Hexicon AB of

Sweden; Mr. Allen Huang, Director of Metal

Industries Research & Development

Centre(MIRDC); Dr. Yen-Shiang Shih,

National Policy Advisor to the President)

Signing of Joint Statement by both Chairmen

(from left side) Mr. Mats H. Olsson, Chairman

of Sweden-Taiwan Joint Business Council

/Senior Vice President and Head of

Asia-Pacific of Ericsson; Dr. C.K. Liu,

Chairman of Taiwan-Sweden Joint Business

Council/Chairman of TECO Group)

The 12th

Taiwan-Peru Joint Business

Council Meeting

The 12th Taiwan-Peru Joint

Business Councils Meeting was held on

November 12, 2014 at Conference

Room #5, 2F, TWTC Exhibition Hall in

Taipei, Taiwan. The Peruvian

delegation was led by Mr. Jose Rosas,

General Manager of Lima Chamber of

Commerce. The Taiwan delegation was

headed by Mr. Fred P. C. Huang, Vice

Chairman, Chinese International

Economic Cooperation Association

(CIECA). A total of 70 participants

from Taiwan and Peru attended the

meeting. Mr. Phillip Wen-Cheng Chen,

Director of Second Bilateral Trade

Division, Bureau of Foreign Trade,

MOEA made special remarks at the

opening ceremony.

The plenary session provided the

delegates a forum to discuss possible

areas for cooperation. The meeting

topics focused on “Economic

Environment and Taiwan-Peru

Cooperation” and “Introduction of

Taiwan and Peru Fisheries”. Several

speakers were invited to make

presentations as follows:

1. “Taiwan’s Economic Situation and

Investment Climate” by Dr. Darson

Chiu (Director General, Chinese Taipei

Pacific Economic Cooperation

13/47

Committee)

2. “Peru: Macroeconomic Situation and

Investment Opportunities” by Mr. Jose

Rosas (General Manager, Lima

Chamber of Commerce)

3. “Sustainable Fishery in Taiwan” by

Mr. Shih-Hsiung Chen(Specialist,

Fisheries Agency, Council of

Agriculture, Executive Yuan)

4. “A brief introduction on Taiwan

Fisheries” by Ms. Hui-Shan

Ma(Secretary, Overseas Fisheries

Development Council of ROC)

5. “Peruvian Seafood Offer” by Mr.

Carlos Manuel Arca (Official of

Promperu)

After the plenary session, participants

from both sides attended Business

Networking to explore cooperation

opportunities.

Group photo by Taiwan and Peru delegates:

(from left side) Ms. Hui-Shan Ma, Secretary,

Overseas Fisheries Development Council of

ROC; Mr. Carlos Manuel Arca, Official of

Promperu; Mr. Georgios Patsias Silva,

Director of Commercial Office of Peru in

Taipei; Mr. Jose Rosas, General Manager,

Lima Chamber of Commerce; Mr. Fred P. C.

Huang, Vice Chairman of CIECA; Dr. Darson

Chiu, Director General, Chinese Taipei Pacific

Economic Cooperation Committee; Mr.

Shih-Hsiung Chen, Specialist, Fisheries

Agency, Council of Agriculture, Executive

Yuan

Greetings given by Mr. Georgios Patsias Silva,

Director of Commercial Office of Peru in

Taipei at the 12th Taiwan-Peru Joint Business

Councils Meeting

The 39th

Joint Conference of

ROC-Korea and Korea-Taiwan

Business Councils

The 39th Joint Conference of

ROC-Korea and Korea-Taiwan

Business Councils was held on

November 19, 2014 at Banquet C, 33F,

Taipei World Trade Center Club in

Taipei, Taiwan. The Korean

delegation was led by Mr. Kwang-Joo

Choi, Chairman of Korea-Taiwan

Business Council, the Federation of

Korean Industries (FKI). The Taiwan

delegation was headed by Mr. Francis

K.H. Liang, Chairman TAITRA to act

as Chairman of ROC-Korea Business

Council, CIECA. Over 100

14/47

participants from both sides attended

the joint conference. Mr. David Hsu,

Deputy Director General of Bureau of

Foreign Trade, MOEA; Mr. Ting

Joseph Shih, Representative of Taipei

Mission in Korea, and Mr. Baek-sang

Cho, Representative of Korean Mission

in Taipei, made special remarks at the

opening ceremony.

The plenary sessions provided the

delegates a forum to discuss possible

areas for cooperation. The speakers

and their topics were:

1. “The Tiger that Dances with the

Dragon: The Development of

Cross-Strait Economic Cooperation

and its Implications for Korea”: Dr.

Roy LEE. Executive Deputy

Director, Taiwan WTO and RTA

Center. Chung-Hua Institution for

Economic Research;

2. “Plans for Economic Cooperation

between North and South Korea

through Analysis of Cross-Strait

Relations”: Mr. Jung-ki Min,

Deputy Director of Ministry of

Trade, Industry & Energy, MOTIE;

3. “Enhancement of Korea-Taiwan

Trade and Investment Ties”: Dr.

Tae-shin Kwon, President of Korea

Economic Research Institute;

4. “Saemangeum Development &

Investment”: Ms. Mi-hee Kim,

Deputy Director of Korea Agency

for Saemangeum Development &

Investment;

5. “Taiwan Free Economic Pilot Zone

(FEPZ) Promotion &

Development”: Mr. Rung-Tsung

Chen, Senior Director, Taipei Port

Branch Office, Port of Keelung,

Taiwan International Ports Co.;

6. “Prospects of infrastructure

construction market in Taiwan”: Dr.

Lee-ping Shi, Vice President,

Taiwan Construction Research

Institute;

7. “The 3rd Market Opportunities”:

Ms. Greta Lai, COO, SNSplus, Inc.;

and Mr. The-cheng Tsou, Branch

Chief, GS Global Corporation.

Mr. Byeong-kuk Jeon, Deputy Director

of Korea Agency for Saemangeum

Development & Investment and Mr.

Chan-ho Park, Secretary General, FKI

also make comments at the meeting.

Mr. Kwang-joo Choi presents appreciation

15/47

plaque to Dr. Chih-kang Wang, the former

Chairman of ROC-Korea Business Council at

Welcome Dinner on November 18.

Opening Ceremony: Rep. Baek-sang Cho, Mr.

Kwang-Joo Choi, Mr. Francis K.H. Liang, Mr.

David Hsu and Mr. Ting Joseph Shih (from

left)

Mr. David Hsu, Deputy Director General of

Bureau of Foreign Trade, MOEA made special

remarks at the opening ceremony.

Co-Chairman Mr. Francis K.H. Liang and Mr.

Kwang-joo Choi exchange gifts.

The 24th

Joint Economic Cooperation

Meeting between CIECA & FTI

The 24th Joint Economic

Cooperation Meeting between CIECA

& FTI was held on December 1, 2014

at Dusit Thani Bangkok Hotel in

Thailand. The meeting was co-chaired

by Dr. Yen-Shiang Shih, Chairman of

Thailand Committee of CIECA and Mr.

Krienkrai Thiennukul, Chairman of

Thai-Taiwan Economic Cooperation

Committee of FTI. A total of 67

participants from Taiwan and Thailand

attended the meeting.

The 2 topics discussed at the

meeting were “ICT” and “Green

Energy”. Among the speakers were

Dr. Chi-Chia Hsieh, Director of

Chinese National Federation of

Industries & Chairman of

Microelectronics Technology Inc.; Mr.

Pakpoom Sukanjanasiri, Secretary

General of Institute of Information

and Communication Technology for

Industries (ICTI); Mr. Thanit

Thanakulmas, Senior Vice President of

SNSplus Inc.; Dr. Fu-Ming Lin,

Division Director of Green Energy and

Environment Research Lab of

Industrial Technology Research

Institute (ITRI); and Mr. Phichai

Tinsuntisook, Chairman of Renewable

Energy Industry Club of the Federation

16/47

of Thai Industries (FTI).

During the visit to Thailand, the

CIECA delegation also paid a visit to

National Economic and Social

Development Board (NESDB) and

Industrial Estate Authority of Thailand

(IEAT) on December 1 and 2.

Photo gallery

The 24th Joint Economic Cooperation

Meeting between CIECA & FTI was

held on December 1, 2014 at Dusit

Thani Bangkok Hotel in Thailand. The

meeting was co-chaired by Dr.

Yen-Shiang Shih, Chairman of

Thailand Committee of CIECA and Mr.

Krienkrai Thiennukul, Chairman of

Thai-Taiwan Economic Cooperation

Committee of FTI. A total of 67

participants from Taiwan and Thailand

attended the meeting.

The 2 topics discussed at the

meeting were “ICT” and “Green

Energy”.

