BEACON » Taiwan http://www.cosmizen.com Business Economy And Commerce Online News Fri, 11 Apr 2014 08:36:40 +0000 en-US hourly 1 http://wordpress.org/?v=3.8.2 Taiwan to Ease Visa Process to Promote Business with Hong Kong http://www.cosmizen.com/2010/09/taiwan-to-ease-visa-process-to-promote-business-with-hong-kong/ http://www.cosmizen.com/2010/09/taiwan-to-ease-visa-process-to-promote-business-with-hong-kong/#comments Mon, 13 Sep 2010 22:05:55 +0000 http://www.cosmizen.com/?p=1013 Continue reading]]> 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.

Toboc Trade News

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Vietnam Dismisses Taiwanese Charges on Chinese Goods http://www.cosmizen.com/2010/03/vietnam-dismisses-taiwanese-charges-on-chinese-goods/ http://www.cosmizen.com/2010/03/vietnam-dismisses-taiwanese-charges-on-chinese-goods/#comments Mon, 01 Mar 2010 14:33:19 +0000 http://www.cosmizen.com/?p=772 Continue reading]]> A Vietnamese trade representative to Taipei rebutted the allegations of dried day lily from China being routed through his country to bypass Taiwanese restrictions on Chinese agricultural products. His reaction came after the Taiwanese opposition, the Democratic Progressive Party (DPP) accused that dried day lilies arriving at Taiwan markets from Vietnam were from China as the imports were more than it actually produced.

Citing customs statistics, the DPP Legislator Pan Men-an said that 73,830 kg of dried day lily, purportedly from Vietnam, were imported into Taiwan in 2009, a 27 percent rise from the 58,108 kg that entered Taiwan’s market in 2008. Taiwan’s ban on the import of 830 Chinese agricultural products, including dried day lily is still in force though the FTA talks between both countries are at full swing.

Ho Quoc Phi, deputy head of the Vietnam Economic and Cultural Office in Taipei (VECO), told the CNA that the allegations had formed a major barrier to the import of Vietnamese goods into Taiwan. He further added he had already clarified the situation to Taiwan’s top agricultural authority.

The envoy informed that cases of smuggled Chinese farm produce being brought into Taiwan through Vietnam, including tea, cigarettes and garlic, in 1991, never got the Vietnamese certificates of origin. He claimed issuance of counterfeit certificates attracted severe punishments, and as a result of stringent actions against bootlegging by the end of 1994, no such cases were reported since then.

Pan had earlier alleged “A certificate of origin can be bought at the price of less than US$350.” However, according to Vietnamese authorities, the certificate of origin is not the only document required for the passage of goods but also importers’ transaction and transportation documents.

Ho urged the lawmakers to provide a copy of the counterfeit document to his office, so that its authenticity could be verified. He also agreed to run an investigation at his government’s cost provided the charge leveller involved was ready to meet the expenses of investigation if the allegations were found false.

Toboc Trade News

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