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APROC A Brief Chronology of Taiwan Economy Tourism Transportation  
   
   

    Asia-Pacific Regional Operations Centre
APROC

 

In the 21st century, the Asia-Pacific region will be a key centre of global economic activity. The facts which make Taiwan stand out above other nations in the region are:

  • An open and dynamic economy
  • A sound financial base
  • High-quality human resources
  • A democratic society
  • A strategic position
  • Trade and economic links throughout the region
  • Linguistic and cultural affinities with many other key areas in the Asia-Pacific

APROC is a broad program of liberalization, freeing the flow of goods, services, personnel, capital, and information. Under APROC specialized centers for high-tech manufacturing, sea and air transportation, financial services, telecommunications, and media will be established to develop Taiwan into an Island of Science and Technology that is also a gateway to the Asia-Pacific region, the market of markets of the 21st Century.




    Asia-Pacific Regional Operations of Financial Centre
FINANCIAL CENTRE

 
Taiwan's substantial economic resources, huge foreign exchange reserves, and offshore banking center form the building blocks for its emergence as a financial hub. The domestic securities market has been opened to direct investment by foreign individual and corporate investors. Entry into the insurance market has been relaxed and is now open to companies from other countries besides the United States. The market offers many opportunities for further expansion, with products such as pension funds yet to be widely developed.

Matching its strong economic fundamentals with measured and appropriate liberalization, Taiwan is strengthening its international financial capabilities, giving rise to a new regional financial hub.



    Asia-Pacific Regional Operations of Sea Transportation Centre
SEA TRANSPORTATION

 
As an export-driven island economy, Taiwan has long depended on sea transportation. Three main ports, strategically located around the island Kaohsiung in the south, Taichung in the centre, and Keelung in the north, serve its sea transportation needs.

Kaohsiung is the third largest container port in the world and a major transshipment centre. Completion of the APROC initiatives on port management and construction will ensure that Taiwan offers world class, ultra competitive sea transportation, supporting the manufacturing centre role and making it the prime shipping hub in the region.



    Asia-Pacific Regional Operations of Air Transportation Centre
AIR TRANSPORTATION

 
Taiwan's location at the centre of the Asia-Pacific region is vital to airline routes linking Northeast and Southeast Asia, and an ideal transit hub between North America and East Asia.
Chiang Kai-Shek (CKS) International Airport is undergoing expansion to increase capacity for both cargo and passenger traffic. As just-in-time delivery becomes the norm of high-end manufacturing, the market for express air cargo is set to continue its rapid expansion for years to region, where there is a strong need for a regional hub for air cargo sorting and distribution. With its central location and attractive local market, Taiwan perfectly fits this around CKS International Airport are in progress, with draft plans for land use already finalized.

United Parcel Service (UPS) established its regional headquarters at CKS International Airport in 1996, and Federal Express (Fedex) has also expanded its operation at the airport.




    Asia-Pacific Regional Operations of Manufacturing Centre
MANUFACTURING

 
Taiwan has already become the world's third largest manufacturer of information technology hardware, surpassed only by the USA and Japan. It tops the list in the production of leading edge information products such as motherboards, keyboards, and scanners. A key area of the APROC plan is to establish between 20 and 30 intelligent industrial parks around the island - 17 of which are in the planning stage or under development. Interlinked by state of the art digital communications networks and rapid connections to the main arteries of the island's transportation infrastructure, the parks will play an important part in making Taiwan an Island of Science and Technology.



    Asia-Pacific Regional Operations of Telecommunications Centre
TELECOMMUNICATIONS

 
Taiwan possesses two prime strengths in telecommunications: its basic telecommunications infrastructure and a proven ability to absorb new technology. As the island's telecommunications industry improves its competitiveness, it is also expanding into the region for a leading position in the Asia-Pacific market.
The mobile phone, paging, mobile digital communication, and trunking radio markets have already been opened. In due course, all basic telecom services will follow suit. A national information infrastructure (NII) is being developed, using optical cable for the digitization of more services.
Taiwan's liberalization of telecommunications and its technological enhancements are integral to the development of other operations centres and will also provide the infrastructure and low cost, high quality services Taiwan needs to take the lead in the booming Asia-Pacific telecommunications market.



    Asia-Pacific Regional Operations of Media Centre
MEDIA CENTRE

 
Taiwan's linguistic and cultural background, combined with its technological resources and talented people, makes it an ideal centre for production and distribution of Chinese language TV programs and films. With its open society, vibrant media, and unrestrained freedom of expression, Taiwan is the best possible centre of operations for Chinese language media in the Asia-Pacific region.
Under the APROC plan, a number of measures have been implemented to support Taiwan's development as a media centre. For example, plans are complete for several high-tech media parks, bringing together all the necessary elements for the production and post production of Chinese language TV programs and movies. Major media corporations have already endorsed Taiwan as a media centre.



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Last updated 21 March, 2001
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