Chairman Yen-Shiang Shih of the Thailand

Committee of CIECA delivers his remarks at

the 24th

Joint Economic Cooperation Meeting

between CIECA & FTI

Representative Henry M. J. Chen of Taipei

Economic and Cultural Office in Thailand

delivers his remarks at the 24th

Joint

Economic Cooperation Meeting between

CIECA & FTI

Vice Minister Pramode Vidtayasuk of

Ministry of Industry delivers his remarks at

the 24th

Joint Economic Cooperation Meeting

between CIECA & FTI

Group photo at the 24th

Joint Economic

Cooperation Meeting-(starting from left)

17/47

Group photo at Chairman Stanley Kang of

Joint Foreign Chambers of Commerce in

Thailand, President Kuan-Chan Chang of

Thai-Taiwan Business Association, Vice

Minister Pramode Vidtayasuk of Ministry of

Industry, Chairman Yen-Shiang Shih of the

Thailand Committee of CIECA,

Representative Henry M. J. Chen of Taipei

Economic and Cultural Office in Thailand,

Chairman Kriengkrai Thiennukul of

Thai-Taiwan Economic Cooperation

Committee of FTI, Senior Advisor Berton

Chiu of Taipei Economic and Cultural Office

in Thailand

Group photo of Chairman Kriengkrai

Thiennukul of Thai-Taiwan Economic

Cooperation Committee with

speakers-(starting from left) Senior Vice

President Thanit Thanakulmas of SNSplus

Inc., Director Fu-Ming Lin of Green Energy

& Environment Research Lab of ITRI,

Director Chi-Chia Hsieh of Chinese National

Federation of Industries, Chairman Kriengkrai

Thiennukul of Thai-Taiwan Economic

Cooperation Committee of FTI, Chairman

Phichai Tinsuntisook of Renewable Energy

Industry Club of FTI, Secretary General

Pakpoom Sukanjanasiri of Institute of

Information and Communication Technology

for Industries

Courtesy call on National Economic and

Social Development Board-(starting from left)

Chief Delegate Yen-Shiang Shih of CIECA

delegation, Deputy Chief Delegate Chi-Chia

Hsieh, and Senior Advisor Berton Chiu of

Taipei Economic and Cultural Office in

Thailand

Group Photo at the dinner hosted by Board of

Investment of Thailand-(starting from third of

left) Senior Advisor Berton Chiu of Taipei

Economic and Cultural Office in Thailand,

Chairman Supant Mongkolsuthree of the

Federation of Thai Industries, Deputy

Secretary General Duangjai Asawachintachit

of Board of Investment of Thailand, Deputy

Chief Delegate Chi-Chia Hsieh of CIECA

delegation, and Chairman Kriengkrai

Thiennukul of Thai-Taiwan Economic

Cooperation Committee

18/47

Group photo at Industrial Estate Authority of

Thailand

The 10th

Taiwan-Chile Joint Business

Council Meeting

The 10th Taiwan-Chile Joint

Business Council Meeting was held on

November 17, 2014 in Santiago, Chile.

The meeting was co-chaired by Mr. C.

Y. Wang, Chairman of CIECA, and Mr.

Carlos Hurtado, First Vice President of

Federation of Chilean Industry

(SOFOFA). A total of 40 participants

from Taiwan and Chile attended the

meeting.

Amb. Ming-Wen Wang,

Representative of Taipei Economic and

Cultural Office in Chile was invited to

deliver remark as guest of Honor.

During the meeting, the following

speakers were invited to make

presentations:

1. “Economy expectation between

Taiwan and Chile” by Mr. Pedro

Reus, International Manager of

Federation of Chilean Industry

(SOFOFA)

2. “Chile：A good business partner”

by Mr. Patricio Feinberg, Adviser

of ProChile

3. “Perspective of Non-Conventional

Renewable Energy” by Mr. Carlos

Finat, Director of Chilean

Renewable Energy Association

(ACERA)

4. “Outlook of Taiwan Green Energy

Industry” by Ms. Karen Ma,

Manager of Industrial Economics

and Knowledge Center, Industrial

Technology Research Institute.

5. “Introduction on Taiwan Industry

Development and National

Association of Small and Medium

Enterprises, Republic of China

(NASME) ” by Mr. Mike Hung,

Chairman of Dominican Republic

& Haiti Committee, CIECA and

President of Committee of

International Business Affairs,

National Association of Small &

Medium Enterprises, ROC.

6. “Your Trade Financing Partner

from Taiwan” by Mr. Joseph

Huang, Manager of The

Export-Import Bank of the

Republic of China.

The FTA between Taiwan and

Chile was planned to be singed this

year. Both parties put a lot attention on

19/47

the FTA topic. Chairman Wang hoped

that the FTA could be singed as soon as

possible. The signing of the FTA can

further strenthen the bilateral business

between two countreis.

For the past few year, electricity

demand in Chile has been getting

higher and electricity price increased

dramatically. This year CIECA brought

photovoltaics producers to explore the

green energy market. During the visit,

the delegation also visited the Chilean

Solar Energy Association (ACESOL),

Electronic Industries Association in

Chile (AIE) and National Chamber of

Commerce (CNC).

Opening ceremony of the 10th

Taiwan-Chile

Joint Business Councils Meeting- From left:

Mr. C.Y. Wang, Chairman of CIECA; Mr.

Carlos Hurtado, the first vicepresident of

Federeation of Chilean Industry, SOFOFA;

Amb. Ming-Wen Wang, Representative of

Taipei Economic and Cultural Center in Chile

The 3rd

Taiwan-Dominican Republic

Joint Business Council Meeting

The 3rd Taiwan-Dominican

Republic Joint Business Council

Meeting was held on November 20,

2014 in Santo Domingo, Dominican

Republic. The meeting was

co-chaired by Mr. C. Y. Wang,

Chairman of CIECA, Mr. Pedro Pérez

González, President of Chamber of

Commerce and Production of Santo

Domingo (CCPSD) and Mr. Antonio

Ramos Fernández, Member of the

Council of National Council of Private

Enterprise (CONEP). A total of 93

participants from Taiwan and

Dominican Republic attended the

meeting.

Mr. Ping-Fu Hou, Ambassador of

Embassy of the Republic of China in

Santo Domingo, Dominican Republic

and Mr. José Del Castillo, Minister of

Industry and Commerce of Dominican

Republic were invited to deliver

remarks as guests of Honor.

During the meeting, the

following speakers were invited to

make presentations:

1. “Investment Environment and

Opportunities in Dominican

Republic”by Ms. Maite

Hernández, New Business

Manager of Dominican Republic

Export and Investment Center

2. “Introduction on Taiwan Industry

Development and National

20/47

Association of Small and Medium

Enterprises, Republic of China

(NASME) ” by Mr. Mike Hung,

Chairman of Dominican Republic

& Haiti Committee, CIECA and

President of Committee of

International Business Affairs,

National Association of Small &

Medium Enterprises, ROC.

3. “Your Trade Financing Partner

from Taiwan” by Mr. Joseph

Huang, Manager of The

Export-Import Bank of the

Republic of China.

During the stay in the Dominican

Republic, ROC delegation visited

Industria del Papel SIDO S.A. and

Parque Cibernético Santo Domingo

(PCSD). In addition, the delegation

called on Mr. José Ramón Peralta,

Minister Administrative of the

Presidency.

When meeting with Minister

Administrative of the Presidency,

Minister José Ramón Peralta said the

investment climate in Dominican

Republic is favorable for business. At

the moment, Dominican Republic is

facing the shortage of electricity. The

country needs energy saving solution

and development on thermal power

station. The ROC enterprises and

foreign entrepreneurs are welcome to

invest in Dominican Republic.

From left to right: Mr. Mike Hung, Chairman

of Dominican Republic Committee, CIECA;

Mr. Antonio Ramos Fernández, Member of

the Council of National Council of Private

Enterprise (CONEP); Amb. Ping-Fu Hou,

Embassy of the Republic of China in

Dominican Republic; Mr. José Del Castillo,

Minister of Industry and Commerce of

Dominican Republic; Mr. C.Y. Wang,

Chairman of CIECA; Mr. Pedro Pérez

González, President of Chamber of Commerce

and Production of Santo Domingo (CCPSD);

Ms. Maite Hernández, Manager of Dominican

Republic Export and Investment Center

(CEI-RD); Mr. Fu-Sheng Huang, Manager of

The Export-Import Bank of the ROC.

The 1st Taiwan-Haiti Joint Business

Council Meeting

The 1st Taiwan-Haiti Joint Business

Council Meeting was held on

November 24, 2014 in Petionville,

Haiti. The meeting was co-chaired by

Mr. C. Y. Wang, Chairman of CIECA,

Mr. Didier Fils-Aimé, President of

Chamber of Commerce and Industry of

Haiti (CCIH). A total of 84 participants

from Taiwan and Haiti attended the

meeting.

