1、 https:/crsreports.congress.gov Updated March 7, 2022U.S.-Taiwan Trade RelationsTaiwan is a top U.S. trade partner and a key link in global technology and manufacturing supply chains, supporting both the U.S. and China markets. Taiwans economy is highly dependent on global trade, with exports accoun
2、ting for almost 70% of gross domestic product (GDP). Taiwan faces economic challenges, such as labor mismatches and energy and water shortages, and is seeking to generate growth in emerging technologies (e.g., biotechnology) and semiconductor research, design, and fabrication. Taiwan is seeking to r
3、educe its economic dependence on the Peoples Republic of China (PRC or China), including through trade diversification and on-shoring of some production. Central to these efforts are actions by both the U.S. and Taiwan governments to deepen trade, investment, and technology ties. Also see CRS In Foc
4、us IF10275, Taiwan: Political and Security Issues, by Susan V. Lawrence. Taiwans Economy Taiwan (population 23.4 million) is the worlds 21st-largest economy, with a 2021 nominal GDP of $759.1 billion. The World Economic Forum ranks Taiwan as the worlds 12th most competitive economy. Taiwans GDP comp
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