The Treasurer’s Guide to Trade Finance

Taiwan

Trade information

Key trading partners

Imports by origin

Japan 18.5%

China 15.5%

USA 9.3%

EU 8.5%

South Korea 6.3%

Other 41.9%

Source: WTO, September 2012

Exports by destination

China 27.2%

Hong Kong 13.0%

USA 11.8%

EU 9.3%

Japan 5.9%

Other 32.8%

Taiwan imports exports

Principal exports

Electronics, flat panels, machinery, metals,

textiles, plastics, chemicals, opticals and medical

equipment.

Documentation

Imports

ƒ Bill of lading, certificate of origin, commercial

invoice, a customs import declaration,

packing list and terminal handling receipts.

Exports

ƒ Bill of lading, certificate of origin, commercial

invoice, a customs export declaration,

packing list and terminal handling receipts.

Licences

Imports

ƒ Only around 2 percent of goods need an

import licence.

ƒ The Bureau of Foreign Trade (BOFT —

http://www.trade.gov.tw/English/) issues licences

for goods classified as controlled or

permissible.

Exports

ƒ The BOFT issues licences for goods

classified as controlled or permissible.

Tariffs/Taxes

Imports

ƒ Since joining the WTO, Taiwan has reduced

many of its import tariff rates.

ƒ The maximum tariff rate is 50 percent; the

average rate is 5.6 percent.

ƒ Foreign alcohol and tobacco are also subject

to additional tariffs, excise duty and health

taxes.

Exports

ƒ None.

Financing requirements for imports/

exports

ƒ None.

Prohibited items

Imports

ƒ Items that are prohibited for moral reasons

as well as to protect national security, public

health and to preserve wildlife.

Exports

ƒ Items that are prohibited for moral reasons

as well as to protect national security, public

health and to preserve wildlife.