10 Dec 2019
China Boosts Entitlements of Taiwan Residents and Businesses
China has announced 26 measures designed to enhance the rights of mainland-active Taiwan-based businesses, as well as the entitlements of mainland-based Taiwan residents.
Of these new measures, 13 are designed to ensure that Taiwan-based companies enjoy parity with mainland businesses when looking to invest in a range of commercial sectors, including the manufacture of high-tech equipment, 5G, the circular economy, civil aviation, theme parks and innovative financial institutions. This parity also applies with regard to securing finance, access to trade remedies, export credit insurance, import and export facilitation and the formulation of standards.
The remaining 13 measures focus on providing Taiwan residents with the same rights as their mainland counterparts, including consular protection, agricultural co-operation, transportation, telecommunications charges and property purchase entitlements. In an additional move, support is also to be provided for the establishment of cross-Strait youth employment and entrepreneurship hubs.
Full details of the new arrangements can be found in Several Measures for Further Promoting Cross-Strait Economic and Cultural Exchanges and Co-operation, as jointly signed-off by 20 mainland government departments, including the State Council’s Taiwan Affairs Office and the National Development and Reform Commission.
Source: State Council of China