21/47

Ambassador Tsai-Chiu Hwang,

Embassy of the Republic of China in

Haiti and Mr. Wilson Laleau, Minister

of Commerce and Industry of Republic

of Haiti were invited to deliver remarks

as guests of Honor.

This year, the topics focused

on “Investment Envioronment and

Opportunities in Haiti”, “Taiwan

Industry Development” and “Your

Trade Partner from Taiwan”. The

following speakers were invited to

deliver presentations:

1. “Qu’est-ce qu’un micro parc

industriel?” by Mr. Ghisler

DUGAS, General Director of the

Ministry of Commerce and

Industry of the Republic of Haiti

2. “Investment Environment and

Opportunities in Haiti” by Ms.

Norma Powell, Director General of

Center of Facilitation of

Investment of the Republic of Haiti

3. “Investment Opportunities of

Tourism in Haiti” by Mr. Ulrick

Emmanuel NOEL, Investment

director of Ministry of T ourism

4. “Introduction on Taiwan Industry

Development and National

Association of Small and Medium

Enterprises, Republic of China

(NASME)” by Mr. Mike Hung,

Chairman of Dominican Republic

& Haiti Committee, CIECA and

President of Committee of

International Business Affairs,

National Association of Small &

Medium Enterprises, ROC.

5. “OIDC in Haiti” by Mr. David

Chang, Assistant Vice President

Engineering Dept. of Overseas

Investment & Development Corp.

6. “Your Trade Financing Partner

from Taiwan” by Mr. Joseph

Huang, Manager of the

Export-Import Bank of the

Republic of China.

At the closing session, the sector

co-chairs presented their conclusions

and made some recommendations for

future follow-up and collaboration.

In addition to hold the JBC meeting,

CIECA delegation also visited

SONAPI Industrial Park, Fairway

Apparel S.A., Rice Development

Project in Artibonite Valley,

UNIBANK and GB Group.

For banking cooperation with Haiti,

the Export-Import Bank of ROC is

engaging UNIBANK, the leading

financing group in Haiti, for possible

alliance.

During the stay, Mr. C. Y. Wang

22/47

and his delegation had an audience with

H.E Michel MARTELLY, President of

the Republic of Haiti. They exchanged

views on ways to strengthen bilateral

economic cooperation between the two

countries, including the possible

investment of 台 商 喜 多 造 紙 廠

（Industria Del Papel Sido, Srl.）

The 1st Joint Business Conference of CIECA

& CCIH- Chairman C. Y. Wang of CIECA

presents a token of appreciation to H.E.

Wilson LALEAU, Minister of the Ministry of

Commerce & Industry of the Republic of

Haiti.

H. E. Michel Joseph MARTELLY(right),

Président of the Republic of Haiti and Mr. C.

Y. Wang, Chairman of CIECA。

The 12th

Taiwan-Poland Joint

Business Council Meeting

The 12th Taiwan-Poland Joint

Business Council Meeting was held on

December 2, 2014 in Taipei. The

meeting was co-chaired by Mr. Fred

Huang, Vice Chairman of CIECA, and

Dr. Andrzej Arendarski, Chairman of

Polish Chamber of Commerce (PCC).

A total of 60 participants from Taiwan

and Poland attended the meeting.

Ms. Shu-Mei Yang, Deputy

Director General of Bureau of Foreign

Trade; Mr. Andrzej Dycha,

Undersecretary of State, Ministry of

Economy; Mr. Marek Wejtko, Chief

Representative of Warsaw Trade Office;

were invited to deliver greeting

remarks.

During the meeting, the following

speakers were invited to make

presentations:

- “Taiwan Investment Environment”

by Mr. Ming-Hsiang Chen, Vice

Economic Counselor, Department of

Investment Services, Ministry of

Economic Affairs

- “Innovative Economy Policies in

Poland” by Dr. Andrzej Arendarski,

Chairman, Polish Chamber of

Commerce 1

- “Meat Industry and Consumer

Expectation in Taiwan” by Dr.

23/47

Ming-Ju Chen, Chairman &

Professor, Department of Animal

Science and Technology, National

Taiwan University

- “Food and Agriculture Sector in

Poland” by Mrs. Bozena

Wroblewska, President, Polish

Chamber of Commerce Promotion

Centre, and Mr. Piotr Ziemann, Vice

President, Association of Butchers

and Producers of Processed Meat of

the Republic of Poland

A Joint Agreement was co-signed by

Mr. Fred Huang and Dr. Andrzej

Arendarski. It was agreed that The

12th Taiwan-Poland Joint Business

Council Meeting will be held in 2015

in Warsaw, Poland.

The 7th

Austria-Taiwan Economic

Cooperation Conference

“The 7th

Austria-Taiwan

Economic Cooperation Conference”

was held on November 24, 2014 in

Vienna, Austria. The conference was

co-chaired by Mr. John T. Yu,

Chairman, Austria Committee of

CIECA, and Mr. Karl Hartleb, Deputy

Director General of Austrian Federal

Economic Chamber. A total of 25

participants from Taiwan and Austria

attended the meeting. Mr. Yu-Shun

Chen, Director of the Taipei Economic

and Cultural Office in Austria came to

give welcome remarks.

The meeting focused on

“Environmental Technology”, “Biotech

& Pharmaceuticals” and “Creative

Industries” sectors. Several speakers

were invited to make presentations as

follows:

- “Energy Saving Solution & Green

Energy Business Opportunities” by Mr.

Vincent Lin, Operations Head EMEA,

Delta Electronics, Inc.

- “Introduction of Taiwan

Pharmaceutical Industry” by Mr.

Robert Hsu, General Manager, Center

Laboratories, Inc.

- “Sustainability & Green Tech in

Austria” by Mr. Axel Steinsberg,

Expert Department Environmental and

Energy Policy, Austrian Federal

Economic Chamber

- “Austria as a Creative Hub in Europe”

by Ms. Reanne Leuning, Expert

Creative Industries, Austrian Federal

Economic Chamber

- “Life Sciences in Austria” by Mr.

Johannes Lenzhofer, Head-Export of

Services, Austrian Federal Economic

Chamber

A Joint Agreement was signed by

Mr. John T. Yu, Chairman, Austria

Committee of CIECA, and Mr. Karl

24/47

Hartleb, Deputy Director General of

Austrian Federal Economic Chamber. It

was agreed that “The 8th

Taiwan-Austria Economic Cooperation

Conference” will be held in 2015 in

Taipei.

Taiwan delegation also visited

Umbrella Organization Energy-Climate

Protection and Aspern Vienna’s Urban

Lakeside during their stay in Austria.

Through the conference, Mr.

Chi-Yuan Chin, Chairman of Silicon

Touch Technology Inc. obtained the

assistance from Austrian Federal

Economic Chamber in finding an

Austrian partner of creative industry to

cooperate in developing his LED

related products.

Signing of Joint Statement by both Chairmen

(Left：Mr. Karl Hartleb, Deputy Director

General of Austrian Federal Economic

Chamber / Right：Mr. John T. Yu, Chairman,

Austria Committee of CIECA)

Slovenia-Taiwan Business Forum

“ Slovenia-Taiwan Business

Forum” was held on November 26,

2014 in Ljublijana, Slovenia. The

Forum was co-chaired by Mr. Fred P. C.

Huang, Chairman, Slovenian

Committee of CIECA, and Mr. Ales

Cntarutti, Director of International

Relations Department of Chamber of

Commerce and Industry of Slovenia

(CCIS). A total of 30 participants

from Taiwan and Slovenia attended the

meeting.

During the Forum, 4 speakers were

invited to make presentations as

follows:

- “Taiwan Innovation” by Mr. James

Kuo, Director, Taiwan Trade Center,

Budapest

- “Slovenia-Taiwan Collaboration

Thoughts in ICT Business” by Mr.

Chi-Yuan Chin, Chairman, New Taipei

City Computer Association / Silicon

Touch Technology Inc.

- “Slovenian Business and Investment

Climate” by Mr. Zoran Stamatovski,

Undersecretary, SPIRIT

Slovenia-Slovenian Public Agency for

Entrepreneurship, Innovation,

Development, Investment and Tourism

- “Slovenian Environmental

Technologies, Facts and Trends” by Ms.

Antonija Bozic Cerar, Senior Adviser,

CCIS-Environmental Protection

Department

A renewed Memorandum of

Understanding was signed by Mr. Fred

25/47

P. C. Huang, Vice Chairman of CIECA,

and Mr. Samo Hribar Milic, President

and General Manager of CCIS on

November 26. The aim of the MOU

signing is not only to promote

cooperation exchange between CIECA

and CCIS, but also to enhance bilateral

economic relation between Taiwan and

Slovenia.

