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Taiwan Promises More Economic Liberalization
After publishing a “Taiwan white paper” by the United States, Taiwan sees further economic reforms towards according to Council for economic planning and development (EDPS) will improve further the administrative framework of Taiwan’s the Government of the Republic of China, to advance trade liberalization and to pave the way in terms of accession to regional trade pacts such as the trans partnership (TPP). The Government is in regard to the preparation of accession to the TPP nothing leave no stone unturned”, so EDPS Minister Kuan Chung – ming. Key indicators are the strengthening of the position of our nation in the regional trade. a trade liberalization and internationalization of the economy” Kuan comments relate to the publication of the latest Taiwan white paper”the American Chamber of Commerce in Taipei. In the document the is proposal of the Government, to strengthen the local investment climate, to take part in regional trade groupings and to ensure that you Energy needs is still coming. The Minister said that the free economic zones initiative is an important component in terms of the intention of the Government participate in the TPP.
Currently this free economic zones project includes five Taiwanese free trade ports – Keelung, Kaohsiung, Su-ao, Taichung and Taipei, as well the Taiwan Taoyuan International Airport”- a. The first phase is to begin in July, while you would expect the adoption of free economic zones Bill through the legislature in the context of the second phase. Once everything has been started and is running, we expect, that the free economic zones initiative will unleash a steady flow of capital, goods, information and professionals in Taiwan,”Kuan said. We believe also that the resulting free business environment will attract more expatriates of the Republic of China, which at the same time bring home their international businesses.” The Government was also obliged the membership of Taiwan in the To secure, so Kuan TPP. We are working to reach a consensus in the market liberalisation with local industrial sectors”, said Kuan, adding that close cooperation between the public and private actors takes place with the aim of improving the local investment environment. It no effort will refrain from work to the industry in terms of the benefits of easing the law regulations to inform and our willingness to signal, hand in hand with them to solve potentially emerging challenges “, he said. We hope also that the United States Taiwan will support and help our nation in joining international trade pacts continue to mutually benefit from it.”