Keep Us Strong WikiLeaks logo

Currently released so far... 97115 / 251,287

Articles

Browse latest releases

Browse by creation date

Browse by origin

A B C D F G H I J K L M N O P Q R S T U V W Y Z

Browse by tag

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
ETRD EAGR ETTC EAID ECON EFIN ECIN EINV ELAB EAIR ENRG EPET EWWT ECPS EIND EMIN ELTN EC ETMIN EUC EZ ET ELECTIONS ENVR EU EUN EG EINT ER ECONOMICS ES EMS ENIV EEB EN ECE ECOSOC EK ENVIRONMENT EFIS EI EWT ENGRD ECPSN EXIM EIAD ERIN ECPC EDEV ENGY ECTRD EPA ESTH ECCT EINVECON ENGR ERTD EUR EAP EWWC ELTD EL EXIMOPIC EXTERNAL ETRDEC ESCAP ECO EGAD ELNT ECONOMIC ENV ETRN EIAR EUMEM ENRGPARMOTRASENVKGHGPGOVECONTSPLEAID EREL ECOM ECONETRDEAGRJA ETCC ETRG ECONOMY EMED ETR ENERG EITC EFINOECD EURM EENG ERA EXPORT ENRD ECONEINVETRDEFINELABETRDKTDBPGOVOPIC EGEN EBRD EVIN ETRAD ECOWAS EFTA ECONETRDBESPAR EGOVSY EPIN EID ECONENRG EDRC ESENV ETT EB ENER ELTNSNAR ECHEVARRIA ETRC EPIT EDUC ESA EFI ENRGY ESCI EE EAIDXMXAXBXFFR EETC ECIP EIAID EIVN EBEXP ESTN EING EGOV ETRA EPETEIND ELAN ETRDGK EAIDRW ETRDEINVECINPGOVCS EPEC ENVI ELN EAG EPCS EPRT EPTED ETRB EUM EAIDS EFIC EFINECONEAIDUNGAGM EAIDAR ESF EIDN ELAM EDU EV EAIDAF ECN EDA EXBS EINTECPS ENRGTRGYETRDBEXPBTIOSZ EPREL EAC EINVEFIN ETA EAGER EINDIR ECA ECLAC ELAP EITI EUCOM ECONEFINETRDPGOVEAGRPTERKTFNKCRMEAID EARG ELDIN EINVKSCA ENNP EFINECONCS EFINTS ECCP ETC EAIRASECCASCID EINN ETRP EAIDNI EFQ ECOQKPKO EGPHUM EBUD ECONEINVEFINPGOVIZ ENERGY ELB EINDETRD EMI ECONEFIN EIB EURN ETRDEINVTINTCS EIN EFIM ETIO ELAINE EMN EATO EWTR EIPR EINVETC ETTD ETDR EIQ ECONCS EPPD ENRGIZ EISL ESPINOSA ELEC EAIG ESLCO EUREM ENTG ERD EINVECONSENVCSJA EEPET EUNCH ECINECONCS ETRO ETRDECONWTOCS ECUN EFND EPECO EAIRECONRP ERGR ETRDPGOV ECPN ENRGMO EPWR EET EAIS EAGRE EDUARDO EAGRRP EAIDPHUMPRELUG EICN ECONQH EVN EGHG ELBR EINF EAIDHO EENV ETEX ERNG ED
KMDR KPAO KPKO KJUS KCRM KGHG KFRD KWMN KDEM KTFN KHIV KGIC KIDE KSCA KNNP KHUM KIPR KSUM KISL KIRF KCOR KRCM KPAL KWBG KN KS KOMC KSEP KFLU KPWR KTIA KSEO KMPI KHLS KICC KSTH KMCA KVPR KPRM KE KU KZ KFLO KSAF KTIP KTEX KBCT KOCI KOLY KOR KAWC KACT KUNR KTDB KSTC KLIG KSKN KNN KCFE KCIP KGHA KHDP KPOW KUNC KDRL KV KPREL KCRS KPOL KRVC KRIM KGIT KWIR KT KIRC KOMO KRFD KUWAIT KG KFIN KSCI KTFIN KFTN KGOV KPRV KSAC KGIV KCRIM KPIR KSOC KBIO KW KGLB KMWN KPO KFSC KSEAO KSTCPL KSI KPRP KREC KFPC KUNH KCSA KMRS KNDP KR KICCPUR KPPAO KCSY KTBT KCIS KNEP KFRDCVISCMGTCASCKOCIASECPHUMSMIGEG KNNB KGCC KINR KPOP KMFO KENV KNAR KVIR KDRG KDMR KFCE KNAO KDEN KGCN KICA KIMMITT KMCC KLFU KMSG