International cooperation has its contemporary meanings and significance. However, with the point view of advanced developed country, most researches address the formation of international cooperation, firm motive of international cooperation participation, partner selection, control management of cooperation as well as cooperative performance. Comparatively, the associated conceptual relationship between competitive advantage and the nature of cooperative strategy seldom is mentioned. Thus, with the perspective of Taiwan firm, this paper has developed a conceptual framework to examine the cooperative relationship and characteristics between foreign firms and indigenous firms, the influential factors as well as the changing of competitive advantage. This research had collected fifty copies survey that included thirty-five effective copies. With the analysis of basic sample data and firm's perception to cooperation strategy characteristics data, this paper offered a practical suggestion and future research direction.