The island of Taiwan (Formosa) was ceded to Japan by China by the Treaty of Shimonoseki on 8 May 1895. After the Second World War the island was surrendered to Gen. Chiang Kai-shek in Sept. 1945 and was placed under Chinese administration on 25 Oct. 1945. USA broke off diplomatic relations with Taiwan on 1 Jan. 1979 on establishing diplomatic relations with the Peking Government. Relations between the USA and Taiwan are maintained through the American Institute on Taiwan and the Co-ordination Council for North American Affairs in the USA, set up in 1979 and accorded diplomatic status in Oct. 1980.
KeywordsCommercial Bank Credit Union Democratic Progressive Party Diplomatic Relation Foreign Economic Relation
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