KSEC KUM KCUL KMNP KSMT KCOM KOMCSG KSPR KPMI KRAD KIND KCRP KAUST KWAWC KTER KCHG KRDP KPAS KITA KTSC KPAOPREL KWGB KIRP KJUST KMIG KLAB KTFR KSEI KSTT KAPO KSTS KLSO KWNN KPOA KHSA KNPP KPAONZ KBTS KWWW KY KJRE KPAOKMDRKE KCRCM KSCS KWMNCI KESO KWUN KPLS KIIP KEDEM KPAOY KRIF KGICKS KREF KTRD KFRDSOCIRO KTAO KJU KWMNPHUMPRELKPAOZW KEN KO KNEI KEMR KKIV KEAI KWAC KRCIM KWCI KFIU KWIC KCORR KOMS KNNO KPAI KBWG KTTB KTBD KTIALG KILS KFEM KTDM KESS KNUC KPA KOMCCO KCEM KRCS KWBGSY KNPPIS KNNPMNUC KWN KERG KLTN KALM KCCP KSUMPHUM KREL KGH KLIP KTLA KAWK KWMM KVRP KVRC KAID KSLG KDEMK KX KIF KNPR KCFC KFTFN KTFM KPDD KCERS KMOC KDEMAF KMEPI KEMS KDRM KEPREL KBTR KEDU KNP KIRL KNNR KMPT KISLPINR KTPN KA KJUSTH KPIN KDEV KTDD KAKA KFRP KWNM KTSD KINL KJUSKUNR KWWMN KECF KWBC KPRO KVBL KOM KFRDKIRFCVISCMGTKOCIASECPHUMSMIGEG KEDM KFLD KLPM KRGY KNNF KICR KIFR KM KWMNCS KAWS KLAP KPAK KDDG KCGC KID KNSD KMPF KPFO KDP KCMR KRMS KNPT KNNNP KTIAPARM KDTB KNUP KPGOV KNAP KNNC KUK KSRE KREISLER KIVP KQ KTIAEUN KPALAOIS KRM KISLAO KWM KFLOA
PHUM PINR PTER PGOV PREL PREF PL PM PHSA PE PARM PINS PK PUNE PO PALESTINIAN PU PBTS PROP PTBS POL POLI PA PGOVZI POLMIL POLITICAL PARTIES POLM PD POLITICS POLICY PAS PMIL PINT PNAT PV PKO PPOL PERSONS PING PBIO PH PETR PARMS PRES PCON PETERS PRELBR PT PLAB PP PAK PDEM PKPA PSOCI PF PLO PTERM PJUS PSOE PELOSI PROPERTY PGOVPREL PARP PRL PNIR PHUMKPAL PG PREZ PGIC PBOV PAO PKK PROV PHSAK PHUMPREL PROTECTION PGOVBL PSI PRELPK PGOVENRG PUM PRELKPKO PATTY PSOC PRIVATIZATION PRELSP PGOVEAIDUKNOSWGMHUCANLLHFRSPITNZ PMIG PREC PAIGH PROG PSHA PARK PETER POG PHUS PPREL PS PTERPREL PRELPGOV POV PKPO PGOVECON POUS PGOVPRELPHUMPREFSMIGELABEAIDKCRMKWMN PWBG PMAR PREM PAR PNR PRELPGOVEAIDECONEINVBEXPSCULOIIPBTIO PARMIR PGOVGM PHUH PARTM PN PRE PTE PY POLUN PPEL PDOV PGOVSOCI PIRF PGOVPM PBST PRELEVU PGOR PBTSRU PRM PRELKPAOIZ PGVO PERL PGOC PAGR PMIN PHUMR PVIP PPD PGV PRAM PINL PKPAL PTERE PGOF PINO PHAS PODC PRHUM PHUMA PREO PPA PEPFAR PGO PRGOV PAC PRESL PORG PKFK PEPR PRELP PREFA PNG PGOVPHUMKPAO PRELECON PINOCHET PFOR PGOVLO PHUMBA PRELC PREK PHUME PHJM POLINT PGOVPZ PGOVKCRM PGOVE PHALANAGE PARTY PECON PEACE PROCESS PLN PRELSW PAHO PEDRO PRELA PASS PPAO PGPV PNUM PCUL PGGV PSA PGOVSMIGKCRMKWMNPHUMCVISKFRDCA PGIV PRFE POGOV PEL PBT PAMQ PINF PSEPC POSTS PHUMPGOV PVOV PHSAPREL PROLIFERATION PENA PRELTBIOBA PIN PRELL PGOVPTER PHAM PHYTRP PTEL PTERPGOV PHARM PROTESTS PRELAF PKBL PRELKPAO PKNP PARMP PHUML PFOV PERM PUOS PRELGOV PHUMPTER PARAGRAPH PERURENA PBTSEWWT PCI PETROL PINSO PINSCE PQL PEREZ PBS

