Cross-Straits Trade Gave Taiwan US $16.7 Billion Surplus

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Friday, June 16, 2000, updated at 16:28(GMT+8)

Business

Cross-Straits Trade Gave Taiwan US $16.7 Billion Surplus

Cross-Straits trade has given Taiwan a surplus of as many as 16.7 billion US dollars last year; mainland turns out to be the largest trade surplus source of Taiwan.

Last year Taiwan achieved a foreign trade surplus of over 10.9 billion dollars. When a deduction is made of Taiwan's trade surplus from mainland Taiwan would be left with a deficit of 5 billion US dollars.

Officials with Taiwan economic department acknowledged that cross-Straits trade is of crucial importance for Taiwan's economy. "Three direct links of trade, post, and air services across Taiwan Straits" are conducive to cut trade costs by Taiwan and raise of competitive force by its export and this has also helped Taiwan raise the competitiveness of its products on the mainland and international markets. "Three links" are generally recognized as beneficial to Taiwan.


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	Cross-Straits trade has given Taiwan a surplus of as many as 16.7 billion US dollars last year; mainland turns out to be the largest trade surplus source of Taiwan.




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