Wed, Aug 27, 2014 - Page 13 News List

NDC mulls pilot zone talks with China

By Camaron Kao  /  Staff reporter

The National Development Council (NDC) yesterday said that it plans to negotiate with China’s financial regulator to allow Taiwanese companies in Kunshan, Jiangsu Province, to use Taiwan’s rising yuan deposits for future investments.

“We have a significant amount of yuan deposits in Taiwan, but currently the money is not yet fully utilized,” council Deputy Minister Kao Shien-quey (高仙桂) said at a forum in Taipei yesterday.

Kao said the issue was brought up by the Financial Supervisory Commission, and both the council and the commission agreed on the issue.

The council hopes to negotiate with officials in China about the proposal in the near future, Kao said.

The council is also considering talking with China about letting Chinese nationals browse Taiwanese e-commerce Web sites when they are in the proposed free economic pilot zones, which would help expand Taiwanese e-commerce companies’ business expansion in China, Kao said.

Meanwhile, she said the council would also propose that China shorten the period for the inspection of ornamental fish imported from Taiwan, or that it conduct inspections in the free economic pilot zones in Taiwan before the fish are exported.

Chinese regulations require ornamental fish from Taiwan to be held for 30 days for examination before they are allowed to enter the market, Kao said.

However, many have died during the quarantine, she said.

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