Taiwan delegation also visited

Insol Ltd. and Gorenje Group during

their stay in Slovenia. Gorenje Group is

interested in the “instant hot”

technology of EcoProSource Material

Co., Ltd and the technology of

“pressure power generation” from

JunFu Clean Energy Co., Ltd and look

forward to having a further cooperation

with these companies.

Slovenia-Taiwan Business Forum was held on

November 26, 2014 in Ljubljana, Slovenia.

Mr. Fred P.C Huang, Chairman, Slovenian

Committee of CIECA(4th

from right), Mr.

Zoran Stamatovski, Undersecretary, SPIRIT

Slovenia-Slovenian Public Agency for

Entrepreneurship, Innovation, Development,

Investment and Tourism (2nd

from left) and

Ms. Antonija Bozic Cerar, Senior Adviser,

CCIS-Environmental Protection Department

Networking with Slovenian companies at

Slovenia-Taiwan Business Forum.

------------------------------------------------

Guests From Abroad

Mr. Arnaldo Castillo, Delegate

Presidential of Investment in Asia,

the Republic of Honduras and Mr.

Yankel Rosenthal, Minister of

Ministry of Investment Promotion

visited Taiwan

At the invitation of Ministry of

Economic Affairs, Mr. Arnaldo Castillo,

Delegate Presidential of Investment in

Asia, the Republic of Honduras and

Mr. Yankel Rosenthal, Minister of

Ministry of Investment Promotion

visited Taiwan from November 25 to 27,

2014. The aim of the visit is to enhance

the cooperative relations between

Taiwan and Honduras.

They called on Speed Tech Energy

Corp., Mayfull Corp., Taiwan

Excellence Hall, Kingcar Corp., The

26/47

Export-Import Bank, Taiwan Tobacco

& Liquor Corp., TAITRA., and

Overseas Engineering & Construction

Corp. during the stay in Taiwan. The

purpose of the visit is to gain a better

understanding of economic status in

Taiwan to further promote bilateral

economic cooperation.

On November 27, Dr. Han-Sun

Chien, Vice Chairman of CIECA,

hosted a luncheon in honor of the

distinguished guests at the Sunlit

Teppanyaki Restaurant. Both sides

exchanged information and views on

the bilateral trade and investment, and

agreed to work jointly to promote

mutually beneficial economic

partnership between two countries.

(From left to right) Group photo by Mr.

Hwa-Yu Mo, Executive Vice President, The

Export-Import Bank of the Republic of China

(Eximbank); Mr. Chao-Yih Chen, Chairman,

Taiwan Sugar Corporation ; Mr. Yankel

Rosenthal, Minister of Ministry of Investment

Promotion, the Republic of Honduras; Dr.

Han-Sun Chien, Vice Chairman of CIECA;

Mr. Arnaldo Castillo, Delegate Presidential of

Investment in Asia, the Republic of Honduras;

Mr. Misael Vallecillo González, Charge d'

Affaires a.i., Embassy of the Republic of

Honduras; Mr. Chin-Teh Chang, Chairman,

Taiwan Turnkey Project Association

Mr. Illimar Paul, Development

Manager, Estonian Logistics Cluster,

visited Taiwan

Ｍ r. Illimar Paul, Development

Manager, Estonian Logistics Cluster,

visited Taiwan on November 19-22,

2014. The goal of the visit is to

explore coordinated business

cooperation opportunities, and to make

preparations for the 4th

Taiwan-Estonia

Business Forum scheduled in Taipei in

April, 2015.

On November 20, Mr. Paul called

on CIECA to exchange views on the

4th Taiwan-Estonia Business Forum.

Mr. Leon Lee, Secretary General of

CIECA, and Mr. Paul Chou, Secretary

General of Taiwan Telematics Industry

Association, co-hosed a welcome

luncheon. During the luncheon, JET

Optoelectronics, TaTung, iSafe Inc.,

and Funtoro Inc. were invited to

explore the potential cooperative

opportunities on Smart Grid, Logistic

Transportation, Vehicle Integration

System and etc.

27/47

Ｍr. Illimar Paul, Development Manager of

Estonian Logistics Cluster, called on Mr. Leon

Lee, Secretary General of CIECA

Spanish Parliament Delegation calls

at CIECA

Spanish Parliament Delegation

visited Taiwan during December 1-5,

on purpose of gaining a better

understanding the economic

performance and industrial

development of Taiwan.

The delegates made a courtesy call on

Mr. Han Sun Chien, Vice Chairman of

CIECA on December 3, 2014 to

exchange views on ways to strengthen

bilateral trade and investment as well as

how to foster industrial collaboration

between Taiwan and Spain via the

platform of “The Joint Conference of

the Spain-Taiwan Economic and

Business Cooperation Committee”

organized alternately in Taiwan and

Spain. In the evening, Mr. Chien hosted

a welcome dinner with distinguished

guests, such as Mr. Shih-Chao Cho,

Deputy Minister of the Ministry of

Economic Affairs; Amb.Francisco H.L.

Ou, Chairman, Overseas Investment &

Development Corp.; Amb. Chih-Min

Lan, Ministry of Foreign Affairs; and

Mr. Andrés Rodes, Secretary General,

Spanish Chamber of Commerce.

Vice Chairman Mr. Han-Sun Chien (left 4),

Mr. João Rebelo (left 3), Mr. Daniel

SERRANO CORONADO (left 2), Ms. Marta

GONZÁ LEZ VÁ ZQUEZ (right 4)、Mr. Jesús

CAICEDO BERNABÉ (right 3), Ms.

Concepción GONZÁ LEZ GUTIÉRREZ (right

2)

Top Swiss Officer called on CIECA

Mr. Jost Feer, Representative of

Trade Office of Swiss Industries

(TOSSI) and Top Swiss Officer called

on CIECA on December 9, 2014.

TOSSI called on CIECA to exchange

views on how to promote trade and

investment cooperation, the major

industrial development in Taiwan and

Switzerland, and the

Taiwan-Switzerland JBC meeting. The

participants of meeting including:

1. Mr. Jost Feer, Representative,

28/47

TOSSI

2. Mr. Ernst Balmer, President, Swiss

Taiwan Trading Group (STTG)

3. Mr. Kurt Meier, Former

Vice-President of STTG

4. Ms. Jennifer Liu, Director of

CIECA,

Mr. Feer anticipated that TOSSI will

continue to cooperate with CIECA. Ms.

Jennifer Liu, Director of CIECA, also

suggested business communities in

Switzerland to sign MOU and to hold

JBC meeting with CIECA in the near

future, to further strengthen the

economic cooperation between Taiwan

and Switzerland.

Mr. Jost Feer(right 2), Mr. Ernst Balmer (left

1), Mr. Kurt Meier(right 1) and Ms. Jennifer

Liu, Director of CIECA(left 2)

------------------------------------------------

Economic News

Summary of Exports and Imports for

November 2014

Highlights

For the month of Nov. 2014, total

exports expanded 3.7% year on year to

US$ 26.68 billion. However, total

imports rose by 5.1% from a year

earlier to US$ 22.46 billion. The trade

balance of this month was favorable,

amounting to US$4.22 billion.

1. Exports

In Nov. 2014, comparing with the same

month of last year, exports of electronic

products, basic metals and articles

thereof, machineries grew by 10.2%,

9.5% and 7.3% respectively, however

exports of plastics & rubber and articles

thereof, chemicals declined 4.6% and

1.7% separately.

2. Imports

In Nov. 2014, comparing with the same

month of last year, imports of

electronic products, basic metals and

articles thereof grew by 22.5% and

16.4% respectively, however imports of

mineral products, chemicals and

machineries declined 14.0%, 2.3% and

5.2% separately. (Department of

Statistics 2014/12/08)

Economic Index

%Change on

previous year

2012 2013 2014

Aug Sep Oct

GDP 1.48 2.11 3.62 3.78 3.41

CPI 1.93 0.79 2.07 0.72 1.07

Unemployme

nt rate 4.24 4.18 4.08 3.96 3.95

29/47

Export -2.3 1.4 9.6 4.7 0.7

Imports -3.9 -0.2 14.1 0.2 -1.4

Export orders 1.12 0.44 5.2 12.7 13.4

Industrial

production -0.25 0.65 7.03 10.3 9.0

Monetary

aggregate(M2) 3.5 5.8 5.7 5.0 --

Stock Market 7,700 8,612 9436 8967 8975

* November figures (Sources: Ministry of Finance &

National Development Council)

Taiwan Halal products certified by

UAE

To help promote Taiwan’s products

in the Halal market, the Taiwan Halal

Integrity Development Association

(THIDA) has recently made a

significant breakthrough by helping

companies obtain a key Halal

certification provided by the UAE.

