Series Title | European Voice |
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Series Details | Vol.10, No.3, 29.1.04 |
Publication Date | 29/01/2004 |
Content Type | News |
Date: 29/01/04 THE 'Made in Taiwan' label used to be self-consciously stuck on cheap toys and radios. No longer. The country, which last year joined the World Trade Organization, is now one of the globe's biggest exporters of state-of-the-art electronics goods. The transformation owes much to a deliberate government policy of coaxing scores of US-trained PhD electronics graduates to return to their homeland after learning their trade at American research institutes and hi-tech firms such as Hewlett-Packard. Today many household brands of DVD player, digital camera or lap-top computer contain vital Taiwanese-made components, designed and manufactured at science parks outside the country's capital, Taipei. In 2003, trade between Taiwan and the European Union amounted to €25.2 billion, constituting an increase of almost 9.4% in comparison to 2002. Imports rose by 9.2%, while exports increased 9.6%. Trade between Taiwan and the EU in this period accounted for 11.6% of Taiwan's overall trade. Taiwan's main exports to the EU included computers and accessories, electronic products, bicycles, liquid crystal displays and sports equipment. The EU mainly exported ferrous scrap, semi-finished products of iron or non-alloy steel, copper plates and sheets, furniture, chemicals, and products used in electronics goods, such as electronic integrated circuits. Taiwan's trade with central and eastern Europe increased 26.0% in 2002 and 10.5% in 2003. Most remarkable were Taiwan's trade with Slovakia, Latvia, Lithuania, Slovenia, Estonia and the Czech Republic, which increased by respectively 103.2%, 61.3%, 37.6%, 36.7%, 33.2% and 20.1% in 2003. |
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Source Link | http://www.european-voice.com/ |
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Countries / Regions | Eastern Asia |