TAIPEI, Taiwan--(BUSINESS WIRE)--The "cross-strait" Economic Cooperation Framework Agreement (ECFA) between Taiwan and mainland China came into effect in September 2010. In the new era that ECFA has ushered in, Taiwan will be working actively to promote the 12 "i-Taiwan" key public construction projects, and to develop the "Ten Major Service Industries," the "Six Key Emerging Industries" and the "Four Major Knowledge-intensive Industries." In addition, Taiwan has established the InvesTaiwan Service Center to provide a unified, "one-stop-shopping" contact window that can assist overseas companies and businesspeople that are planning to invest in Taiwan with their consulting needs, help them to get in touch with relevant government agencies and local government authorities, and provide assistance with getting settled in Taiwan, etc. With the normalization of economic and trading relations between Taiwan and mainland China, Taiwan is ideally placed to serve as mainland Chinese companies' gateway to global markets.

Following the relaxation of the restrictions on mainland Chinese investment in Taiwan which came into effect in June 2009, by the end of September 2010 a total of 86 mainland Chinese investment projects had already been announced, involving total investment of around US$125 million. Most of this investment was concentrated in the computer, electronics and optoelectronics manufacturing industries; other industries that received mainland Chinese investment included the information, communications and broadcasting sector, wholesaling and retailing, restaurant operation, the transportation, warehousing and logistics industry, etc.

Taiwanese enterprises possess a strong entrepreneurial spirit, extensive contacts with leading international corporations, the capabilities needed for successful globalization, and a wealth of experience; they also have the ability to develop and commercialize new products very rapidly. If business enterprises on both sides of the Taiwan Strait can collaborate should produce major benefits for all concerned.

The synergy being created by mainland Chinese investment in Taiwan includes better matching of supply and demand for funding, increased ability of investment targets to influence the parent company or business group, and the two-way flow of know-how and technology. In the future, mainland Chinese companies will be able to use Taiwan as a springboard for expanding into global markets, while at the same time the ability of mainland Chinese and Taiwanese industry to complement one another by filling gaps in the supply chain will lead to the emergence of new types of industry cluster. Taiwan has already opened up its markets to mainland Chinese investment in 204 areas. For more information about investing in Taiwan, visit the InvesTaiwan website at http://investtaiwan.org

Contacts

Department of Investment Services, Ministry of Economic Affairs, R.O.C
Snow Tsao, +886-2-2389-2111 ext. 613
cctsao@moea.gov.tw