Taiwan provides Turkish business gateway to ChinaStaff writer ▼ | September 29, 2014
Taiwan is the best route into the burgeoning Chinese market, Turkish investors have been advised.
Cooperation Taiwan can be a springboard for foreign companies
According to Cheng, even the Japanese are using Taiwan as an entry point to China, selecting Taiwanese companies as strategic partners because “we understand their [the Chinese] way of thinking."
Taiwan, officially known as the Republic of China and largely populated by Han Chinese, is the world’s 20th largest goods exporter and 18th largest importer, according to the World Trade Organization.
Calling for closer ties between Taiwan and Turkey, particularly in the economy, culture, science and technology, Cheng went on: "Taiwan has signed deals to avoid double taxation with more than 50 countries in the world, including 12 countries in the EU. In Turkey, such an important country we don’t have any trade-related agreement. How can Taiwanese businessmen come here to invest?"
Taiwan is the world’s 28th wealthiest country and the sixth richest in Asia but it lacks natural resources and its economy is highly dependent on exports such as electronics, telecommunications, precision machinery and biotechnology. ■