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93 November, 2020 Taiwan Global: 30 Availability: 31 Cost: 63 Regulation: 37 Productivity: 10 2020 Global TWI Ranking (out of 76) 2020 Regional TWI Ranking (out of 15) Region: 8 Availability: 8 Cost: 12 Regulation: 6 Productivity: 5 Remote Readiness 8 Remote Readiness 29 Foreign nationals are able to enter Taiwan provided they quarantine for 14 days and provide a negative Covid-19 test result. Entry for study, tourism or visiting friends is not permitted. Face masks must be worn in public places Schools and businesses are open. Taiwan Q4 2019* Q4 2020* % Change YOY Total Workforce 11.95M 11.97M 0.1% Unemployment Rate (%) 3.7% 3.8% +1% Unemployed Workers 447K 451K +1% The measures, implemented to protect jobs and the economy in Taiwan include: • Wage and training subsidy • Financial support for the unemployed and tuition subsidy for education of their children • Subsidy for businesses for safety and health equipment • Taiwan has launched a triple stimulus voucher programme where citizens can purchase a voucher and are able to spend triple the amount on specific goods and services https://www.imf.org/en/Topics/imf-and-Covid-19/Policy-Responses-to-COVID-19 https://home.kpmg/xx/en/home/insights/ Manpower 2020 Total Workforce Index Workforce Statistics Covid-19 Situation Border Closures and Restrictions Additional Government Spending and Foregone Revenue to September 2020 Covid-19 Confirmed Cases and Deaths - Worldometers *Reported figures at Q4 each year https://www.worldometers.info/coronavirus/ Other Sources: https://data.worldbank.org/ https://ilostat.ilo.org/ https://home.kpmg/xx/en/home/insights/ https://www.gov.uk/foreign-travel-advice United States Embassy https://tradingeconomics.com/ https://eng.stat.gov.tw/