Through THIDA’s efforts, there are

now 310 companies who have obtained

the UAE Halal certification. The UAE

is a leading economy in the Middle

East, so the certification is an important

step forward for the makers of Halal

products in Taiwan to further develop

their presence in the region, including

Saudi Arabia, Kuwait, and the

neighboring Gulf markets.

The potential of the Halal market

is enormous. According to a 2012

report by the Pew Research Center, the

Muslim market is consisted of over 1.6

billion consumers, which is nearly a

quarter of the world’s population.

(Source: November 14, 2014 Bureau of

Foreign Trade NEWS)

OPEC won’t stop US oil production

growth

U.S. oil production could increase next year

to levels not seen since the 1970s, despite

OPEC's efforts to muscle out American shale

producers.

While U.S. oil production is predicted to rise

by another million barrels a day during 2015

from the current 9 million barrels a day,

forecasts are coming down on expectations

that OPEC's unwillingness to cut production

will keep a lid on prices well into next year.

Lower prices limit new drilling and hit

high-cost wells first.

Saudi Arabia may continue to stay away

from cuts even if prices continue to move

lower: OPEC's biggest producer now expects

Brent crude to stabilize at around $60 a barrel,

which is a level the Saudis could withstand,

according to a Dow Jones report.

But analysts say the U.S. industry, which has

turned around its fortunes with new

technologies in less than a decade, is expected

to drill the most-efficient wells, and

production will continue to grow—even with

lower prices. There is also a gusher of new

offshore oil production The Fed in its last

Beige Book made note of the fact that drilling

30/47

activity in shale production districts remained

steady even with a sharp drop in crude prices.

North Dakota showed an increase in

November, and the Fed said officials there

expect production to continue increasing over

the next two years.

Citigroup analysts also expect

production to rise, and in 2015, it should be in

line with the 1 million barrels a day of

production growth this year. (Source:

December 3, 2014 CNBC)

Taiwan ranks as U.S.’s 10th

– largest

trading partner

Taiwan ranked as the 10th-largest

trading partner of the United States for

the first 10 months of this year,

according to statistics released Tuesday

by the U.S. Department of Commerce

(DOC).

According to the Bureau of the

Census of the DOC, two-way trade

between Taiwan and the U.S. totaled

US$56.4 billion, up 7.1 percent from a

year earlier.

In the 10-month period, Taiwan's

imports from the U.S. rose 6.6 percent

from a year earlier to US$22.27 billion,

while Taiwan's exports to the U.S. grew

7.4 percent from a year ago to

US$34.15 billion, the statistics show.

In the 10-month period, Taiwan

enjoyed a trade surplus of US$11.88

billion with the U.S., up 8.9 percent

from a year earlier, the data indicates.

The Taipei Economic and Cultural

Representative Office in Washington

said that Taiwan's ranking on the U.S.

trading partner list rose one notch in the

10-month period from the 11th position

seen in the first nine months.

The office said the statistics show

that Taiwan has forged closer business

ties with the U.S. and that Taipei and

Washington have built the best-ever

trade relations.

In addition to the closer ties with

the U.S., the office said, Taiwan also

plays an important role that the world

cannot ignore in business exchanges

across the Taiwan Strait and even in the

Asia-Pacific region.

Therefore, the office said that

Taiwan's participation in the proposed

Trans-Pacific Partnership (TPP) trade

bloc will make the agreement more

complete.

Taiwan has repeatedly expressed its

wish to join the proposed U.S.-led TPP,

which is currently being negotiated by

the U.S. and 11 other countries -- Japan,

Australia, Peru, Malaysia, Vietnam,

New Zealand, Chile, Singapore,

31/47

Canada, Mexico and Brunei.

In the same 10-month period,

bilateral trade between the United

States and China totaled US$483.6

billion, making Beijing the second-

largest trading partner of Washington,

according to the trade data.

In the period, exports from the U.S.

to China hit US$99.60 billion, about

4.47 times Taiwan's sales to the U.S.

(Source: December 10, 2014 CNA)

John Kerry urges Taiwan to step up

efforts on market reforms

U.S. Secretary of State John Kerry

recently reiterated that Washington

welcomes Taipei's interests in joining

the proposed Trans-Pacific Partnership

(TPP), but noted that Taiwan needs to

step up efforts on reforming its

economy, according to the American

Institute in Taiwan (AIT).

Kerry made the remarks Nov. 8 on

the sidelines of the Asia-Pacific

Economic Cooperation (APEC)

meetings in Beijing, while meeting

with Taiwan's former Vice President

Vincent Siew, who was appointed as

the special envoy of President Ma

Ying-jeou to attend the APEC summit

from Nov. 10-11, the AIT said in a

statement received Saturday.

During the meeting, Kerry and

Siew discussed Taiwan's aspirations to

improve its economic integration with

partners in the Asia Pacific region, the

statement said.

Taiwan is America's 12th largest

trading partner and Kerry welcomed

Taiwan's interest in joining the TPP, a

proposed trade bloc led by the U.S.

But he also noted that "Taiwan will

need to make progress on market and

investment reforms and demonstrate its

commitment to high-standard trade

liberalization," according to the AIT

statement.

The TPP is being negotiated

between the U.S. and 11 other countries:

Australia, Brunei, Canada, Chile, Japan,

Malaysia, Mexico, New Zealand, Peru,

Singapore and Vietnam.

Meanwhile, both Siew and Kerry

welcomed the strong bilateral economic

and people-to-people ties between

Taiwan and the U.S.

Kerry noted "the importance of the

Taiwan Relations Act (TRA) in

strengthening those ties over the last 35

years and reaffirmed the United States'

commitment to upholding its

obligations under the TRA," the

statement said.

The TRA, enacted by the Congress

32/47

in 1979 when the U.S. severed official

ties with the Republic of China and

established diplomatic relations with

the People's Republic of China, obliges

the U.S. to help defend Taiwan.

During the meeting, Kerry also

expressed the U.S.'s gratitude for

Taiwan's contributions to the ongoing

efforts to combat the outbreak of the

Ebola virus in West Africa, to defeat the

militant group Islamic State of Iraq and

the Levant (ISIL), as well as its

contributions to assisting refugees who

have been displaced by that conflict in

the Middle East, the statement said.

Siew arrived in Beijing on Nov. 8,

when he met with Kerry, who was in

Beijing to attend the APEC Ministerial

Meeting last week.

During the Siew-Kerry meeting,

both Taiwan and the U.S. also agreed to

continue pushing for bilateral

cooperation in various areas, Taiwan's

Ministry of Foreign Affairs said Friday.

This was the third year in a row in

which a similar Taiwan-U.S. meeting

has been held on the sidelines of the

APEC summit, which the ministry

described as an example of the close

ties between Taipei and Washington.

It said Taiwan will continue to

advance its relations with the U.S. in

the areas of politics, economy and

security, and will continue to make

efforts to maintain peace and stability

across the Taiwan Strait. (Source:

November 15, 2014 CNA)

ITRI, Media Tek named among Top

100 Global Innovators

Taiwan's state-funded Industrial

Technology Research Institute (ITRI)

and mobile chip designer MediaTek Inc.

were named Thursday among the Top

100 Global Innovators by major mass

media and information firm Thomson

Reuters.

Asia is home to the lion's share of the

top 100 innovators for the first time this

year, with 46 companies on the list

hailing from the region. Of these, 39

are based in Japan, four are in South

Korea, two are from Taiwan and one is

from China.

North America follows with 36,

down from 46 last year, of which 35 are

domiciled in the United States and one

in Canada. Europe contributed 18

honorees, with the largest

representation coming from France

with seven, Switzerland with five, and

Germany with four.

Now entering its fourth year, the

program honors the 100 most

innovative organizations globally as

33/47

measured according to a series of

patent-related metrics: overall patent

volume, patent grant success rate,

global reach of the portfolio and patent

influence as evidenced by citations.

The intense competition in the

smartphone arena is clearly apparent in

this year's Top 100 Global Innovators

list, with many of the major players in

the smartphone patent wars making the

cut -- Apple Inc., Microsoft Corp.,

Samsung Electronics Co., Google Inc.

and BlackBerry Ltd.

"By focusing exclusively on

quantitative analysis of global business'

intellectual property portfolios, we are

able to identify not only what

companies are inventing the most, but

also how aggressively they are

protecting those inventions," said Basil

Moftah, president of Thomson Reuters

IP and Science.

"This list of 100 companies

represents the absolute vanguard of

innovation -- the organizations that are

driving new breakthroughs, creating

new jobs and igniting the global

economy; we are honored to recognize

their efforts," Moftah said in a news

release.

The semiconductor and electronic

components industry continued to lead

all other industry sectors in the 2014

list, with 21 representative companies.

