Taiwan signs historic pact with Japan

Investors from Taiwan and Japan could expect to be treated as nationals on the other country’s ground, beginning yesterday, as an investment pact between the two, which symbolizes a big step in the Taiwan-Japan relationship, was officially signed in Taipei.

The Arrangement Between Association of East Asian Relations and Interchange Association for the Liberalization, Promotion and Protection of Investment (亞東關係協會與財團法人交流協會有關投資自由化, 促進及保護協議) signed by Taiwan’s East Asian Relations Commission Chairman Peng Run-tsu (彭榮次) and the Japan Interchange Association (JIA) Chairman Mitsuo Ohashi (大橋光夫) at the Ambassador Hotel in downtown Taipei, yesterday, marks the beginning of the “most favored nation” treatment Taiwan and Japan would grant each other’s investors, and is widely regarded as a symbol of progress in bilateral ties between the trade partnership.

Under the new investment pact, companies of the two countries will be able to export capital and utilize it at their discretion, without any requirements to use a certain sum on domestic material or components.

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