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Us Taiwan Bilateral Investment Agreement

samedi, décembre 19, 2020

Taiwan does not have a sovereign wealth fund. Taiwania Capital Management Company, a partially state-funded investment firm, was established in October 2017 to encourage investment in innovative industries and other targets. In December 2018, Taiwania raised $350 million for two funds invested in IOT and biotech industries. Real estate interests are defended in Taiwan and it has a reliable registration system for mortgages and mortgages. Taiwanese law protects the land use rights of indigenous peoples. Taiwan`s land law provided that forests, fishing, hunting grounds, salt fields, mineral resources, water sources and land in fortified and military areas, as well as adjacent national borders, cannot be surrendered or leased to foreigners. On the basis of the Operating Regulations of the Ministry of the Interior (MOI) for foreigners to acquire land rights in Taiwan, foreigners from countries that grant the same land rights to Taiwan residents will be allowed to acquire or establish the same rights in Taiwan. In May 2015, the Land Registry Act was passed to promote better land registration management. As in other asset classes, Taiwan has specific rules for the acquisition of real estate by investors in the PRC. The screening process allows Taiwanese regulators to match investments with conditions to reduce concerns about ownership, structure or other factors.

Screening may also include an assessment of the impact of proposed investments on the competitive landscape of a sector and the protection of the rights of local shareholders and workers. Screening is also used to detect investments with ambiguous sources of financing, particularly CPP capital. In order to monitor investments from the PRC in accordance with Taiwanese public law and sentiment, the Taiwan National Security Bureau has participated since April 2014 in each investment review conference, regardless of the size of the investment. Operations stalled in recent years have reflected the increased concentration of authorities on national security issues, beyond the industries on the negative list. The proposed changes to the main investment status would allow the authorities to apply political, social and cultural sensitivity considerations in their investment review process. Support for a BTA is also strong in Taiwan. President Tsai has often expressed his government`s willingness to sign a trade agreement and has been a regular talking point for officials, including Foreign Minister Joseph Wu and Taiwan`s new representative to the United States Hsiao Bi-khim. The BTA was also a central theme last month during the visit to Taiwan by U.S. Secretary of Health and Personnel Alex Azar.

protection of foreign investment in countries where investor rights are not yet protected by existing agreements (for example. B modern friendship, trade and navigation agreements or free trade agreements); Taiwan has gradually eased restrictions on investment from the PRC since 2009. Taiwan has opened more than two-thirds of its total industrial activities to CPP investors, 97% of which are manufacturing subsectors and 51% of the construction and services subsectors are open to CPP capital. PRC nationals are prohibited from working as Chief Executive Officer in a Taiwanese company, although a member of the PRC Executive Board may retain administrative control rights.

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