Taiwan's growing trade reliance on China is having a negative impact on the domestic shipping sector, which has increasingly rushed to tap the booming China market and curtailed its links with other parts of the world, according to a government report.
The report by a research panel under the Ministry of Transportation and Communications shows Taiwan's rising trade dependence on China, noting that in 1990, Taiwan's trade with China accounted for only 4.23 percent of total foreign trade.
But the ratio surged to 15.39 percent in 2002, with China absorbing about 23 percent of Taiwan's outbound shipments.
Although Taiwan has significantly expanded its export trade with China, China's reliance on the Taiwan market has not increased, the report indicated.
In 1990, China's trade with Taiwan accounted for 4.47 percent of its total foreign trade, with the ratio peaking at 8.21 percent in 1996 before dropping to 6.03 percent in 2002, according to the report.
At the same time, Hong Kong is playing a bigger role as a transshipment center between the two sides of the Taiwan Strait, with China-bound shipments from Taiwan far out-stripping shipments to Taiwan from China, the shipping report indicated.
In 1998, cross-strait shipments via Hong Kong totaled 3.59 million tonnes, with the figure doubling to 7.281 million tonnes for 2002.
The total volume of China-bound shipments from Taiwan was four times that of Taiwan-bound shipments from China in 2002, according to the minis-try's report.
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