on September 13, 2010 by admin in
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In a bid to boost trade ties with Hong Kong, Taiwan plans to simplify procedures for visa issuance for Hong Kong citizens in the near future, the Mainland Affairs Council Chairwoman Lai Shin-yuan said on Monday. Lai expressed this at a meeting with the visiting highest ranking official from Hong Kong, John Tsang – Financial Secretary and honorary member of Hong Kong council.
During a meeting in Taipei to promote economic and cultural co-operation between Taiwan and Hong Kong Lai told civilian exchanges between Taiwan and Hong Kong had largely contributed to lay firm foundation for economic co-operation between the two sides. While Tsang who was on a four-day visit to Taiwan for the first bilateral talks said there should be more such high level exchanges to strengthen the ties.
Both countries are understood to have agreed to co-operate further in the areas of air transport, double taxation avoidance, tourism, health, culture and education. The meeting between the top officials from both sides is regarded as a major step forward in thawing of China-Taiwan relations. The meeting was part of the deal which Taiwan signed with mainland China in June.
Hong Kong is Taiwan’s fourth-largest trade partner, and two-way trade and the number of travelers between the two sides are expected to reach $38.8bn and 3mn respectively. The number of China-based Taiwanese businesses listed on the Hong Kong Stock Exchange has reached 60, and some leading Taiwanese companies now consider Hong Kong as the main place for raising business capital.
Lai pointed out that to lay emphasis on promoting civilian exchanges between the two sides, the government last year relaxed employment restrictions on Hong Kong students, allowing them to enroll in graduate programs after graduating from local universities, and also began extending the duration of stay on visas for Hong Kong-based Chinese citizens visiting Taiwan. However, she admitted there were still some areas which require special attention to extract full result out of the trade ties with Hong Kong.
Lai was of the opinion that an announcement would be made soon on simplification of visa procedures for Hong Kong visitors. Besides Tsang, the meeting was also attended by Taiwan-Hong Kong Economic and Cultural Co-operation Council (ECCC) Chairman Lin Chen-kuo and its Hong Kong counterpart, the Hong Kong-Taiwan Economic and Cultural Co-operation and Promotion Council (ECCPC) Lee Y.
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on September 13, 2010 by admin in
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An analysis on investments in Ghana finds that an old law is restricting foreign investments to that country as it prescribes unreasonable minimum investment limit while leaving out domestic ones from the legal periphery. The business entities mainly run by… Continue reading
on September 13, 2010 by admin in
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Despite relative success of reaping decent harvest after the worst violence interfered with the first of the two crops of the year in June, the farmers in Southern Kyrgyzstan are at the crossroads for finding buyers for their produce. As… Continue reading
on September 13, 2010 by admin in
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The Dubai Chamber of Commerce and Industry in its latest release said that the firms within Dubai’s free zones had traded $30.5bn worth of exports and re-exports last year to register a whopping 40.7 percent growth in 2009. Thus proving… Continue reading
on September 11, 2010 by admin in
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The dolphin trading by one of the Solomon Islands’ exporter has not gone well with a leading animal right organization. Solomons dolphin activist Lawrence Makili who is the Earth Island Institute’s Pacific Regional Director has told AAP that despite the… Continue reading
on September 11, 2010 by admin in
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The Thai Chamber of Commerce (TCC) has suggested that the country should capitalize on business opportunities in South America, particularly Brazil as the Latin America leading economy is preparing to host 2014 World Cup and the 2016 Olympics. The TCC… Continue reading
on August 17, 2010 by admin in
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The Swiss President Doris Leuthard’s week-long visit to China is likely to make Switzerland once again a first mover from Europe to sign an FTA with China as it had established diplomatic ties 60 years ago. The Swiss Embassy to… Continue reading
on August 13, 2010 by admin in
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The Philippines aims to become Asia’s next big gambling hub by building casinos and related entertainment zones across the country amid controversy. According to Philippine Amusement and Gaming Corporation (PAGCOR), an “Entertainment City” will come up in Manila to rival… Continue reading
on August 12, 2010 by admin in
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According to the recent data released by the Ministry of Agriculture, Livestock and Supply of Brazil indicate that the country’s exports to the Arab region have increased by leaps and bounds. Brazil’s agri-business has posted 40 percent growth in yearly… Continue reading
on August 11, 2010 by admin in
