Taiwan is the world’s leading supplier of notebook personal computers (PCs), liquid crystal display (LCD) monitors, PC cameras and DVD discs. Taiwan also makes 90% of the world’s wireless local area networks (LANs) and is a global leader in bicycle manufacturing.

Nicknamed the Island of Innovation, Taiwan had the fourth-most patent applications from any country during 2004. The World Economic Forum rated Taiwan as the fourth-most growth-competitive nation for that same year.

Taiwan is also called Silicon Island because of its advanced technological infrastructure.

Taiwan’s global brands include Trend Micro (network antivirus and internet security software), Asus (computer accessories), Acer (PC products), Benq (LCD monitors and digital cameras) and D-Link (wireless LANs) and Giant (bicycles).

To stay highly competitive, each year Taiwan’s External Trade Development Council grants prestigious Symbol of Excellence awards to Taiwanese products that best represent innovation, quality and the latest in design. This award in recognized in over 90 countries. Two examples of excellence award winners in 2009 from among 561 Taiwanese-submitted products are:

• HiTi P510S Photo Printer
• 810 USB Flash Drive.

Silicon Island’s world-leading technology has earned a reputation as being easily affordable. Taiwan even has a motto for what it calls the democracy of technology: “Great products in the hands of everyone.”

Political Risks in Taiwan

The biggest risk to trading with Taiwan comes from questions about whether emerging superpower China will eventually take over and assimilate Taiwan’s dynamic and highly profitable capitalist economy. To date, Taiwan’s current government has decreased its stewardship of Taiwanese investment and foreign trade. For example, some large, state-owned Taiwanese banks and industrial firms have already been privatized. However, these government policies may change should mainland China enforce its will on the Island of Innovation.

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