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NAVIGATION
Taiwan
T'ai-wan
GOVERNMENT
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Country name:
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conventional long form: none
conventional short form: Taiwan local short form: T'ai-wan local long form: none former: Formosa |
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Government type:
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multiparty democratic regime headed by popularly-elected president and unicameral legislature |
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Capital:
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Taipei |
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Administrative divisions:
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the central administrative divisions include the provinces of Fu-chien (some 20 offshore islands of Fujian Province including Quemoy and Matsu) and Taiwan (the island of Taiwan and the Pescadores islands); Taiwan is further subdivided into 16 counties (hsien, singular and plural), 5 municipalities* (shih, singular and plural), and 2 special municipalities** (chuan-shih, singular and plural); Chang-hua, Chia-i, Chia-i*, Chi-lung*, Hsin-chu, Hsin-chu*, Hua-lien, I-lan, Kao-hsiung, Kao-hsiung**, Miao-li, Nan-t'ou, P'eng-hu, P'ing-tung, T'ai-chung, T'ai-chung*, T'ai-nan, T'ai-nan*, T'ai-pei, T'ai-pei**, T'ai-tung, T'ao-yuan, and Yun-lin; the provincial capital is at Chung-hsing-hsin-ts'un
note: Taiwan uses the Wade-Giles system for romanization |
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National holiday:
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Republic Day (Anniversary of the Chinese Revolution), 10 October (1911) |
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Constitution:
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1 January 1947, amended in 1992, 1994, 1997, and 1999 |
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Legal system:
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based on civil law system; accepts compulsory ICJ jurisdiction, with reservations |
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Suffrage:
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20 years of age; universal |
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Executive branch:
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chief of state: President CHEN Shui-bian (since 20 May 2000) and Vice President Annette LU (LU Hsiu-lien) (since 20 May 2000)
election results: CHEN Shui-bian elected president; percent of vote - CHEN Shui-bian (DPP) 39.3%, James SOONG (SOONG Chu-yu) (PFP) 36.84%, LIEN Chan (KMT) 23.1%, HSU Hsin-liang (independent) 0.63%, LEE Ao (CNP) 0.13% elections: president and vice president elected on the same ticket by popular vote for four-year terms; election last held 18 March 2000 (next to be held NA March 2004); premier appointed by the president; vice premiers appointed by the president on the recommendation of the premier head of government: Premier (President of the Executive Yuan) YU Shyi-kun (since 1 February 2002) and Vice Premier (Vice President of the Executive Yuan) LIN Hsin-yi (since 1 February 2002) cabinet: Executive Yuan appointed by the president |
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Legislative branch:
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unicameral Legislative Yuan (225 seats - 168 elected by popular vote, 41 elected on the basis of the proportion of islandwide votes received by participating political parties, eight elected from overseas Chinese constituencies on the basis of the proportion of islandwide votes received by participating political parties, eight elected by popular vote among the aboriginal populations; members serve three-year terms) and unicameral National Assembly (300 seat nonstanding body; delegates nominated by parties and elected by proportional representation within three months of a Legislative Yuan call to amend the Constitution, impeach the president, or change national borders)
elections: Legislative Yuan - last held 8 December 2001 (next to be held NA December 2004); note - the National Assembly is a nonstanding body and is called into session election results: Legislative Yuan - percent of vote by party - DPP 39%, KMT 30%, PFP 20%, TSU 6%, independents and other parties 5%; seats by party - DPP 87, KMT 68, PFP 46, TSU 13, independents and other parties 11 |
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Judicial branch:
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Judicial Yuan (justices appointed by the president with consent of the National Assembly; note - beginning in 2003, justices will be appointed by the president with consent of the Legislative Yuan) |
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Political parties and leaders:
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Democratic Progressive Party or DPP [Frank HSIEH (HSIEH Chang-ting), chairman]; Kuomintang or KMT (Nationalist Party) [LIEN Chan, chairman]; People First Party or PFP [James SOONG (SOONG Chu-yu), chairman]; Taiwan Solidarity Union or TSU [HUANG Chu-wen, chairman]; other minor parties including the Chinese New Party or CNP |
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Political pressure groups and leaders:
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Taiwan independence movement, various business and environmental groups
note: debate on Taiwan independence has become acceptable within the mainstream of domestic politics on Taiwan; political liberalization and the increased representation of opposition parties in Taiwan's legislature have opened public debate on the island's national identity; a broad popular consensus has developed that Taiwan currently enjoys de facto independence and - whatever the ultimate outcome regarding reunification or independence - that Taiwan's people must have the deciding voice; advocates of Taiwan independence oppose the stand that the island will eventually unify with mainland China; goals of the Taiwan independence movement 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 |
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International organization participation:
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APEC, AsDB, BCIE, ICC, ICFTU, IFRCS, IOC, WCL, WTrO |
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Diplomatic representation in the US:
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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 |
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Diplomatic representation from the US:
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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, Kao-hsiung, 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: [886] (2) 2720-1550, FAX: [886] (2) 2757-7162 |
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Flag description:
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red with a dark blue rectangle in the upper hoist-side corner bearing a white sun with 12 triangular rays |
ECONOMY
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Economy - overview:
