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Tsai thanks allies for supporting Taiwan’s international participation

President Tsai Ing-wen thanked Central American allies Belize and Guatemala as well as Caribbean ally Haiti Feb. 18 for backing Taiwan’s participation in the activities, mechanisms and meetings of international organizations.

Taiwan occupies an important position in the global economy. It is a top player in the world’s information and communication technology industry as well as a major supplier of goods across the industrial spectrum. According to the World Trade Organization, Taiwan was the 16th largest exporter and 18th largest importer of merchandise in 2017. It was also one of the largest holders of foreign exchange reserves as of December 2017. Taiwan’s gross domestic product per capita reached US$24,337 in 2017. In terms of nominal GDP, Taiwan ranks close to Argentina and Sweden, while Taiwan’s GDP per capita expressed as purchasing power parity is similar to that of Austria and Denmark.

Since the government relocated to Taiwan in 1949, it has exercised jurisdiction over Taiwan proper, Penghu Islands, Kinmen Islands, Matsu Islands and a number of smaller islands, while China has been under the control of the authorities in Beijing. Beginning with the acceleration of Taiwan’s democratization in the late 1980s, many restrictions concerning civil exchanges with China have been lifted. Today, Taiwan is one of the biggest investors in China. In 2017, the value of cross-strait bilateral trade was US$139 billion. In that year, travelers from China made nearly 2.7 million visits to Taiwan, up from 329,204 in 2008.

Traditional Chinese characters are a treasured cultural legacy and product of thousands of years of linguistic evolution. In modern Taiwan, traditional Chinese characters are utilized as the written form of Mandarin, one of the nation’s official languages.