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Taiwan and Mainland Chinese Will Step Up Cooperation for Five Industries

2011/10/21
Taipei, Oct. 21, 2011 (CENS)--Taiwan and mainland China will focus on LED lighting, TFT-LCD, wireless cities, low-temperature logistics, and electric cars initially for cross-Taiwan Strait industrial cooperation, according to an agreement reached during a meeting between P.K. Chiang, chairman of Straits Exchange Foundation, and Chen Yunlin, chairman of the Association for Relations Across the Taiwan Straits in Tianjin yesterday (Oct. 20).

For TFT-LCD, for instance, Taiwan will urge Taiwanese TFT-LCD makers to cooperate with mainland Chinese suppliers to consolidate their outlets. Task forces will be formed by both sides to facilitate cross-Strait cooperation for the five industries, for the purpose of jointly tapping the mainland Chinese and the global market.

Taiwan intends to resort to cross-Taiwan Strait cooperation to help local TFT-LCD makers cope with the competition from their Korean rivals. Taiwan has allowed mainland Chinese home-appliance brand vendors and manufacturers to buy into local TFT-LCD firms but no such investments have been realized so far. Therefore, Taiwan is considering relaxing related regulations further to increase the attraction for mainland Chinese makers.

Wang Yi, director of the Office of Taiwan Affairs, the State Council, remarked that the consensus for cross-Strait industrial cooperation can allow both sides to supplement their respective merits, thereby facilitating the economic development of both sides.

Straits Exchange Foundation remarked that both sides will hold cross-Strait forums for industrial cooperation regularly, to strengthen exchanges and deepen cooperation, thereby pushing the development of small and medium businesses and increasing job vacancies.

In the next Chiang-Chen meeting, “agreement on investment protection” and “cooperation for customs” will be priority items on the agenda.

(by Philip Liu)
 
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