Key Innovative Industries
To stimulate economic growth, create new momentum for industrial development, and leverage the strengths of domestic businesses, Taiwan’s government, under the principle of “linking with local industries, domestic demand supporting industries, and entering international markets”, has been actively promoting the “5+N Innovative Industries” development program including the smart machinery, biomedicine, Asia Silicon Valley (Internet of Things), green energy, national defense, and circular economy industries, plus advanced semiconductors and other key industries. These plans will kickstart Taiwan’s next-generation industrial growth to achieve its vision of a fully digital economy that has a smart island infrastructure and high-value services and that is nuclear-free, energy efficient and has low carbon emissions.
Taiwan actively promotes free trade and internationalization, and supports companies in developing global operation and management models. It has set up "free trade zones" at six seaports and one airpor t . Companies setting up operations in the free trade zones may engage in a diverse range of businesses such as trade, warehousing, logistics, container (cargo) terminal operations, transshipment, transit, freight forwarding, customs clearance services, assembly, sor ting, packaging, repair, fabrication, processing, manufacturing, inspection, testing, display, and technical services.