Author: CHUNG Yoon Ngan
Date: 06-09-12 19:55
Mainland investment to open further in March
By The China Post
March 21, 2012 - 3:40pm http://www.chinadailyapac.com
A third wave of opening of Taiwan's market to the mainland investment will take effect before the end of this month.
The proposal for the new round of opening, which will allow investors from mainland to invest in 161 types of businesses in Taiwan, has entered the legal process and will be completed in one week.
Taiwan’s government will also decide to increase or reduce the numbers of local businesses open to mainland investment based on such assessments when it decides to launch a fourth wave of opening to mainland investment at some point in the future.
Mainland investors will be able to apply for new investment cases related to the 161 types of domestic businesses when the bill takes effect later this month.
From June 2009 to January 2012, the number of approved investment plans reached 217 and the sum of investment was $272 million, while the actual mainland investment totaled $160 million, according to an official reportreleased at the end of last month.