The Ministry of Economic Affairs (MOEA) is scheduled to officially announce Taiwan’s opening to Chinese investment capital on Tuesday, ministry officials said on Thursday.
After lengthy inter-ministerial meetings over the past several months, the MOEA will publish regulations governing Chinese investment in Taiwan, regulations governing Chinese citizens establishing companies or offices in Taiwan, and a tentative list of fields of investment to be opened to Chinese capital.
Economic Affairs Minister Yiin Chii-ming (尹啟銘) has instructed the ministry’s Investment Commission and Industrial Development and Investment Center to be proactive in soliciting Chinese investors, including organizing investment promotion missions to China, the officials said.
They added that major companies in China’s textile, electronics, trading and car manufacturing sectors are set to invest in Taiwan.
In addition to printing investor-soliciting brochures, the MOEA will help increase the number of Chinese investment cases in Taiwan via the recommendations made by business and trade associations, as well as by cooperating with other public agencies and acting on recommendations made by Taiwanese individuals who maintain business operations in China, the officials said.
Meanwhile, Kao Koong-lien (高孔廉), vice chairman and secretary-general of Taiwan’s quasi-official Straits Exchange Foundation, is scheduled to visit northeastern China from next Sunday to July 11 to gain a better understanding of economic development and of Taiwanese business operations there.
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