ter-designated subsidiary organs;
expelled from IMF/World Bank group April/May 1980; seeking to join GATT;
attempting to retain membership in INTELSAT; suspended from IAEA in 1972,
but still allows IAEA controls over extensive atomic development; APEC,
AsDB, ICC, ICFTU, IOC
Diplomatic representation:
none; unofficial commercial and cultural relations with the people of the US
are maintained through a private instrumentality, the Coordination Council
for North American Affairs (CCNAA) with headquarters in Taipei and field
offices in Washington and 10 other US cities with all addresses and
telephone numbers NA
US:
unofficial commercial and cultural relations with the people of Taiwan are
maintained through a private institution, the American Institute in Taiwan
(AIT), which has offices in Taipei at #7, Lane 134, Hsiu Yi Road, Section 3,
telephone [886] (2) 709-2000, and in Kao-hsiung at #2 Chung Cheng 3d Road,
telephone [886] (7) 224-0154 through 0157, and the American Trade Center at
Room 3207 International Trade Building, Taipei World Trade Center, 333
Keelung Road Section 1, Taipei 10548, telephone [886] (2) 720-1550
Flag:
red with a dark blue rectangle in the upper hoist-side corner bearing a
white sun with 12 triangular rays

:Taiwan Economy

Overview:
Taiwan has a dynamic capitalist economy with considerable government
guidance of investment and foreign trade and partial government ownership of
some large banks and industrial firms. Real growth in GNP has averaged about
9% a year during the past three decades. Export growth has been even faster
and has provided the impetus for industrialization. Agriculture contributes
about 4% to GNP, down from 35% in 1952. Taiwan currently ranks as number 13
among major trading countries. Traditional labor-intensive industries are
steadily being replaced with more capital- and technology-intensive
industries. Taiwan has become a major investor in China, Thailand,
Indonesia, the Philippines, and Malaysia. The tightening of labor markets
has led to an influx of foreign workers, both legal and illegal.
GNP:
purchasing power equivalent - $150.8 billion, per capita $7,380; real growth
rate 5.2% (1990)
Inflation rate (consumer prices):
4.1% (1990); 3.8% (1991 est.)
Unemployment rate:
1.7% (1990); 1.5% (1991 est.)
Budget:
revenues $30.3 billion