Taiwan, an island off the southwestern coast of China, is the most populous state and largest economy that is not a member of the United Nations. Today, Taiwan is home to 23.7 million people, a population comparable to that of Xinjiang, Beijing, and Shanghai. Despite a recent economic slowdown, Taiwan's GDP per capita stands at $25,000, nearly triple that of China. In terms of PPP, Taiwan ranks 77th in the world; China ranks 108th.
While Taiwan is an economic success, the island remains economically dependent on China. Partner dependency and commodity concentration could prove troublesome for Taiwan if mainland-island relations deteriorate as a result of political backlash, for example. With US-China economic relations the subject of intense focus in recent months, we take a look in today's Viz of the Day at Taiwan's existing trade relations with these two countries and its vulnerability to disruptions in political and economic relations with either nation.
The WTO General Council meets as the Trade Policy Review Body to undertake trade policy reviews of Members under the TPRM and to consider the Director-General's regular reports on trade policy developement. The TPRB is thus open to all WTO Members. The current chair is Ms. Irene B. K. YOUNG (Hong Kong, China). Event Holder: World Trade Organization Source of data: Merchandise trade matrix, imports and exports of total all products, annual, 1995-2014, WTO statistical data sets, 1948-2014