71218 Taiwan, China: Trade At-A-Glance Dec-08 2007 GDP 2007 GDP 2007 Share 2007 Trade Membership No. of RTAs/ EIAs (millions) per capita in World Trade per capita GATT WTO Goods Services $379,614 $16,578 1.57% $22,982 No 2002 0 0 Taiwan TRADE PERFORMANCE ‡ HI non-OECD Ranking Decile TP High inc TRADE POLICY (TP) (out of 125) 20 2 EXTERNAL ENVIRONMENT (EE) (out of 126) 57 5 TO EE INSTITUTIONAL ENVIRONMENT (IE) (out of 181) 61 4 TRADE FACILITATION (TF) (out of 151) 21 2 TRADE OUTCOME (TO) (out of 161) 134 9 TF IE ‡ Rankings are based on the "representative" indicators (in bold) in each group below for the latest year Outer bound represents best value in latest year TRADE POLICY (TP)  1995-99^ 2000-04^ 2005-07^ Latest^ Trade Tariff Restrictiveness Index (MFN applied tariffs)& .. 3.8 3.8 * TTRI (applied tariffs including preferences) & .. 3.8 3.8 * TTRI Overall TRI (OTRI, applied tariffs incl. prefs.+NTMs)& .. .. .. (MFN) Other trade policy indicators MFN applied tariff - simple avg (%) 8.4 8.1 6.4 6.3 Applied Dispersion (coefficient of variation) 1.4 2.7 2.5 2.7 tariff (wgt avg) Maximum rate 226.2 730.0 456.9 516.7 Agriculture - simple avg (%) 19.1 20.2 17.7 17.9 Import Nonagriculture - simple avg (%) 6.7 6.2 4.7 4.5 duties MFN applied tariff - trade weighted avg (%) 5.1 3.6 2.6 2.3 MFN zero-duty imports (% in total imports) 14.0 42.6 68.1 64.4 * Applied tariff (incl. prefs.) - trade weighted avg (%) 5.1 3.6 2.5 2.3 Nontariff measures Agriculture 17.2 13.6 11.7 11.8 Nonagriculture 4.5 3.1 2.1 1.9 0 10 20 30 40 50 Applied tariff (incl. prefs.) - production weighted avg (%) .. 4.8 4.4 * HI non-OECD High inc Taiwan Applied tariff (incl. prefs.) escalation (finished% minus raw%) .. -5.5 -5.3 Agriculture .. .. -0.6 -1.0 Nonagriculture .. .. -1.1 -0.3 Import duties (% of imports) .. .. .. .. Services commit. Tariff overhang (MFN bound less MFN applied rate,%) -2.8 -2.5 0.2 0.3 Bound tariff frequency ratio (% of total lines) 99.9 100.0 100.0 100.0 * Specific tariffs frequency ratio (%) 0.0 0.3 1.8 1.8 0 40 80 Non-tariff measures frequency ratio (%) .. 43.5 .. .. HI non-OECD High inc Taiwan Overall GATS commitment index (0-100, best) .. .. .. EXTERNAL ENVIRONMENT (EE)  1995-99^ 2000-04^ 2005-07^ Latest^ MA-TTRI (applied tariffs incl. prefs.)& 3.3 3.3 * MA-OTRI (applied tariffs incl. prefs.+NTMs)& 9.8 9.9 * MA-TTRI Other external environment indicators ROW applied tariff (incl. prefs.) - weighted avg (%) 6.2 4.2 3.1 2.9 * MFN duty free Agriculture 19.1 8.9 7.2 6.6 * (exports) Nonagriculture 5.9 4.2 3.1 2.9 * MFN zero-duty exports (% of total exports) 29.0 49.8 59.7 56.4 * Value of prefer Exports with FTA / CU partners (% of total exports) 45.8 58.5 60.9 61.8 * Preferences (EU+U.S.) utilization rate (%) .. .. .. .. 0 1 Lowest Highest Preferences (EU+U.S.) actual value (% of exports) .. .. 0.0 0.0 * HI non-OECD High inc Taiwan Real effective exchange rate (% change,+ =apprec.) .. .. .. .. ^ Indicators shown are period averages, incl. growth rates. Latest indicates 2008; when not available, 2006 or 2007 is used(noted by *). For more infor., see User's Guide at http://www.worldbank.org/wti2008. ŸMFN: most favored nation; NTM: nontariff measures; MA: market access; ROW: rest of the world; FTA: free trade agreement; CU: customs union; WTO: World Trade Organization GATT: General Agreement on Tariffs and Trade; WGI: World Government Indicators; ".." indicates missing value; RTA/EIA: regional trade arrangement / economic integration arrangement; & 2007 are preliminary estimates Taiwan, China Trade At-A-Glance Dec-08 INSTITUTIONAL ENVIRONMENT (IE) 2004 2006 2007 2008 Ease of Doing Business (rank out of 181) .. .. 