By: Chen Cheng-wei and Romulo Huang
Taipei, May 25 (CNA) Minister Chen Tain-jy (陳添枝), head of the National Development Council (NDC), said Wednesday that his council has been planning to establish a national trade and investment company by the end of this year, as part of the nation’s efforts to promote overseas markets.
The projected national trade and investment firm will have a total capital of NT$10 billion (US$307 million), of which the government’s investment will be less than 50 percent, Chen told a press conference.
He added, however, that the government will enjoy a “certain level of control” on the company’s operations, which will be run as a private enterprise. [FULL STORY]