Browse by classification

Community resources

courage is contagious

Viewing cable 04TAIPEI3991, Taiwan Economic Review for November 2004

If you are new to these pages, please read an introduction on the structure of a cable as well as how to discuss them with others. See also the FAQs

Understanding cables
Every cable message consists of three parts:
  • The top box shows each cables unique reference number, when and by whom it originally was sent, and what its initial classification was.
  • The middle box contains the header information that is associated with the cable. It includes information about the receiver(s) as well as a general subject.
  • The bottom box presents the body of the cable. The opening can contain a more specific subject, references to other cables (browse by origin to find them) or additional comment. This is followed by the main contents of the cable: a summary, a collection of specific topics and a comment section.
To understand the justification used for the classification of each cable, please use this WikiSource article as reference.

Discussing cables
If you find meaningful or important information in a cable, please link directly to its unique reference number. Linking to a specific paragraph in the body of a cable is also possible by copying the appropriate link (to be found at theparagraph symbol). Please mark messages for social networking services like Twitter with the hash tags #cablegate and a hash containing the reference ID e.g. #04TAIPEI3991.
Reference ID Created Released Classification Origin
04TAIPEI3991 2004-12-16 03:49 2011-08-23 00:00 UNCLASSIFIED American Institute Taiwan, Taipei
This record is a partial extract of the original cable. The full text of the original cable is not available.
UNCLAS SECTION 01 OF 03 TAIPEI 003991 
 
SIPDIS 
 
STATE PLEASE PASS AIT/W AND USTR 
 
STATE FOR EAP/RSP/TC, EAP/EP AND EB/IFD/OIA 
 
USTR FOR SCOTT KI 
 
USDOC FOR 4420/USFCS/OCEA/EAP/LDROKER 
USDOC FOR 3132/USFCS/OIO/EAP/ADAVENPORT 
TREASURY FOR OASIA/ZELIKOW AND WISNER 
TREASURY PLEASE PASS TO OCC/AMCMAHON 
TREASURY ALSO PASS TO FEDERAL RESERVE/BOARD OF 
GOVERNORS, AND SAN FRANCISCO FRB/TERESA CURRAN 
 
E.O. 12958: N/A 
TAGS: EINV EFIN ECON TW
SUBJECT: Taiwan Economic Review for November 2004 
 
 
1.  This cable summarizes selected economic events in Taiwan 
in November 2004: 
 
- S&P Rating 
 
- China-ASEAN FTA 
 
- Economic Performance 
 
- WTO 
 
- Cross-Strait Economic Normalization 
 
- Environment 
 
S&P Downgrades Taiwan's Debt Outlook 
------------------------------------ 
 
2.  At the end of November Standard & Poor's downgraded the 
its outlook for Taiwan's debt from "stable" to "negative." 
The rating on the debt remains at AA-, but S&P changed its 
outlook based on a growing budget deficit and increased 
cross-Strait tension.  Taiwan officials reacted quickly to 
express continued confidence despite the downgrade. 
Taiwan's debt rating remains second only to Singapore in 
Asia, higher than South Korea and Hong Kong and four steps 
above China.  Earlier in November, Morgan Stanley increased 
its weighting for Taiwan as a destination for investment 
funds, and its well-connected office manager called the 
Standard & Poor announcement "a non-event." 
 
