Write a note on growth of exports of ‘Taiwan’.
Taiwan is characterized as one of the Newly industrialized economy in the wake of the Ten Major Construction Projects since 1970's. Since 1990's, the economy of Taiwan has adopted economic liberalization with the successive regulatory reforms. London Metal Exchange, the largest metal stock exchange in the world, approved Kaohsiung, Taiwan as a good delivery point for primary aluminium, aluminium alloy, copper, lead, nickel, tin and zinc and as the LME’s ninth location in Asia on 17 June 2013, for future contracts on metals and industrial production of the global integration of the economy of Taiwan.The economy of Taiwan has the world's highest modern convenience store concentration density. The Indirect tax system of the economy of Taiwan comprises Gross Business Receipts Tax (GBRT) (Gross receipts tax) and Value-added tax. The economy of Taiwan is ranked 15th overall in the Global Top 20 Top Destination Cities by International Overnight Visitors (2014) by the MasterCard 2014 Global Destination
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