Non-profit science and technology organizations will be allowed to relocate part of their operations to China and to make investments in private companies to help accelerate the globalization of domestic industries.
The Legislative Yuan's Committee of Sci-tech and Information Affairs passed a budget plan of NT$18.6 billion (US$547 million) yesterday to be used by the Department of Industrial Technology under the Ministry of Economic Affairs in financing special projects in sci-tech research and development for next year.
The committee also passed a supplementary resolution calling for permits to be granted to non-profit sci-tech research and development organizations, such as the Industrial Technology Research Institute (工研院) and the Institute for Information Industry (資策會), to partially relocate to China, exchange representative offices with their Chinese counterparts or make investments in private corporations to expedite domestic industries' globalization.
The liberalization policy -- crafted given that the government has been making little headway in pushing for new markets in China or collecting marketing information from within China -- is based on the condition that Taiwan's industrial technologies are not siphoned off to China, committee members said.
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