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Strategies & Market Trends : Greater China Stocks

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To: Julius Wong who wrote (7324)	12/10/2010 11:50:16 PM
From: pcyhuang	Read Replies (1) of 8334

Cross-Strait Investment Protection Pact Put on Hold A lack of consensus could see Taipei and Beijing put a hold on the inking of a planned investment protection agreement during the upcoming cross-strait talks slated for later this month. In a joint news conference by the Cabinet-level Mainland Affairs Council and Ministry of Economic Affairs Dec. 6, officials said the two sides have yet to reach common ground on several issues relating to investment protection. MOEA Deputy Minister Francis Liang said upholding the rights of Taiwanese is the highest principle in any cross-strait negotiations. The delay only means that both sides need more time to work out an agreement that will have a far-reaching impact, he added. “It doesn’t necessarily mean the two sides have difficulties communicating with each other.” The issues pending mutual consent include extending the proposed protection to Taiwanese firms investing in mainland China through a third location, free cross-strait transfer of capital and investment gains as well as compensation for losses to Taiwanese-owned assets resulting from wars, riots and expropriation by the mainland Chinese government. In particular, Taipei has insisted on the inclusion of an arbitration clause in the pact, and proposed the World Bank, World Trade Organization or International Chamber of Commerce as the dispute resolution body. None of these entities appears acceptable to mainland China. Mainland China, for its part, insisted on more regulatory easing from the Taiwan government in granting most-favored-nation treatment to mainland investors in the spirit of the World Trade Organization. Despite the disagreements, both sides will continue to exchange ideas to pave the way for future negotiations, the officials said. Source: taiwantoday.tw

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