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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (6388)	5/14/2006 9:49:55 AM
From: elmatador	Read Replies (1) \| Respond to of 217822

NT$3 billion'Co-prosperity' project with Taiwan's diplomatic allies in Latin America. The nation's top economic planner said yesterday that a government fund will channel around NT$3 billion this year into an investment project for co-prosperity with Taiwan's diplomatic allies in Latin America. Elmat: More capital spreading more evenly! (12 of the 25 allied of Taiwan are in ATAM and Caribbean) Hu Sheng-cheng (???), chairman of the Council for Economic Planning and Development, made the remarks one day after President Chen Shui-bian (???) returned from a nine-day visit to Paraguay and Costa Rica, his 10th visit to Latin America during his six years as president. Hu said the Development Fund under the Executive Yuan has appropriated a budget of NT$6 billion for this year, which will be used in the co-prosperity project, as well as in other international investment cooperation projects. He noted that local businesses that apply for assistance under the co-prosperity project can divide the assistance into two categories - loans and joint-ventures. He said a screening team under the Development Fund has received a number of applications, mainly from textile, optical disc and agriculture produce manufacturers, most of whom have applied for assistance in joint ventures. Hu said the screening process will be completed in two weeks at the earliest. President Chen unveiled the co-prosperity project during a visit to the nation's allies in Latin America last September. The project is aimed at helping local businesses investing in ROC allies in Central and South America and the Caribbean, cutting their investment risks by diversification. The Executive Yuan also formed a task force to promote the project, with Hu serving as its executive director. The budget comes from the Ministry of Foreign Affairs' International Cooperation and Development Fund and the Executive Yuan's Development Fund, which contributed NT$5 billion and NT$2.5 billion, respectively.