2023: Doing Business In Taiwan

Part 1: Doing Business in Taiwan

What is the current business climate in your jurisdiction, including major political, economic, and/or legal activities on the horizon in your country that could have a big impact on businesses?

Although the outbreak of COVID-19 has had considerable impacts on most people in Taiwan and on local industries, the overall business environment in Taiwan remains transparent and sound.

Taiwan is one of Asia's major exporters of technology goods. With COVID-19 accelerating shifts in global supply chains, Taiwan and the US have engaged in cooperation under the auspices of the new Economic Prosperity Partnership Dialogue launched in November 2020. Both sides recognize semiconductors as the top mutual priority in supply chain cooperation, in addition to other areas including, healthcare, renewable energy, 5G, and telecommunications.