THE ANALYSIS OF TRADE RELATIONS BETWEEN TAIWÁN WITH THE COUNTRIES OF THE NORTHERN TRIANGLE OF CENTRAL AMERICA

Abstract

This research paper pretends to present a broad view about the commercial relations of Honduras, El Salvador and Guatemala (Northern Triangle of Central America) along with the Chinese Republic (Taiwan) under the premise of economic and social impact that these commercial relations have crat in the inhabitants of the signatory countries through statistic data of exportation and importation as well as analyzing the economic nature of Taiwan.

The international trade has taken a rise in all the countries around the world in the last 30 years, mainly by the increase of volume of trade of products between countries of the hemisphere and the tendencies of a global economic system oriented towards a market economy boosted essentially by capitalism. These factors increase the possibilities of the countries to have access to those goods and services that are not created within their territory or that in the case of creating them have a high cost in contrast with others, this applying the international division of labor which primarily models the productive characteristics that prompted the trade in the past.