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Taiwan has developed over the last two decades from a low-wages mass producer to a high-tech service economy. It has shown a sustainable economic growth during the last 8 years (excluding the crisis year of 2009) Due to its advanced health and education system and other factors it seems to be well prepared for the future. This is also shown in the current World Economic Forum Global Competiveness Report that calculates a Global Competitiveness Index by considering 12 different factors, such as Infrastructure, Higher Education and Innovation. Taiwan is listed in 13th place out of a total of 139 global economies. This equates to rank 3 among Asian countries (only Singapore and Hong Kong are ranked better)[1]. After having signed the Economic Cooperation Framework Agreement (ECFA) between Taiwan (Republic of China, ROC) and China (People's Republic of China, PRC) on 29th June 2010, R.O.C.’s economic and its political future is being currently reassessed by many foreign observers. The agreement, which has been in force since the first of January, 2011, opens new prospects for Taiwan to develop further Free Trade Agreements. China will definitely be one of the three biggest growth markets of the world's economic future in the upcoming decade. Therefore, a possible future status of Taiwan is to take the role as an "Asian Economic and Cultural Hub" for companies to gain a foothold into the Chinese or the entire Asian market. Taiwan already provides competitive attributes such as infrastructure, political and social stability as well as sophisticated business networks and cultural tolerance among other strengths, which characterizes it as an expanding potential partner and a possible link to Chinese Market.