cil on 25 October 1971 and withdrew on same date from other
charter-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; 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,
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

_*_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.

_#_GNP: $150.8 billion, per capita $7,380; real growth rate
5.2% (1990)

_#_Inflation rate (consumer prices): 4.4% (1990)

_#_Unemployment rate: 1.7% (1990)

_#_Budget: revenues $30.3 billion; expenditures $30.1 billion,
including capital expenditures of $NA (FY91 est.)

_#_Exports: $67.2 billion (f.o.b., 1990);

commodities--textiles 15.6%, electrical machinery 18.2%, general
machinery and equipment 14.8%, basic metals and metal products 7.8%,
foodstuffs 1.7%, plywood and wood products 1.6% (1989);

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