Taiwan

2014 Trade and Investment Profile


Taiwan, also known as Taipei, China, is an archipelago of 86 islands located 100 miles off the coast of China, with the largest, Taiwan Island, comprising almost 98% of the country’s land mass of 13,900 square miles.

Taiwan has had a complicated history. After the Chinese Communists defeated the Republic of China (ROC) forces in the Chinese Civil War (1945-1949), the Chiang Kai-shek’s Chinese Nationalist Party (KMT) retreated to Taiwan and established the island as a base of operations to reclaim the Chinese mainland.

Taiwan’s political status is complicated by the controversy over the Republic of China’s existence as a state. Mainland China still hold a claim over what is collectively known as the Republic of Taiwan.

Despite its political history, Taiwan has transformed itself through decades of hard work to be a well-industrialised and mature economy and an important economic and trading centre with one of the world’s busiest ports in Kaohsiung.

As the world’s 24th largest economy, the 16th largest exporter, and the 16th largest importer in merchandise trade, Taiwan has a dynamic capitalist economy. But a heavy dependence on exports exposes the economy to fluctuations in world demand.

Taiwan, also known as Taipei, China, is an archipelago of 86 islands located 100 miles off the coast of China, with the largest, Taiwan Island, comprising almost 98% of the country’s land mass of 13,900 square miles.

Taiwan has had a complicated history. After the Chinese Communists defeated the Republic of China (ROC) forces in the Chinese Civil War (1945-1949), the Chiang Kai-shek’s Chinese Nationalist Party (KMT) retreated to Taiwan and established the island as a base of operations to reclaim the Chinese mainland.

Taiwan’s political status is complicated by the controversy over the Republic of China’s existence as a state. Mainland China still hold a claim over what is collectively known as the Republic of Taiwan.

Despite its political history, Taiwan has transformed itself through decades of hard work to be a well-industrialised and mature economy and an important economic and trading centre with one of the world’s busiest ports in Kaohsiung.

As the world’s 24th largest economy, the 16th largest exporter, and the 16th largest importer in merchandise trade, Taiwan has a dynamic capitalist economy. But a heavy dependence on exports exposes the economy to fluctuations in world demand.

In 1991, Taiwan proposed a long-term, three-phase reunification plan with China, along with plans to restructure the government. Since then, growing economic ties highlight Taiwan’s importance as an emerging trace and investment gateway to mainland China.

Taiwan has overcome its physical limitations and challenges to remain one of the key economic centres in Asia and a major foreign investor and aid donor.

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Disclaimer: The information and materials contained in this document have been prepared for information purposes only and are general in nature. The information contained in this document is based on material compiled from data considered to be reliable at the time of publication. However information and opinions expressed in this document should not be construed as final consideration for any business and investment decision making. Sarmat Research Partners Pty Ltd cannot be held responsible for any losses whether direct or indirect as a result of using this information.


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