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Taiwan plans to limit its dependence on China

Posted: 31 Mar 2006     Print Version  Bookmark and Share

Keywords:Peter Clarke  Taiwanese government  China 

Taiwan plans to require additional scrutiny of local companies' investments in mainland China where they are valued at more than Rs.442.50 crore ($100 million) or considered sensitive to the island's interests, according to an Associated Press report that referenced a government official as its source.

The Taiwan government has been encouraging local companies to invest in India and southeast Asia as alternative to China. It is thought that an extra level of scrutiny is being introduced to try and limit Taiwan's growing dependence on China, the report said.

Taiwan companies are already required to obtain approval from the island's Investment Commission for any investments they want to make in China. However, if a new regulation is adopted investments valued at more than Rs.442.50 crore ($100 million) would be subject to a "policy review," the report said, quoting Emile Chang, a deputy executive secretary of the Investment Commission.

What such reviews would focus on is not yet clear, the report quoted Chang saying. It added that under the regulations investment plans would require approval from the economics minister a possibly other ministers.

Under the present regime the Taiwan authorities have clashed with United Microelectronics Corp. (UMC), ruling that its tacit support for He Jian Technology Co. Ltd, wafer fab in mainland China, violated restrictions on investment. Taiwan's economics ministry fined UMC about Rs.68,58,750 ($155,000) in February 2006.

Details of the additional regulation are due to come before the Taiwan government for approval before the end of June, the report quoted Chang as saying.

- Peter Clarke
EE Times




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