112 mainland companies granted investment approval in Taiwan
The overseas edition of People's Daily cited a local media report in Taiwan on Wednesday saying that as of the end of January 2011, 112 companies based in the Chinese mainland had received approval from China's Taiwan to invest a total value of 4.3 billion Taiwan dollars in Taiwan.
Besides that, there were 445 investment projects in Taiwan launched by Taiwan-funded businesses on the mainland, which amounted to 117.4 billion Taiwan dollars.
From Jan. 1 to Jan. 15 2011, major applications for preferential tariffs for Taiwan exports to the mainland under the Economic Cooperation Framework Agreement (ECFA) were for petroleum chemical products and machinery, which are worth 3.2 billion Taiwan dollars and 500 million Taiwan dollars, respectively.
Applications for tariff reduction for mainland exports to Taiwan are focused on 8.8 million Taiwan dollars of machinery and 6.8 million Taiwan dollars of acid dyes.
The ECFA was signed in 2010 to promote cross-strait economic and trade exchanges and cooperation.
By Li Jia, Peoples Daily Online
Besides that, there were 445 investment projects in Taiwan launched by Taiwan-funded businesses on the mainland, which amounted to 117.4 billion Taiwan dollars.
From Jan. 1 to Jan. 15 2011, major applications for preferential tariffs for Taiwan exports to the mainland under the Economic Cooperation Framework Agreement (ECFA) were for petroleum chemical products and machinery, which are worth 3.2 billion Taiwan dollars and 500 million Taiwan dollars, respectively.
Applications for tariff reduction for mainland exports to Taiwan are focused on 8.8 million Taiwan dollars of machinery and 6.8 million Taiwan dollars of acid dyes.
The ECFA was signed in 2010 to promote cross-strait economic and trade exchanges and cooperation.
By Li Jia, Peoples Daily Online
Comments