Computer hardware was the next

most prolific industry, with 13

companies, followed by the industrial

sector with eight companies and the

automotive sector with six. (Source:

November 6, 2014 CNA)

Taiwan shines in invention fairs in

Hong Kong and Kuwait

Taiwan outperformed other countries at

two invention shows this past week,

one in Hong Kong and one in Kuwait.

Taiwanese inventors took home 52

golds, 21 silvers and five bronzes at the

2014 IDC International Invention and

Design Fair in Hong Kong, which ran

from Thursday and wrapped up

Saturday.

Among the winners, a solar-powered

street lamp-like device that can prevent

smog and kill germs won one gold and

one special award. The device makes

use of ultraviolet light to kill germs

while also purifying the air, helping to

ensure cleaner air if installed every five

kilometers along a road.

Chinese environment authorities in

Beijing and Shandong have expressed

interest in the patented product, which

sells for NT$30,000 (US$964) per unit,

34/47

according to the Taipei-based Chinese

Innovation and Invention Society.

In Kuwait, Taiwan garnered 19 awards

and two special awards in the

International Invention Fair of the

Middle East, which opened Thursday

and brought 150 inventors from 25

countries.

A tumbler-like container that keeps tea

leaves and water separate, removing the

need for both a teapot and cup,

attracted the most attention and netted a

gold and a special prize.

The cup, which features a patented

exhaust button to ensure that pressure

changes will not cause the drink to pop

when opened. (Source: December 6,

CNA)

Google outlines ‘mobile first’ vision for

Asia

At its annual Asia-Pacific media

conference in Taiwan on Tuesday,

Google Inc. outlined the increasing

importance of Asia and its

transformation into a "mobile first"

world.

The company said at the Google

Mobile First conference that Asia's

dependence on mobile devices is

growing, underlined by the many Asian

countries, such as Malaysia and

Vietnam, where smartphones are the

only connected device owned by more

than 24 percent of the population.

"We're going from a Web-first

world to a mobile-first world," Google

Executive Chairman Eric Schmidt said

during a video conference call.

Many of Google's hardware

devices and applications are now being

designed to cater to Asian user needs,

the company said at the media

gathering, which drew more than 200

journalists from Taiwan and 13 other

Asia-Pacific countries.

Google showcased its newly launched

Nexus 6 smartphone and Nexus 9 tablet

that run on its latest Android 5.0

Lollipop operating system, along with

several smartwatches based on

Google's Android Wear platform and

the US$100 Android One affordable

phone.

Among these Android devices, the

Android One smartphones are

manufactured in partnership with

Taiwanese chip maker MediaTek Inc. to

provide quality and affordable phones

in several developing markets in Asia,

where people earn as little as US$250

per month, Google said.

According to data compiled by

market research firm Canalys, 673.7

million smartphones were shipped in

the Asia-Pacific region in 2013,

35/47

outpacing the 283.3 million units

shipped in the United States, and the

firm said great growth potential

remains.

On the software side, there are

increasing numbers of mobile users in

Asia who are watching videos,

listening to music or playing games on

their smartphones, said Chris Yerga,

Google vice president of engineering

and head of Google Play in Asia Pacific.

In Japan, for example, nine of the

10 most popular Android free apps are

games, while 65 percent of mobile

users in Thailand and 64 percent in

China are playing games on their

smartphones, Yerga said, citing

Google's consumer barometer survey.

Also, the number of Korean

developers on the Android platform has

grown three-fold over the past two

years, ranking South Korea as one of

the top five countries in the world in

terms of the number of developers on

Google Play's app store, he said.

(Source: November 4, 2014 CNA)

Taiwan food companies seeking to

enter regional market

Nearly 50 Taiwanese companies,

including some food makers, are

participating in an investment fair in

the Thai capital in a bid to break into

Southeast Asian markets after a spate of

tainted oil scandals at home.

The event, organized by Taiwan

External Trade Development Council

(TAITRA), has drawn more visitors and

buyers than expected, Hou Wen-chin,

deputy director of TAITRA's Market

Development Department, said Monday.

Henry Chen, Taiwan's

representative to Thailand, said in an

address at the opening that Taiwan

businesses should grab the opportunity

to gain footholds in Thailand before

edging into other markets in the region,

where an ASEAN Economic

Community will be established by the

end of next year.

Although Thailand is currently

under martial law, the people's daily

lives have not been affected, Chen said,

adding that fine Taiwan-made products

would undoubtedly do well in the local

market.

Chen Yi-jun, general manager of

Taichung-based Wanyi food company,

said she is not familiar with Southeast

Asian markets but hopes to test the

water during the trade show.

Among the products on display by

her company, she said, the beef

products were the least popular. But

36/47

vegetarian foods like bean curd and

Konjac foods were well accepted, she

added

She thanked Chen for encouraging

her to take part in the fair and said she

would come every year to explore more

business opportunities.

Manufacturers of sports equipment,

LED lights and wheelchairs are also

participating in the fair and have

received inquiries from many Thai

buyers. (Source: November 10, 2014

CNA)

FTA with New Zealand serves

Taiwan well: minister

Economics Minister Duh Tyzz-jiun said

Saturday that trade between New

Zealand and Taiwan had jumped by

more than 15 percent since a free trade

deal took effect between the two

countries.

Furthermore, the agreement on

economic cooperation with New

Zealand (ANZTEC), which became

effective last December, has made other

countries more willing to discuss an

free trade agreement (FTA) with

Taiwan and dissipated some people's

doubts and anxiety, Duh said in a TV

interview broadcast that day.

New Zealand's exports to Taiwan

rose by 24 percent and Taiwan's exports

to that country have increased by 15

percent since the implementation of an

FTA between the two countries, Duh

pointed out.

In response to a question on how to

strengthen Taiwanese firms' quality and

competitiveness, Duh said local

companies need to possess the core

competence to compete with their

counterparts globally. By signing an

FTA, competent firms will benefit and

become more competitive.

But one cannot help incompetent

firms even if Taiwan signs as many

FTAs as possible, Duh noted.

He made these statements during

the interview focusing on the upcoming

signing of the China-South Korea FTA.

Some 56 percent of Taiwan's

exports enter China tariff-free, but

about 31 percent of Taiwan's industrial

products are exported to China under a

tariff of 5 percent or more, Duh

explained.

The firms that are impacted by

tariffs of at least 5 percent are mostly

small and medium enterprises, and the

majority of them are located in central

and southern Taiwan.

During the Asia-Pacific Economic

Cooperation (APEC) summit held

earlier this month in Beijing, a roadmap

proposed by China for a Free Trade

37/47

Area of the Asia-Pacific (FTAAP)

among the 21 Pacific Rim economies,

including the United States, China,

Japan, South Korea and Taiwan, was

approved.

Duh said Taiwan would like to join

the negotiations in both the

U.S.-proposed Trans-Pacific

Partnership (TPP) and the China-led

Regional Comprehensive Economic

Partnership (RCEP), once the

first-round negotiations are completed

for either one of them.

It is estimated that the

implementation of the FTAAP will not

begin before the TPP and RCEP take

effect, Duh stated. (Source: November

23, 2014 CNA)

Acer aims to be among top 5

smartphone vendors in Taiwan in

2015

Taiwanese computer maker Acer

Inc. launched its second octa-core

smartphone in Taiwan Tuesday as part

of an effort to be ranked among the top

five smartphone vendors in its home

market next year.

Acer has set a target of selling

100,000 smartphones in Taiwan this

year, a 67 percent annualized growth

from 60,000 units sold last year, said

Towny Huang, president of Taiwan

operations at Acer.

With the aim of increasing its

ranking to the top five in Taiwan from

the current 15th place, Acer will strive

to double its annual smartphone

shipments in 2015 to 200,000 units

locally, Huang told reporters at the

launch of the Acer Liquid Jade S.

He said Acer has launched four

new smartphones in Taiwan this year

and will bring a higher number of

models to the local market next year,

targeting mainly the price band of

NT$5,000-NT$7,000

(US$160-US$224).

The Jade S is a 5-inch Android

smartphone that sports Taiwanese chip

designer MediaTek Inc.'s MT6752M

octa-core 1.5GHz processor, 2GB of

RAM, 16GB of internal memory, a

13-megapixel main camera and 4G LTE

connectivity.

The new handset will go on sale

Dec. 18 at NT$6,990 through

Chunghwa Telecom Co., Taiwan's

largest mobile carrier.