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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. 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 32% in 1952. While Taiwan is a major investor throughout Southeast Asia, China has become the largest destination for investment and has overtaken the US to become Taiwan's largest export market. Because of its conservative financial approach and its entrepreneurial strengths, Taiwan suffered little compared with many of its neighbors from the Asian financial crisis in 1998. The global economic downturn, combined with problems in policy coordination by the administration and bad debts in the banking system, pushed Taiwan into recession in 2001, the first year of negative growth ever recorded. Unemployment also reached record levels. Output recovered moderately in 2002 in the face of continued global slowdown, fragile consumer confidence, and bad bank loans. Growing economic ties with China are a dominant long-term factor. Exports to China - mainly parts and equipment for the assembly of goods for export to developed countries - drove Taiwan's economic recovery in 2002. |
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GDP:
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purchasing power parity - $406 billion (2002 est.) |
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GDP - real growth rate:
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3.5% (2002 est.) |
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GDP - per capita:
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purchasing power parity - $18,000 (2002 est.) |
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GDP - composition by sector:
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agriculture: 2%
industry: 31% services: 67% (2002 est.) |
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Population below poverty line:
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1% (2000 est.) |
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Household income or consumption by percentage share:
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lowest 10%: 6.4%
highest 10%: 41.1% (2002) |
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Distribution of family income - Gini index:
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32.6 (2000) |
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Inflation rate (consumer prices):
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-0.2% (2002 est.) |
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Labor force:
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10 million (2002 est.) |
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Labor force - by occupation:
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services 58%, industry 35%, agriculture 7% (2002 est.) |
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Unemployment rate:
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5.2% (2002 est.) |
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Budget:
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revenues: $36 billion
expenditures: $36.1 billion, including capital expenditures of $NA (2002) |
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Industries:
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electronics, petroleum refining, chemicals, textiles, iron and steel, machinery, cement, food processing |
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Industrial production growth rate:
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6% (2002 est.) |
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Electricity - production:
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151.1 billion kWh (2001) |
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Electricity - production by source:
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fossil fuel: 72.6%
hydro: 5.8% other: 0% (2002) nuclear: 21.6% |
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Electricity - consumption:
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140.5 billion kWh (2001) |
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Electricity - exports:
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0 kWh (2001) |
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Electricity - imports:
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0 kWh (2001) |
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Oil - production:
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1,100 bbl/day (2001) |
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Oil - consumption:
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988,000 bbl/day (2001 est.) |
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Oil - exports:
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NA |
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Oil - imports:
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NA |
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Oil - proved reserves:
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2 million bbl (January 2002 est.) |
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Natural gas - proved reserves:
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38.23 billion cu m (January 2002 est.) |
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Agriculture - products:
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rice, corn, vegetables, fruit, tea; pigs, poultry, beef, milk; fish |
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Exports:
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$130 billion f.o.b. (2002 est.) |
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Exports - commodities:
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machinery and electrical equipment 54%, metals, textiles, plastics, chemicals (2002) |
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Exports - partners:
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US 22.5%, Hong Kong 22.0%, Japan 10.4%, Germany 3.6%
note:: Taiwan's exports to China include Taiwan government estimates of the proportion of exports that travel via Hong Kong (2002) |
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Imports:
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$113 billion f.o.b. (2002) |
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Imports - commodities:
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machinery and electrical equipment 44.5%, minerals, precision instruments (2002) |
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Imports - partners:
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Japan 24.2%, US 16.1%, Europe 13.0%, China 7.1%, South Korea 6.9% (2002) |
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Debt - external:
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$24.7 billion (2002) |
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Currency:
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new Taiwan dollar (TWD) |
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Currency code:
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TWD |
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Exchange rates:
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34.88 (2002), 34.74 (2001), 33.09 (2000), 31.6 (1999) |
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Fiscal year:
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1 July - 30 June (up to FY98/99); 1 July 1999 - 31 December 2000 for FY00; calendar year (after FY00) |