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investment in

TAIWAN

(FORMOSA)

basic information

for United States businessmen

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U. S. DEPARTMENT OF COMMERCE Lewis L. Strauss, Secretary

US BUREAU OF FOREIGN COMMERCE Loring K. Macy, Director

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For sale by the Superintendent of Documents, U. S. Government Printing Office, Washington 25, D. C.

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Price $1

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Foreword

The expansion of United States foreign private investment and trade is a principal objective of the Bureau of Foreign Commerce, U. S. Department of Commerce. This handbook on Taiwan, provided as a service to United States businessmen in the attainment of this objective, is one of a series of country studies giving basic information on investment and trade and appraising the private investment situation in the particular area covered.

This handbook is not intended to supplant the legal, financial, or other surveys which businessmen customarily make before investing abroad. It is believed, however, that this study may profitably be used as a reference book not only by potential investors but also by exporters, importers, and others having an interest in the economy and commerce of Taiwan.

The Government of the Republic of China, although bearing a heavy defense burden, has achieved a substantial measure of economic stability on Taiwan and can point, moreover, to an impressive industrial growth and expansion of agricultural production in recent years. While United States aid has contributed importantly to these results, Chinese economic planning strives toward ultimate self-sufficiency and much attention has been given lately to courses of action likely to stimulate foreign investor interest. The Chinese Government not only envisages an expansion of domestic industrial production to meet rapidly growing needs on Taiwan for both economic development and personal consumption, but it sees good prospects for export markets for Taiwan's finished products.

The Bureau of Foreign Commerce recognizes that questions may arise in the minds of businessmen which could not be anticipated or, for lack of space, fully covered here. Requests for additional information and assistance are invited and may be addressed to any Field Office of the Department of Commerce or to the Far Eastern Division, Bureau of Foreign Commerce, U. S. Department of Commerce, Washington 25, D. C.

It is planned to keep the basic information in this handbook up to date through reports in the Bureau's World Trade Information Service, which should be consulted for subsequent information on economic, administrative, and legal matters. Current developments with respect to Taiwan are reported in the Department's magazine, Foreign Commerce Weekly.

Subscriptions to Foreign Commerce Weekly and to the three parts of the World Trade Information Service may be purchased from any Field Office of the Department of Commerce, or from the Superintendent of Documents, U.S. Government Printing Office, Washington 25, D. C.

February 1959.

Hylan

HENRY KEARNS

Assistant Secretary for International Affairs
U.S. Department of Commerce

This study was prepared primarily by Milton A. Berger, Chief, China-Hong Kong Section, Far Eastern Division, Bureau of Foreign Commerce, under the direction of Eugene M. Braderman, Director of the Far Eastern Division. Much of the information and analysis is based on a field survey by Mr. Berger in Taiwan. Substantial portions were contributed by Floyd J. Dubas, Assistant Chief, China-Hong Kong Section. Early draft help was furnished by Leo G. Koepfle and Allen Goldstein, then members of the China-Hong Kong Section.

The study draws heavily on reports and comments supplied by the Government of the Republic of China and by the United States Embassy and the Mutual Security Mission in Taipei. Their help is greatly appreciated as is that of the International Cooperation Administration, the U. S. Department of State, and other interested U. S. Government agencies in Washington. Comments of American businessmen in the United States and Taiwan have likewise been of considerable value.

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