According to statistics released

Nov. 25 by industry sources, Apple Inc.

was the top smartphone vendor in

Taiwan in October with a 23.6 percent

market share, followed by

Taiwan-based HTC Corp. with a 16.9

percent share and South Korea's

38/47

Samsung Electronics Co. with a 14.3

percent share. (Source: December 9,

2014 CNA)

39/47

GLOBAL ECONOMIC INDICATORS-OUTPUT, PRICES AND UNEMPLOYMENT (％ change on a year ago)

Gross domestic product Industrial

production

Consumer prices Unemployment

Rate, ％

latest quarter

＊

2014

＊

2015

＊

latest latest Year

ago

2014

＊

United States 2.3(Q3) 3.6 2.2 2.9 4.0(Oct) 1.7(Sep) 1.2 1.8 5.8(Oct)

China 7.3(Q3) 7.8 7.3 7.0 7.7(Oct) 1.6(Oct) 3.2 2.1 4.1(Q2)

Japan -1.2(Q3) -1.6 0.9 1.1 0.8(Sep) 3.3(Sep) 1.0 2.8 3.6(Sep)

Britain 3.0(Q3) 2.8 3.0 2.7 1.4(Sep) 1.2(Sep) 2.7 1.6 6.0(Aug)

Canada 2.6(Q2) 3.6 2.3 2.5 3.2(Aug) 2.0(Sep) 1.1 1.9 6.5(Oct)

Euro area 0.8(Q3) 0.6 0.8 1.2 0.7(Sep) 0.4(Oct) 0.7 0.5 11.5(Sep)

Austria 0.6(Q2) -0.6 1.0 1.3 -3.7(Aug) 1.6(Oct) 1.4 1.6 5.1(Sep)

Belgium 0.8(Q3) 0.8 1.0 1.2 0.5(Aug) 0.1(Oct) 0.6 0.7 8.5(Sep)

France 0.4(Q3) 1.1 0.4 0.8 -0.3(Sep) 0.5(Oct) 0.6 0.6 10.5(Sep)

Germany 1.2(Q3) 0.3 1.4 1.5 -0.2(Sep) 0.8(Oct) 1.2 1.0 6.7(Oct)

Greece 1.7(Q3) na 0.4 2.3 -5.1(Sep) -1.7(Oct) -2.0 -1.5 25.9(Aug)

Italy -0.4(Q3) -0.4 -0.3 0.5 -2.9(Sep) 0.1(Oct) 0.8 0.3 12.6(Sep)

Netherlands 1.1(Q3) 0.7 0.6 1.3 -1.1(Sep) 1.1(Oct) 1.6 0.8 8.0(Sep)

Spain 1.6(Q3) 2.3 1.2 1.7 3.7(Sep) -0.1(Oct) -0.1 nil 24.0(Sep)

Czech

Republic

2.5(Q2) 1.2 2.6 2.6 8.3(Sep) 0.7(Oct) 0.9 0.5 7.1(Oct)

Denmark 0.3(Q2) 0.8 0.9 1.5 -0.6(Sep) 0.5(Oct) 0.7 0.7 5.0(Sep)

Hungary 3.2(Q3) 2.0 3.0 2.4 5.2(Sep) -0.4(Oct) 0.9 nil 7.4(Sep)

Norway -0.3(Q2) 3.7 2.2 2.5 7.5(Sep) 2.0(Oct) 2.4 2.0 3.7(Aug)

Poland 3.3(Q3) na 2.6 2.8 4.2(Sep) -0.6(Oct) 0.8 0.2 11.3(Oct)

Russia 0.7(Q3) na 0.4 0.6 2.9(Sep) 8.3(Oct) 6.2 7.5 4.9(Sep)

Sweden 2.6(Q2) 2.9 2.1 2.6 -4.3(Sep) -0.1(Oct) -0.1 nil 7.5(Oct)

Turkey 2.1(Q2) na 3.0 3.7 4.1(Sep) 9.0(Oct) 7.7 8.9 10.1(Aug)

Australia 3.1(Q2) 2.0 3.0 2.9 4.6(Q2) 2.3(Q3) 2.2 2.6 6.2(Oct)

Hong Kong 2.7(Q3) 6.8 2.4 2.6 2.2(Q2) 6.6(Sep) 4.6 4.0 3.3(Oct)

India 5.7(Q2) 3.1 6.0 6.5 2.5(Sep) 5.5(Oct) 10.2 8.0 8.8(2013)

Indonesia 5.0(Q3) na 5.2 5.6 10.9(Sep) 4.8(Oct) 7.9 6.3 5.9(Q3)

Malaysia 5.6(Q3) na 6.0 5.4 5.4(Sep) 2.6(Sep) 2.6 3.1 2.7(Aug)

Pakistan 5.4(2014) na 5.4 4.4 5.3(Aug) 5.8(Oct) 9.1 8.0 6.2(2013)

Singapore 2.4(Q3) 1.2 3.4 3.7 -1.2(Sep) 0.6(Sep) 1.6 1.2 1.9(Q3)

South Korea 3.2(Q3) 3.5 3.5 3.7 1.9(Sep) 1.2(Oct) +0.9 +1.5 3.2(Oct)

Taiwan 3.8(Q3) 2.0 3.7 3.5 10.3(Sep) 1.1(Oct) +0.6 +1.5 3.9(Sep)

Thailand 0.6(Q3) 4.4 1.4 4.1 -3.9(Sep) 1.5(Oct) +1.5 +2.1 0.8(Sep)

Argentina nil(Q2) 3.6 -1.4 1.6 -1.7(Sep) - - - 7.5(Q2)

Brazil -0.9(Q2) -2.4 0.4 1.4 -2.1(Sep) 6.6(Oct) 5.8 6.3 4.9(Sep)

Chile 1.9(Q2) 0.6 2.0 3.4 -0.2(Sep) 5.7(Oct) 1.7 4.3 6.6(Sep)

40/47

Colombia 4.3(Q2) -0.6 5.0 4.4 1.7(Sep) 3.3(Oct) 1.8 2.8 8.4(Sep)

Mexico 1.6(Q2) 4.2 2.4 4.0 2.1(Jul) 4.1(Aug) 3.5 3.8 4.9(Aug)

Venezuela 1.0(Q4) 3.6 -2.5 -0.5 0.8(Sep) 63.4(Aug) 45.4 62.2 7.0(Sep)

Egypt 3.7(Q2) na 2.2 3.0 30.4(Sep) 11.9(Oct) 10.5 10.7 13.3(Q2)

Israel 2.5(Q3) -0.4 2.0 3.1 5.7(Aug) -0.3(Oct) 1.8 0.5 6.5(Sep)

Saudi Arabia 4.0(2013) na 4.1 4.2 na 2.6(Oct) 3.0 2.9 5.6(2013)

South Africa 1.0(Q2) 0.6 1.6 2.9 8.2(Sep) 5.9(Sep) 6.0 6.2 25.4(Q3)

Source: Haver Analytics NOTE: Hover over entries marked * to reveal supplemental information

Source: http://www.economist.com/indicators

Republic of China Updated December, 2014

41/47

General Information

Land Area 36,193 sq. km Population 23.39million (7/2014)

Capital Taipei Population of

Capital 2.69million (6/2014)

National Day October 10 Country Code 886

Currency New Taiwan Dollar Exchange Rate

per USD US$1=NT$ 29.91 (7/2014)

Languages Mandarin, Taiwanese, Hakka, Indigenous languages

Religions Buddhism, Taoism, Christianity, Islam

Participation

in IGOs

Member:

1. APEC (Asia-Pacific Economic Cooperation)since 1991

2. WTO (World Trade Organization) since 2002

3. ADB (Asian Development Bank) since 1966

Observer:

1. WHA (World Health Assembly of World Health Organization) since 2009

2. OECD (Organization for Economic Cooperation and Development) –

Competition Committee since 2002, Steel Committee since 2005,

Fisheries Committee since 2006

Government Head of State President MA Ying-Jeou

Cabinet Premier Chi-Kuo Mao, Minister of Foreign Affairs David Y. L. LIN,

Ministry of Economic Affairs Cheng-Chung Deng,

Minister of Finance Sheng-Ford Chang

Structure The ROC government is divided into central, provincial and municipal, as

well as county and city levels.

The central government is consisted of the Office of the President and 5

branches (called “Yuan”) - the Executive Yuan (Cabinet), the Legislative

Yuan, the Judicial Yuan, the Examination Yuan, and the Control Yuan.

The Cabinet is headed by the Premier, who is appointed by the President

of the R.O.C.

