New York, May 16 (CNA) Companies in North America have been showing greater interest in investing in Taiwan since the signing of the Economic Cooperation Framework Agreement (ECFA) between Taiwan and China, an official said Monday.
Tso Heng, director of the Center for Economic Deregulation and Innovation under the Council for Economic Planning and Development (CEPD), said many of the corporations he has visited on his current trip to the U.S. have expressed strong interest in investing in Taiwan.
The ECFA was welcomed by many of the corporations, said Tso, who is leading a delegation of business representatives from Taiwan's renewable energy sector.
For example, he said, Italian solar panel maker MX Solar is paying close attention to developments in the wake of the ECFA signing and is looking for possible investment opportunities in Taiwan.
CEPD Vice Chairman San Gee, who is leading a group of representatives from Taiwan's creative industry, said people at the MTV network think highly of Taiwan's human capital and technology in the entertainment industry and are interested in investing in Taiwan.
San said with the ECFA in place, there is no limit on the number of Taiwan films that can enter China. This could give Taiwan an edge to attract foreign film investors, he added.
Meanwhile, CEPD Minister Christina Liu said the U.S.-based satellite messaging service provider Orbcomm has agreed to sign a memorandum of understanding with Taiwan on strategic alliances with companies such as Chunghwa Telecom and Evergreen Marine Corp., Taiwan's largest shipping company.
The Taiwan delegation of government officials and business representatives is on a five-day visit to the U.S. as part of the government's efforts to attract more overseas investments.
The delegation is scheduled to visit several corporations in New York, San Francisco, and Los Angeles to promote Taiwan's biomedicine, health care, and creative industries, as well as the sectors that deal with digital content, green energy, electric cars, high technology, and land development. (By Leaf Chiang and Ann Chen) enditem /pc