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Taiwan-China indirect trade hit 102 billion US dollars in 2007
Published in Saudi Press Agency on 27 - 02 - 2008

Taiwan's indirect trade with China surged to 102.3
billion US dollars in 2007, despite political tension across the
Taiwan Strait, Taiwan trade authorities said on Wednesday, according to dpa.
According to the Bureau of Foreign Trade, Taiwan-China indirect
trade totalled 102.3 billion US dollars in 2007, up 16 per cent from
2006.
By the end of 2007, China had become Taiwan's number one trading
partner and export market and its top source of import and of trade
surplus.
Taiwan and China have been split since 1949 when the Chinese
Nationalists lost the Chinese Civil War and fled to Taiwan to set up
their government-in-exile.
As cross-Strait tension began to thaw, Taiwan in 1987 allowed
Taiwanese to travel to China for family reunion and sightseeing, and
in 1992 permitted Taiwan firms to conduct indirect trade with China.
In 2001, Taiwan-China indirect trade amounted to only 31.5 billion
US dollars, or 13.4 per cent of Taiwan's foreign trade. But in 2007
Taiwan-China indirect trade accounted for 21.9 per cent of Taiwan's
foreign trade.


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