Major Political

Parties

Kuomingtan (KMT), Democratic Progressive Party (DPP), People First

Party (PFP), Taiwan Solidarity Union

Economic Statistics of 2013

GDP US$4,893 billion Economic Growth

Rate 3.41%

GDP per capita US$21,557 Consumer Price

Inflation

0.86% (Nov. 2014)

0.79% (2013)

Republic of China Updated December, 2014

42/47

Unemployment Rate 4.18% (2013)

3.95% (Oct. 2014)

Major Industries electronics, communications and information technology products,

chemicals, textiles, iron and steel, machinery, cement, pharmaceuticals

Exports US$ 26.68billion (November 2014, up 3.3% of the same month of 2013)

US$ 288.20 billion (Jan.-Nov., 2014)

US$ 305.4 billion (2013, up 1.4% of 2012)

Major Export

Items

Electronic integrated circuits, Liquid crystal devices, Petroleum oils and

oils obtained from bituminous minerals (non-crude), Telephone sets and

other apparatus for transmission or reception of voice and images,

Diodes, transistors and similar semiconductor devices, Printed circuit

Major Export

Markets

China, Hong Kong, U.S., Japan, Singapore, Korea, Vietnam, Malaysia,

Germany, Philippines

Imports US$ 22.46 billion (November 2014, down 0.8% of the same month of

2013)

US$ 253.03 billion (Jan.-Nov., 2014)

US$ 270.0 billion (2013, down 0.1% of 2012)

Major Import

Items

Electronic integrated circuits, Petroleum oils and oils obtained from

bituminous minerals (crude and non-crude), Machines and apparatus of a

kind used solely or principally for the manufacture of semiconductor

boules or wafers, semiconductor devices, electronic integrated circuits or

flat panel displays; machines, Petroleum gases and other gaseous hydro

carbons, Coal; briquettes, ovoid and similar solid fuels manufactured

from coal

Major Import

Markets

Japan, China, U.S., Korea, Saudi Arabia, Australia, Germany, Malaysia,

Singapore, Kuwait

Foreign Reserves US$431.5 billion (until Octorber2014)

Outward FDI

(Source: Investment

Commission, MOEA)

US$ 3.69 billion (2011)

US$ 8.09 billion (2012)

US$ 5.23 billion (2013)

Inward

Investment

(Source: Investment

Commission, MOEA)

US$ 4.95 billion (2011)

US$ 5.55 billion (2012)

US$ 4.93 billion (2013)

Foreign Direct

Investment

(Source: Investment

Commission, MOEA)

Stock: US$ 126.3 billion (2013 accumulated)

FDI: US$ 4.93 billion (2013)

Republic of China Updated December, 2014

43/47

FTAs signed with

Trading Partners

1. FTA between the Republic of China (Taiwan) and the Republic of

Panama – August 21, 2003

2. FTA between the Republic of China (Taiwan) and the Republic of

Guatemala – September 22, 2005

3. FTA between the Republic of China (Taiwan) and the Republic of

Nicaragua–June 16, 2006

4. FTA between the Republic of China (Taiwan), the Republic of El

Salvador, and the Republic of Honduras –May 7, 2007

5. ECFA(Economic Cooperation Framework Agreement)– June 29, 2010

6. ANZTEC (Agreement between New Zealand and Separate Customs

Territory of Taiwan, Penghu, Kinmen, and Matsu on Economic

Cooperation)-July 10, 2013

7. ASTEP(Agreement between Singapore and the Separate Customs

Territory of Taiwan, Penghu, Kinmen, and Matsu on Economic

Partnership)- November 7, 2013

Sources: MOFA; Bureau of Foreign Trade, MOEA; Investment Commission, MOEA; EIU; National

Statistics R.O.C; Dept. of Statistics, MOEA

44/47

2015 CIECA Tentative Event Plan

（Asia, Africa, Latin America, South Asia, Middle East） Revised on 2014/12/22

No. Date Events Venue

1. January -June The 15th Taiwan-India Joint Business Councils Meeting Taipei

2. January-August ICC Arbitration & ADR Seminar Taipei

3. January-

October The 12

th Taiwan-Brazil Joint Business Councils Meeting Taipei

4. April-October The 21st Joint Business Council Meeting between CIECA & VCCI Taipei

5. March-October The 7th

Taiwan-Israel Joint Business Council Meeting Taipei

6. March-October The 23rd

Taiwan-Philippines Joint Business Council Meeting Taipei

7. March-October The 25

th Joint Economic Cooperation Meeting between CIECA &

FTI Taipei

8. March-October The 2nd

Taiwan-Myanmar Joint Business Councils Rangoon

9. March-October The 5th

Taiwan- Bangladesh Joint Business Councils Taipei

10. March-October The 2nd

Taiwan-Cambodia Joint Business Councils Cambodia

11. March-October Trade and Investment Opportunities in Nicaragua Taipei

12. March-October Trade and Investment Opportunities in Dominican Republic Taipei

13. March-October Trade and Investment Opportunities in Haiti Taipei

14. March-October The 20

th Joint Economic Cooperation Conference between

Indonesia and Taiwan Jakarta

15. 8th

-13th

June The 9th

World Chambers Congress Italy

16. June-July The 13

th Joint Meeting between CIECA & Singapore Business

Federation (SBF) Singapore

17. June-October The 1st Taiwan-Morocco Joint Business Council Morocco

18. June-October The 1st Taiwan-Tunisia Joint Business Council Tunisia

19. June-October The 1st Taiwan-Somalia Joint Business Council Somalia

45/47

No. Date Events Venue

20. June-October The 1st Taiwan-Burkina Faso Joint Business Council Burkina Faso

21. July-December The 19th

Taiwan-Mexico Joint Business Council Mexico

22. July-December The 5th

Taiwan-Guatemala Joint Business Council Guatemala

23. July-December The 6

th Taiwan-Panama Joint Business Council Panama

24. July-December The 4

th Taiwan-Colombia Joint Business Council Colombia

25. September The 29th

CACCI Conference Turkey

26. September-

November The 16

th Taiwan-Malaysia Joint Economic Conference Malaysia

27. September-

November The 14

th Taiwan-Mongolia Joint Business Council Taipei

28. September-

November

The 29h Joint Conference of ROC-Australia & Australia- Taiwan

Business Councils Australia

29. September-

November

The 40th

Joint Conference of ROC-Korea and Korea-Taiwan

Business Council Seoul

46/47

2015 CIECA Tentative Event Plan

Europe

No. Date Events Venue

1. February-

June The 4

th Estonia-Taiwan Business Forum Taipei

2. February-

June The 10

th Taiwan-Hungary Joint Business Council Meeting Taipei

3. April-

October The 2

nd Taiwan-Ireland Joint Business Council Meeting Taipei

4. April Taiwan Economic & Trade Delegation to Romania & Federation of

Bosnia and Herzegovina

Bucharest、Brasov、Sarajevo、

Monstar

5. May-June The 21st Taiwan-Holland Joint Business Council Meeting Holland

6. May-October The 1st Taiwan-Croatia Joint Business Council Meeting Zagreb

7. September The 4th

Taiwan-Finland Business Forum Finland

8. May-October The 5th

Taiwan-Latvia Joint Business Council Meeting Latvia

9. May-October The 19th

Taiwan-Spain Business Cooperation Committee Spain

10. May-October The 31st Taiwan –Sweden Joint Business Council Meeting Sweden

11. May-October The 4th

Taiwan-Bulgaria Joint Business Council Meeting Bulgaria

12. May-October The 3rd

Taiwan-Portugal Joint Business Council Meeting Portugal

13. May-October The 13th

Taiwan-Poland Joint Business Council Meeting Poland

14. June-

November The 15

th Taiwan-Germany Joint Business Council Meeting Taipei

15. September-

November The 6

th Taiwan-Russia Joint Business Council Meeting Russia

16. September-

November The 17

th Joint Meeting of Taiwan Britain Business Council Taipei

17. September-

November The 6

th Taiwan-Turkey Joint Business Council Meeting Turkey

18. September-

December The 8

th Taiwan-Luxembourg Joint Business Council Meeting Taipei

19. October-

November The 16

th Taiwan- Belgium Joint Business Council Meeting Taipei

47/47

No. Date Events Venue

20. April-

October The 14

th Taiwan-Czech Republic Joint Business Council Meeting Taipei

21. February-

November The 4

th Taiwan-Italy Joint Business Council Meeting Italy

22. April-

November The 8

th Taiwan-Austria Joint Business Council Meeting Taipei

23. N May-

November The 2

nd Taiwan-Denmark Joint Business Council Meeting Taipei

24. June-

November The 3

rd Taiwan-Georgia Joint Business Council Meeting Georgia

25. January-

November Taiwan Economic & Trade Delegation to Balkan Peninsula

Bosnia and

Herzegovina,

Romania, Albania

26. January-

November Taiwan Economic & Trade Delegation to Central Asia Region

Kazakhstan

Kyrgyzstan

27. February-

November Trade and Investment Opportunities in Balkan Peninsula Taipei

28. February-

November Trade and Investment Opportunities in Central Asia Region Taipei

29. February-

November Trade and Investment Opportunities in Russia Taipei