Postage stamps and postal history of Taiwan Postage stamps and postal history of Taiwan This is a survey of the postage stamps and postal history of Taiwan, otherwise known as Formosa, and currently governed by the Republic of China. The Republic of China comprises the islands of Taiwan, Penghu, Kinmen, Matsu, and other minor islands, which are located off the east coast of mainland China. Neighboring states include the People's Republic of China to the west, Japan to the north-east, and the Philippines to the south. In 1886 Taiwan was upgraded from a prefecture to a province. A postal service was organised by Governor Liu Mingchuan, and
Economy of Taiwan as in mainland China and Vietnam, Taiwan's future development will have to rely on further transformation to a high technology and service-oriented economy. In recent years, Taiwan has successfully diversified its trade markets, cutting its share of exports to the United States from 49% in 1984 to 20% in 2002. Taiwan's dependence on the United States should continue to decrease as its exports to Southeast Asia and mainland China grow and its efforts to develop European markets produce results. Taiwan's accession to the WTO and its desire to become an Asia-Pacific "regional operations center" are spurring further economic liberalization. Taiwan