UK companies are invited to join businesses from EU countries to explore the growing business opportunities in Taiwan.
Date: 20 June 2017
Location: Tapei, Taiwan
Closing date for applications: Friday 18 November 2016
Taiwan is a central player in the ‘East Asian Miracle’ and a market of high economic and strategic value. As a gateway between Europe, the United States, Japan and the emerging Asian markets (and a bridge connecting China and international markets), this advanced country attracts investment from around the globe and offers various tax- and sector-specific incentives.
Taiwan’s GDP is the nineteenth largest in the world on a purchasing power basis. The Taiwanese have more disposable income than their counterparts in Korea, Japan, France or the UK. Increasing wealth is resulting in a growth in consumption, including demand for foreign imports. In total, 40% of goods consumed are imported.
The food and drinks sector is the fifth largest industry in Taiwan and one of the market’s fastest growing sectors. Local supermarkets, hypermarkets and convenience stores are increasing their ranges of imported foods to meet demand. Potential areas of opportunity in food and drink are linked to entertainment and convenience product ranges that can also be part of the healthy trend in food services.