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Taiwan's top economic planner wants closer cooperation with Japan
【Economics】2013-11-08  21:33:25
Taipei, Nov. 8 (CNA) The nation's top economic planner said Friday that Taiwan is dedicated to economic liberalization in a call for closer cooperation between Japanese and Taiwanese enterprises.

Kuan Chung-ming, chairman of the Council for Economic Planning and Development, said Asia is speeding up the process of economic integration, and Taiwan is working to keep up with the trend.

Kuan made the remarks while accepting the 2013 white paper from the Japanese Chamber of Commerce and Industry on behalf of Taiwan.

He urged the chamber to continue working for a bilateral economic cooperation agreement and a tax agreement to bring about a mutually beneficial relationship based on equality and reciprocity.

Speaking on Taiwan's efforts in removing trade barriers, Kuan touted the first stage promotion efforts of a free economic pilot zone in Kaohsiung which kicked off in August. The zone significantly eases restrictions on the flow of personnel and goods, he said.

The zone includes smart logistics, international medical care, value-added agriculture and other industries that are forward-looking or have export potential. Plans call for inclusion of financial services to attract more overseas funds.

Japanese businesses have reacted positively to the pilot zone, noting that dramatic easing of regulations and tax incentives will help Taiwan boost its competitiveness.

As part of a push for bilateral trade agreements, Taiwan signed an economic pact with Singapore Thursday. A pact with New Zealand was signed earlier in the year, and an agreement with China over trade in goods is in the works.

(By Lin Hui-chun and Lilian Wu)
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