Interesting Facts About Taiwan

 

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Taiwan is a small island nation 180km east of China with contemporary cities, hot springs resorts and beautiful mountainous terrain. Taipei, the country’s capital in the north, is known for its busy night markets and street-food vendors, Chinese Imperial art at the National Palace Museum and Taipei 101, a 509m-tall, bamboo-shaped skyscraper with an observation deck.

Capital: Taipei

President: Tsai Ing-wen

Currency: New Taiwan dollar

Premier: Lin Chuan

Population: 23.51 million (2016)

Official language: Standard Mandarin

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U.S.-TAIWAN RELATIONS From U.S. Department of State Website

This information is from: http://www.state.gov/r/pa/ei/bgn/35855.htm

The United States and Taiwan enjoy a robust, unofficial relationship. The 1979 U.S.-P.R.C. Joint Communique switched diplomatic recognition from Taipei to Beijing. In the Joint Communique, the United States recognized the Government of the People’s Republic of China as the sole legal government of China, acknowledging the Chinese position that there is but one China and Taiwan is part of China. The Joint Communique also stated that the people of the United States will maintain cultural, commercial, and other unofficial relations with the people on Taiwan. The American Institute in Taiwan (AIT) is responsible for implementing U.S. policy toward Taiwan.

The United States does not support Taiwan independence. Maintaining strong, unofficial relations with Taiwan is a major U.S. goal, in line with the U.S. desire to further peace and stability in Asia. The 1979 Taiwan Relations Act provides the legal basis for the unofficial relationship between the United States and Taiwan, and enshrines the U.S. commitment to assist Taiwan in maintaining its defensive capability. The United States insists on the peaceful resolution of cross-Strait differences, opposes unilateral changes to the status quo by either side , and encourages dialogue to help advance such an outcome.

U.S. Assistance to Taiwan

U.S. development assistance to Taiwan in the 1950s and 1960s helped Taiwan create the prosperous economy it enjoys today. Currently, the United States provides no development assistance to Taiwan.

Economic Relations

The United States has maintained and enhanced its commercial ties with Taiwan since 1979. Taiwan is the United States’ 10th largest trading partner, and the United States is Taiwan’s largest foreign investor. Taiwan enjoys Export-Import Bank financing, Overseas Private Investment Corporation guarantees, normal trade relations status, and ready access to U.S. markets. AIT has been engaged in a series of trade discussions that have focused on protection of intellectual property rights and market access for U.S. goods and services. The United States has a trade and investment framework agreement with Taiwan under the auspices of AIT and the Taipei Economic and Cultural Representative Office in the United States.

Taiwan’s Membership in International Organizations

The United States supports Taiwan’s membership in international organizations that do not require statehood as a condition of membership and encourages Taiwan’s meaningful participation in international organizations where its membership is not possible. Taiwan and the United States belong to a number of the same international organizations, including the World Trade Organization, the Asia-Pacific Economic Cooperation forum, and the Asian Development Bank.

Foreign Representation

The United States maintains unofficial relations with the people on Taiwan through the American Institute in Taiwan, a private nonprofit corporation, which performs citizen and consular services similar to those at diplomatic posts. The Director of AIT is Christopher J. Marut. Other principal officials are listed on AIT’s site.

Taiwan maintains the Taipei Economic and Cultural Representative Office in the United States at 4201 Wisconsin Avenue, NW, Washington, DC 20016 (tel: 202-895-1800).