Foreign investors and multinational businesses are closely monitoring opportunities arising from China-Taiwan interaction after last year’s election of Taiwan President Ma Ying-jeou produced a rapid warming in China-Taiwan relations. Developments that multinational businesses have been awaiting for years are finally starting to materialize, such as direct commercial aviation and shipping links, the easing of Taiwan’s restrictions on investments in China, Taiwan’s opening up to investment by Chinese companies and individuals, reduced tariffs on goods traded between both sides and Taiwan’s welcoming of Taiwan-owned offshore companies with operations in China to list on Taiwan’s stock exchange and over-the-counter market. Taiwan has recently enacted new incentives for multinational companies establishing Greater China regional headquarters, warehousing operations and R&D facilities on the island and China and Taiwan are also presently negotiating a free trade framework agreement that foreign companies operating in both jurisdictions will also be able to take advantage of.
According to statistics released by Enterprise Florida, Inc., China is presently Florida’s fourth-largest international trading partner, with bilateral merchandise trade valued at $6.5 billion in 2008, marking a 12.6 percent increase over the previous year. Figured together, the three highly interdependent jurisdictions of Greater China, including China, Hong Kong and Taiwan, the 2008 total was $7.7 billion, making the Greater China region Florida’s second-largest trading partner behind Brazil. As a major regional business hub, Florida is also well-positioned to benefit from China’s increasing economic interaction with Latin America and the Caribbean.
By Jason Blatt – 包杰生
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