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Issues After a solid frugal growth of 5.86% in 2000, Taiwan has faced the same sluggish growth in response to the earthly concern economic cooling since the break off of 2000 that has touch many countries in Asia and worldwide. Growth rate dropped to 0.91% and 2.35% for the first 2 quarters of 2001, exports dropped 18.5% and imports dropped 23.7% (Taiwan Govt. Website, 2002). Although exports dropped, the subsequent fall in imports, resulted in a trade surplus of USD$9.3 billion, an increase of 102.6%, offsetting much of the effects of the economic downturn. As part of its efforts to improve the investment climate, Taiwan no longer has a list of permitted investments, but maintains a detrimental list of industries closed to foreign investment to maintain gage and environmental protection. Liberalization has reduced that list to less than angiotensin converting enzyme percent of manufacturing categories and less than five percent of service industries. The up-to-the-minute significant liberalization took place in February of 2003 when alcohol production, agrarian production, fishing, and animal husbandry were opened to foreign investors, although prior cheering is still required from the Taiwan authorities. Benefits Taiwan boasts a inexpugnable and dependable economy, responding positively to the global economy trends and market pressures.

With this economic stability, Taiwan offers a highly potential outbound tourist market to the Pacific if several issues can be single-minded and a greater under stand of the market is gleaned. Taiwan has been a strong partner in foreign trade for decades, with the needed reduction of import tariffs in 1992. Continuous trade surpluses pay off resulted in Taiwan accumulating foreign exchange reserves standing at USD$106.7 billion, the 4th highest in the world at the end of 2000 (Taiwan Govt website, 2002). In 2000, Taiwans foreign trade rise 24.1% to USD$288 billion, with a registered trade surplus of USD$8.3 billion. This ranked it 14th amongst the worlds largest... If you want to get a full essay, purchase order it on our website: Ordercustompaper.com

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