Ten foreign, Chinese and local firms will sign letters of intent for investment in Taiwan at a business summit in Taipei this month in a bid to take advantage of the promising outlook under the Economic Cooperation Framework Agreement (ECFA), the Ministry of Economic Affairs said yesterday.
More than 500 representatives of domestic, Chinese and foreign businesses from around the world will take part in the investment summit that will be held on Sept. 21, the ministry said.
Minister of Economic Affairs Shih Yen-shiang (施顏祥), who will preside over the summit, will discuss with participants the business opportunities that are expected to emerge from the ECFA that Taiwan and China signed on June 29, which is scheduled to take effect later this month.
The 10 firms that are expected to sign letters of intent will either set up research and development centers in Taiwan or invest in local enterprises, the officials said.
Taiwan, with its strategic location as a transportation hub in Asia-Pacific and with the ECFA in place, is poised to benefit from China’s development, prompting many foreign businesses to seek investment opportunities in Taiwan, the officials said.
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