ement include
establishing a sovereign nation on Taiwan and entering the UN; other
organizations supporting Taiwan independence include the World United
Formosans for Independence and the Organization for Taiwan Nation Building

International organization participation: APEC, AsDB, BCIE, ICC, ICFTU,
IFRCS, IOC, WCL, WTrO

Diplomatic representation in the US: none; unofficial commercial and
cultural relations with the people of the US are maintained through
an unofficial instrumentality, the Taipei Economic and Cultural
Representative Office (TECRO) in the US with headquarters in Taipei and
field offices in Washington and 12 other US cities

Diplomatic representation from the US: none; unofficial commercial and
cultural relations with the people on Taiwan are maintained through an
unofficial instrumentality - the American Institute in Taiwan (AIT)
- which has offices in the US and Taiwan; US office located at 1700
N. Moore St., Suite 1700, Arlington, VA 22209-1996, telephone: [1]
(703) 525-8474, FAX: [1] (703) 841-1385); Taiwan offices located at #7
Lane 134, Hsin Yi Road, Section 3, Taipei, Taiwan, telephone: [886] (2)
2709-2000, FAX: [886] (2) 2702-7675; #2 Chung Cheng 3rd Road, 5th Floor,
Kaohsiung, Taiwan, telephone: [886] (7) 224-0154 through 0157, FAX: [886]
(7) 223-8237; and the American Trade Center, Room 3208 International Trade
Building, Taipei World Trade Center, 333 Keelung Road Section 1, Taipei,
Taiwan 10548, telephone: Flag description: red with a dark blue rectangle
in the upper hoist-side corner bearing a white sun with 12 triangular rays

Economy Taiwan

Economy - overview: Taiwan has a dynamic capitalist economy
with gradually decreasing guidance of investment and foreign
trade by government authorities. In keeping with this trend,
some large government-owned banks and industrial firms are being
privatized. Real growth in GDP has averaged about 8% during the
past three decades. Exports have provided the primary impetus for
industrialization. The trade surplus is substantial, and foreign
reserves are the world's third largest. Agriculture contributes 2%
to GDP, down from 35% in 1952. Traditional labor-intensive industries
are steadily being moved offshore and replaced with more capital- and
technology-intensive industries. Taiwan has become a major investor in
China, Thailand, Indonesia, the Philippines, Malaysia, and Vietnam; 50,000
Taiwanese businesses are established in China. Because of i