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The Nationalists were defeated by the Communists in the Chinese Civil War. [33]: 125 The ROC government retreated to Taiwan.[33]: 125 In August 1949, the United States suspended the ROC's involvement in the Fulbright Program because the fleeing government was no longer able to make payments on the surplus war material it had purchased from the United States after the end of World War II.
The United States withdraws recognition of the Republic of China and recognizes the People's Republic of China. Four months later, the United States Congress passes the Taiwan Relations Act which establishes unofficial relations. 1980: Hsinchu Science Park founded [117] 1985: Population of Taiwan grows to 19,258,000 [27] 1987: 7 March
TMT Co. Ltd was founded as the Taiwan Maritime Transport Co. Ltd in 1958. The company began by operating in the banana export business. The company’s first boat was named Taiwan Banana in Chinese. It expanded over the years into different sectors and, at one point, had 10% of the world's wood chip carrier capacity. [1]
The US agreed to acknowledge the so-called One China Policy and recognize Taiwan as part of China during the normalization of relations between Washington and Beijing in the 1970s under then ...
In 1987 Taiwan exported 1,755 vessels worth US$190.8 million to the US. During this era more than 100 shipyards and boatbuilders in Taiwan built craft for the export market. Between 1986 and 1992 the New Taiwan Dollar appreciated 58% against the US Dollar which made Taiwanese built yachts significantly less competitive in the US market.
The United States, like most countries, does not have official relations with Taiwan but is its most important international backer, and is required by law to provide the island of 23 million ...
The Taiwan Strait is a major trade route through which about half of global container ships pass, and both the United States and Taiwan say it's an international waterway.
1962: The Cuban Missile Crisis; a major naval confrontation between the United States and the Soviet Union. 1977: Russian icebreaker Arktika makes the first surface voyage to the North Pole. 1982: Falklands War, one of the largest naval campaigns since World War II. 1985: The Sea Shadow (IX-529), an early stealth ship, is launched.