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More than 100 industrialists from the US are touring Columbia to identify potential areas of trade, and maximize their business prospects under the new regime before it is too late as the new president of Columbia is equi-distant in ideology… Continue reading
on August 11, 2010 by admin in
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The recent sanctions against Iran hammered out by the US and like-minded countries targeting energy and banking sectors have become more blatantly farcical when China resumed oil trade with Iran even after the embargo came into effect. Desperate moves by… Continue reading
on August 9, 2010 by admin in
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Renewed confidence in the African economic renaissance, most international airlines are on an expansion mode in the African continent to meet the growing demands of a prospective travel and freight market. The stupendous rebound of Africa from the global economic… Continue reading
on August 9, 2010 by admin in
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The Nationals’ leader Warren Truss revealed that a Coalition government at the centre would restore funding to exporters and appoint an ambassador for trade reforms and specialist trade representatives for Australia’s manufacturing and service Industries. An Abbott government would increase… Continue reading
on August 8, 2010 by admin in
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Turkey will join an economic bloc comprising of the Middle Eastern states such as Syria, Lebanon and Jordan ahead of the protracted accession to the EU. Last weekend, the four nations jointly agreed to follow up on creating a free… Continue reading
on August 2, 2010 by admin in
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The finding of a report on the UK tourism industry reveals that the tourism revenue of the country is set to rise by more than 60 percent to £188bn by 2020, and one of the main draws of the next… Continue reading
on July 30, 2010 by admin in
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The wraith of global meltdown is still resonating in some form or the other in most outsourcing dependent countries. The recent Cambodia garment workers’ strike turns out to be a perfect case in point to the premise. On Tuesday, the… Continue reading
on July 28, 2010 by admin in
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A Chinese trade expert in an interview to the Global Times, a Chinese newspaper and arm of People’s Daily told many Chinese companies had lost money while trading and investing in North Korea as the country often changed its policies.… Continue reading
on July 27, 2010 by admin in
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TransFair USA, a non-profit organization and a third-party certifier of Fair Trade (FT) products in the US has now launched FT-labelled vodka which ensures farmers from Bolivia to fetch commensurate earnings for their produce. The organization has added on Fair… Continue reading
on July 26, 2010 by admin in
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The Free Trade Agreement between Mercosur and Egypt is expected to label poultry in the sensitive category as the latter fears it may adversely impact the domestic industry. According to the Al-Masry Al-Youm, an Egyptian daily, Egypt has asked for… Continue reading
on July 20, 2010 by admin in
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The Finance Minister of Zimbabwe has announced that his country would import small change to stave off worsening currency problems. The day to day lives of the Zimbabweans have become difficult ever since the country experienced severe shortage of small… Continue reading
on July 19, 2010 by admin in
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The trade treaty signed on Sunday between Pakistan and Afghanistan has become a major embarrassment to the visiting US Secretary of State Hillary Clinton as the deal conspicuously disallows Indian exports to Afghanistan through Wagah border while permitting Afghani exports… Continue reading
on July 18, 2010 by admin in
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Turkish Foreign Minister’s one day visit to Portugal has culminated in the signing of a mutually beneficial partial visa exemption agreement. According to the deal, citizens of both countries who have special or service passports will be able to travel… Continue reading
on July 15, 2010 by admin in
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The Viet Nam Ambassador to Myanmar feels that Myanmar has all the trappings of providing big returns for investments ranging from mining, forestry management, agriculture and aquaculture to telecommunication, tourism and health-care services. Myanmar had a population of 56mn, and… Continue reading
on July 15, 2010 by admin in
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A high profile delegation headed by the Prime Minister of Kuwait Sheikh Nasser Al Mohammed will begin its tour of South America on Wednesday. The three-week trip to nine countries including Antigua and Barbuda, Cuba, Brazil, Argentina, Chile and Mexico… Continue reading
on July 12, 2010 by admin in
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The East African Common Market (EACM) which came into force on July 1 is expected reduce prices of household items as the new ‘competitive’ market environment will trigger some price shake-up on many consumables. Though the EACM may take almost… Continue reading