Transcript Diplomatic Representation in US for commercial

Taiwan
By Group 11
Taiwan
• Population (23 Million)
• Capital Taipei (2.6 Million), other cities Kaohsiung
(1.5 Million), and Taichung (1.07 Million)
• Population Growth Rate 0.23%
• Work force (10.96 Million)
• Multi-party democracy
Political History
• Until 1986 Taiwan was controlled by one party called
the Kuomintang (KMT)
– Chairman on the KMT was also Taiwan’s top leader and
was able to fill appointed positions and maintain political
control over Taiwan.
• Prior to the 1986 island-wide elections a group of
“nonpartisans” formed the Democratic Progressive
Party (DPP)
– In March 2000, DPP candidate Chen Shui-bian became the
first oppositional candidate to win the presidency.
U.S. Pushes Towards FTA
• China vs. Taiwan
– When China went communist,
2 million people left for Taiwan
and started a democratic regime.
• U.S. provides Patriot missile systems as part of a
$6.5 billion arms sale package to Taiwan.
– China claims Taiwan as a democratic island of its own.
– China has over 1000 missiles pointed at Taiwan.
Economic Cooperation
Framework Agreement
• Attempt at greater cross-strait connections
with mainland China
• Nearly a free-trade agreement
– Opens up a wide range of goods and services
– Few barriers left
• US looking towards FTA
– ECFA provides doorway to China’s market
Diplomatic Representation in U.S.
for commercial and cultural relations
• Taipei Economic and Cultural Representative
office
– Private non-profit coporation
– Perform citizen and consular services similar to
diplomatic posts.
Diplomatic Representation from U.S.
• American Institute in Taiwan (AIT)
– Private nonprofit corporation
– Performs citizen and consular services
Entrepreneurship in Taiwan
• Many factors have contributed to economic
success in Taiwan.
• But the most important factor is…
• Entrepreneurship is advocated
Private Business
• Encouraged entrepreneurship.
• The “boss” island.
Enterprises
• Small and Medium Enterprise Administration,
97.8% of enterprises in Taiwan are small and
medium size enterprises.
Economy
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GDP (2010): $430 Billion
Annual Growth Rate (2010): 10.88%
Unemployment (April 2010): 4.29%
Percentage of GDP
– Agriculture 1.6%
– Services 67.1%
– Industry 31.3%
• Natural Resources are limited
Port Cities
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Kaohsiung
Chilung
Hualian
Taichung
Imports
• 13th largest U.S. market in 2010
- $26 Billion a 40.8%
- Accounted for 2% of U.S. exports
• Top Imports in (Billions)
– Private commercial services (excluding military
and government Machinery (5.9), Electrical
Machinery (4.6), Agriculture (3.2), Optic and
Medical Instruments (2), Aircraft and Spacecraft
(1.3), Iron and Steel (1.3)
Imports
• 2003 Banned U.S. Beef
– 65 Nations followed creating a 75% loss to U.S.
Beef
• 2006 Instituted new partials ban on U.S. beef parts
• 2009 October agreement was signed for lift of ban
• Now 6th largest importer of U.S. Beef
Exports
• 9th Largest U.S. market in 2010
– $35.9 billion in 2010 a 26.6%
– Accounted for 1.9% of all U.S. imports
Top Exports in (Billions)
-Electrical Machinery (15.7), Machinery (5.2),
Vehicles (1.9), Iron and Steel Products (1.8),
Plastic (1.3)
Trade Balance
• U.S. goods trade defict with Taiwan was $9.9
billion in 2010
• Had a service trade surplus of $1.3 billion in
2010
Thank you
Works Cited
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"Kaohsiung." The Columbia Encyclopedia, Sixth Edition. 2008. Encyclopedia.com. 25 Sep.
2011 <http://www.encyclopedia.com>.
http://www.state.gov/r/pa/ei/bgn/35855.htm
http://daniel-workman.suite101.com/top-taiwanese-exports-imports-a31807
http://www.21cb.net/taiwan-china-ecfa-trade
http://www.washingtonpost.com/wp-srv/liveonline/advertisers/viewpoint_tecro032907.htm
http://www.bbc.co.uk/news/business-14909564
http://www.ustr.gov/countries-regions/china/taiwan
http://www.time.com/time/world/article/0,8599,1952483,00.html
http://www.cia.gov/library/publications/the-world-factbook/geos/tw.html