Taiwan economics minister to discuss issue at Da Nang APEC meet
Taiwan News
Date: 2017/11/01
By: Matthew Strong, Taiwan News, Staff Writer
TAIPEI (Taiwan News) – Taiwan will open talks with the Philippines at this month’s Asia
Taiwan wants to renew BIA with the Philippines. (By Central News Agency)
Pacific Economic Cooperation (APEC) meeting about the renewal of their bilateral investment agreement (BIA), Economics Minister Shen Jong-chin (沈榮津) said Wednesday.
The talks, scheduled for the Vietnamese town of Da Nang November 10-11, form part of the Taiwanese government’s “New Southbound Policy” efforts, the Central News Agency reported.
The original BIA dates back to the 1990s and focused on the manufacturing sector, but Taiwan wants to include the service sector and protection of the rights of Taiwanese business people in the Southeast Asian country, the report said.
Taiwan already has BIAs with eight countries covered by the “New Southbound Policy,” namely India, Vietnam, New Zealand, Indonesia, Thailand, Malaysia, Singapore and the Philippines. [FULL STORY]
