Taiwan sizing up proposed investment pact with Canada
Central News Agency
2014-01-17 11:17 PM
Taipei, Jan. 17 (CNA) Vice Economics Minister Francis Liang said Friday that Taiwan is evaluating a possible bilateral investment pact with Canada that could have both direct and indirect benefits for Taiwan. Liang said such a pact would cover such issues as "investment encouragement," "investment protection" and "investment liberalization," and that the evaluation was focused on the consequences of the investment opening. According to Ministry of Economic Affairs (MOEA) officials, the signing of a Taiwan-Canada investment agreement would directly stimulate bilateral trade by establishing conditions that surpass standard World Trade Organization treatment. It would also indirectly help Taiwan's bid to join the Trans-Pacific Partnership (TPP), which is currently under negotiation, by showing the world its determination to seek a more liberalized economic environment, the officials said. Liang talked about the ongoing evaluation of a possible deal after the MOEA announced earlier in the day that Taiwan will open its doors to the import of Canadian bone-in beef and other specified products from cattle under 30 months of age. The ministry also announced that Taiwan will sign a double taxation avoidance agreement with Canada in the near future and expressed its hope that the two countries will start talks on the proposed investment pact this year. (By Huang Chiao-wen and Elizabeth Hsu)
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