• Short Summary

    After the 10% devaluation of the US dollar earlier this year, Taiwan revalued its dollar upwards by five per cent to soften the blow to its international commerce.

  • Description

    After the 10% devaluation of the US dollar earlier this year, Taiwan revalued its dollar upwards by five per cent to soften the blow to its international commerce.

    Taiwanese businessmen are optimistic they can continue doing well by selling to America.

    The balance of trade between the two countries has been in Taiwan's favour for the past four years. Taiwan ranks fifteenth among the nations that trade with the United States, and the government hopes to improve its position to sixth or seventh by 1976.

    Textiles remain Taiwan's leading international export, accounting for one-third of her total. Electrical machines and appliances are the second biggest international export, and a drive is one to improve productively in this field by five per cent. By increasing production the Taiwanese hope to continue their advantageous trade relations with America.

    SYNOPSIS: The Taiwan government is optimistic it can continue its advantageous trade relations with the United States in spite of the devaluation of the American dollar. Taiwan already supplies 70 per cent of the black and white television sets sold in America.

    For the past four years the balance of trade between the two countries has been in Taiwan's favour. Electrical machines and appliances are Taiwan's second biggest export.

    The industry hopes to increase its productivity and offset the disadvantages from dollar devaluation.

    Under Premier Chiang Ching-Kuo, Taiwan last year balanced her budget for the first time in twenty years and in fact ended up with a 50 million US dollar (GBP 20 million) surplus.

    Textiles remain Taiwan's leading export, accounting for one-third of the export total. Taiwan trades mainly with the United States and Japan, but the Taiwan government recently decided to buy more from the United States and less from Japan, which should help the American balance of trade.

    As this official film shows, the distinctive fashions of Taiwan's clothing trade have helped boost the country's commerce with America ten fold in as many years. The Taiwan government is forecasting even greater increases.

  • Tags

  • Data

    Film ID:
    VLVA3ZVLEEMDN6WLU3AMJRQMYMSNO
    Media URN:
    VLVA3ZVLEEMDN6WLU3AMJRQMYMSNO
    Group:
    Reuters - Source to be Verified
    Archive:
    Reuters
    Issue Date:
    10/07/1973
    Sound:
    Unknown
    HD Format:
    Available on request
    Stock:
    Colour
    Duration:
    00:01:22:00
    Time in/Out:
    /
    Canister:
    N/A

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