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Essay text:
Website, 2002). Although exports dropped, the subsequent fall in imports, resulted in a trade surplus of USD$9.3 billion, an increase of 102.6%, offsetting much of the effects of the economic downturn. As part of its efforts to improve the investment climate, Taiwan no longer has a list of permitted investments, but maintains a "negative" list of industries closed to foreign investment to maintain security and environmental protection. Liberalization has reduced that list to less than one percent of manufacturing categories and less than five percent of service industries. The latest significant liberalization took place in February of 2003 when alcohol production, agricultural production, fishing, and animal husbandry were opened to foreign investors, although prior approval is still required from the Taiwan authorities...
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