Natural Resources
Natural resources on the islands include small deposits of gold, copper, coal, natural gas, limestone, marble, and asbestos. The island is 55% forest and woodland (mostly on the mountains) and 24% arable land (mostly on the plains), with 15% going to other purposes. 5% is permanent pasture and 1% is permanent crops.
Because of the intensive exploitation throughout Taiwan's pre-modern and modern history, the island's mineral resources (e.g. coal, gold, marble), as well as wild animal reserves (e.g. deer), have been virtually exhausted. Moreover, much of its forestry resources, especially firs were harvested during Japanese rule for the construction of shrines and have only recovered slightly since then. To this day, forests do not contribute to significant timber production mainly because of concerns about production costs and environmental regulations.
Camphor extraction and sugarcane refining played an important role in Taiwan's exportation from the late 19th century through the first half of the 20th century. The importance of these industries subsequently declined not because of the exhaustion of related natural resources but mainly due to the decline of international demand.
The few natural resources with significant economic value remaining in Taiwan are essentially agriculture-associated. Domestic agriculture (rice being the dominant kind of crop) and fisheries retain importance to a certain degree, but they have been greatly challenged by foreign imports since Taiwan's accession to the World Trade Organization in 2001. Consequently, upon the decline of subsistent importance, Taiwan's agriculture now relies heavily on the marketing and exportation of certain kinds of specialty fruits, such as banana, guava, lychee, wax apple, and high-mountain tea.
Read more about this topic: Geography Of Taiwan
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