Impact of China-ASEAN FTA on Taiwan 
----------------------------------- 
3.  The November 29, 2004 announcement that China and 10 
Association of Southeast Asian Nations (ASEAN) member 
countries signed a free trade agreement (FTA) fueled local 
concerns about Taiwan being marginalized politically as well 
as economically.  In response, both Minister of Economic 
Affairs Ho Mei-yueh and Council for Economic Planning and 
Developments Vice Chairman Yeh Ming-feng quickly issued 
statements downplaying the short-term importance of the 
agreement.  Ho noted that there were still many difficulties 
for China and ASEAN to overcome before they could achieve 
free trade.  Yeh noted Taiwan's sound economic fundamentals 
and strength in international trade and investment as 
reasons Taiwan would not be ignored.  Kung Ming-hsin, the 
Director of Mainland Affairs Division at Taiwan Institute of 
Economic Research, said that the type and scale of 
production in Taiwan is different from that of China and 
ASEAN, and the short-term economic impact on Taiwan would be 
slight. 
Economic Performance Thru October 2004 
-------------------------------------- 
 
4.  According to official forecasts released in November, 
Taiwan's economic growth is expected to slow from 7.3 
percent in the first half to 4.7 percent in the second half 
of 2004 and drop further to 4.5 percent in the second half 
of 2005.  The slowdown follows declines in the growth of 
exports, industrial production, and private investment. 
Factors behind the economic slowdown include lower U.S. 
demand for Taiwan's exports and higher oil prices.  Export 
orders continue to grow, albeit at a slower rate than 
earlier in the year, but Taiwan's overseas production bases 
in China now fill a large share of these orders. 
WTO 
--- 
 
5. At the APEC Ministerial Meeting in Santiago, Chile on 
November 19 Taiwan Economic Minister Ho Mei-yueh and her 
Russian counterpart completed bilateral negotiations on 
Russia's WTO accession.  In the first eight months of 2004, 
the two-way trade between Taiwan and Russia amounted to 1.93 
billion US dollars, exceeding the 2003 total for the entire 
year.  In 2003, the two-way trade totaled 1.61 billion US 
dollars, 35.7 percent growth over 2002 and 5.9 percent of 
Taiwan's total external trade. 
 
6. Taiwan's representative office in Geneva filed a motion 
with the WTO Dispute Settlement Body (DSB) on November 18 
against India's anti-dumping tariffs on seven Taiwan 
products.  Jeremy Shen, Director of the Multilateral Trade 
Affairs Division in the Ministry of Economic Affairs (MOEA), 
claimed that the Indian government did not conduct any 
investigation prior to levying the tariffs and that the 
tariffs were unfair and unjustified.  This is the first time 
Taiwan has used the WTO DSB mechanism. 
 
PRC Blocks Cross-Strait Investment 
---------------------------------- 
 
7.  In late November 2004, the Mainland Affairs Council 
(MAC) announced a plan to permit securities firms to set up 
subsidiaries in China. The plan set a minimum capital 
requirement of NT$7 billion, a minimum capital adequacy 
ratio of 200% and stipulated that the investment in China 
may not exceed 10% of the net worth of the securities firm. 
Sixteen securities firms met these requirements and were 
deemed qualified for investment in China.  China requires 
economies to sign a memorandum of understanding (MOU) before 
allowing that economy to invest in China's securities firms. 
Such an MOU between Taiwan and China is unlikely.  China is 
therefore unlikely to allow Taiwan securities firms to 
establish subsidiaries in China. 
 
Environmental 
------------- 
 
8.  At the annual International Commission on the 
Conservation of Atlantic Tuna (ICCAT) meeting in New Orleans 
(Nov 14-21), ICCAT warned that Taiwan needed to improve its 
adherence to fishing allocations next year, or risk losing 
its "cooperating non-contracting party" status.  Taiwan's 
Deputy Administrator James Sha who attended the meeting 
agreed that his fleet had a problem and set out a multi-year 
payback scheme, whereby Chinese Taipei would harvest fewer 
bigeye tuna than its share, in order to pay back its 
overharvest. 
 
9.  AIT ESTOFF attended theThe American Institute in Taiwan 
and the Taiwan Economic and Cultural Office held  AIT/TECRO 
technical environmental talks in San Francisco from November 
21-23.  The two sides reviewed Oongoing cooperative projects 
were reviewed and it was agreed to establish criteria for 
deciding on future cooperative projects.  Participants also 
agreed that two priority areas for future cooperation are 
assessing mercury levels in Taiwan's air, food and water and 
analyzing levels of air pollution from the Mmainland. in 
Taiwan were two priority areas for future cooperation. 
KEEGANPAAL