Taiwan Freight Transport and Shipping Report Q2 2018
The Taiwanese economy is set to record steady growth in 2018 and over the next five years to 2022, and the freight andlogistics sector is set to benefit as a result. Pivotal drivers of trade growth will be a robust and competitive economy, with a strongcomparative advantage in semiconductor and microchip manufacturing and export in an era of strong IT global spending. We notethat the fundamentals of the Taiwanese economy remain strong and the export-oriented growth model will continue to prosper outto 2022. Some tensions continue to pose downside risks to trade and freight growth, and these include tensions with China. Taiwanis set to strengthen its bilateral relations with a number of global partners, including the US, Japan, Australia, India and Pacificnations, to expand its political and trading alliances.
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