58 61 Starting a business (rank) .. .. 108 119 Enforcing contracts (rank) .. .. 87 119 Ease of Doing Closing a business (rank) .. 13 88 Business Other institutional environment indicators WGI - Regulatory Quality (-2.5 to +2.5, best) 1.29 1.12 1.05 .. 0 80 160 WGI - Rule of Law (-2.5 to +2.5, best) 0.82 0.69 0.67 .. HI non-OECD High inc Taiwan WGI - Control of Corruption (-2.5 to +2.5, best) 0.73 0.58 0.41 .. TRADE FACILITATION (TF) 1995-99^ 2000-04^ 2005-07^ Latest^ Logistics Performance Index (LPI, 1 to 5 best) .. .. 3.6 3.6 * Efficiency of customs and other border procedures .. .. 3.3 3.3 * Logistic Index Quality of transport and IT infrastructures .. .. 3.6 3.6 * International transportation costs .. .. 3.7 3.7 * Logistics competence .. .. 3.6 3.6 * Trading Trackability of shipments .. .. 3.6 3.6 * Across Borders Domestic transportation costs .. .. 3.1 3.1 * Timeliness of shipment .. .. 4.2 4.2 * Other trade facilitation indicators UNCTAD Shipping Doing Business - Trading Across Borders (rank out of 181) .. 31 30 No. of documents required for exports .. .. 7 7 No. of days process required for exports .. .. 27 24 Telephones Cost to export (US$ per container) .. .. 747 757 per 100 No. of documents required for imports .. .. 7 7 No. of days process required for imports .. .. 12 12 Secondary Cost to import (US$ per container) .. .. 747 769 enrollment Liner shipping connectivity index (0-100 best) .. .. 63.0 62.4 Telephones and mobiles per 100 people 4.0 4.4 8.3 .. 0 Lowest 1 Highest Average cost of 3-minute call to U.S. (US$) 1.6 0.7 .. .. HI non-OECD High inc Taiwan Internet usage (per 100 people) .. .. .. .. Secondary gross school enrollment (%) .. .. .. .. TRADE OUTCOME (TO) ## 1995-99^ 2000-04^ 2005-07^ Latest^ Real growth in trade of goods and services (%) 8.4 8.3 6.8 2.8 10 9.3 9.2 8.7 Exports 8.6 9.3 8.9 3.2 8 8.4 8.3 8.0 7.9 6.6 6.8 Imports 8.2 7.2 3.9 2.3 6 5.3 5.2 Other trade outcome indicators 4 2.8 Trade integration (trade as % of GDP) 91.7 105.4 132.8 150.0 2 FDI inflow (% of GDP) .. .. 2.0 1.9 0 1995-99 2000-04 2005-07 2008 World trade share growth (%) -0.5 -0.7 -4.9 -4.8 Trade Growth Rate Exports -0.3 -0.8 -4.6 -6.0 Taiwan HI non-OECD High inc Imports -0.7 -0.6 -5.1 -3.5 Merchandise share in total exports (%) 87.8 87.0 88.5 88.0 Exports Share (2005-07) Agriculture .. .. .. .. Service, Manufacturing .. .. .. .. 11.5 Mining, fuel and others .. .. .. .. Service share in total exports (%) 12.2 13.0 11.5 12.1 Tourism .. .. .. .. Transportation .. .. .. .. Other services .. .. .. .. Export product concentration index (0 to 100, highest) 13.3 15.7 17.3 19.0 * Mercha ndise, Export market concentration index (0 to 100, highest) 36.2 33.8 33.3 33.8 * 88.5 Top 5 exports share (% of merchandise exports) .. .. 40.4 40.5 * Top 5 exports (SITC Rev. 2; 3 digit) Valves/transistors[776,]Optical instruments[871], Elec Equip[778], Hvy pet/bitum oils[334],Office equip parts/accs.[759] ^ Indicators shown are period averages, incl. growth rates. Latest indicates 2008; when not available, 2006 or 2007 is used (noted by *). For more info., see User's Guide at http://www.worldbank.org/wti2008 ## Most outcome indicators (mostly through 2007) are from the WDI (World Bank, Data Group), UNCTAD or COMTRADE; for filling gaps and 2008, data from the Prospects Group are used.