Treaty of Taipei
Subsequently, the Treaty of Taipei was concluded between the ROC and Japan on 28 April 1952 (effective 5 August), where Japan essentially re-affirmed the terms of the San Francisco Peace Treaty, and formalized the peace between the ROC and Japan. It also nullified all previous treaties made between China and Japan. Article 10 of the treaty specifies:"For the purposes of the present Treaty, nationals of the Republic of China shall be deemed to include all the inhabitants and former inhabitants of Taiwan (Formosa) and Penghu (the Pescadores) and their descendants who are of the Chinese nationality in accordance with the laws and regulations which have been or may hereafter be enforced by the Republic of China in Taiwan (Formosa) and Penghu (the Pescadores)." However, the ROC Minister of Foreign Affairs George Kung-ch'ao Yeh told the Legislative Yuan after signing the treaty that: "The delicate international situation makes it that they [Taiwan and Penghu] do not belong to us. Under present circumstances, Japan has no right to transfer [Taiwan] to us; nor can we accept such a transfer from Japan even if she so wishes." In July 1971 the U.S. State Department's position was, and remains: "As Taiwan and the Pescadores are not covered by any existing international disposition, sovereignty over the area is an unsettled question subject to future international resolution."