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Article: As Taiwan Lifts Chinese Bans, Formosa Announces Mainland Projects. (Markets: Asia-Pacific).(Formosa Chemicals and Fiber)(Brief Article)(Statistical Data Included)
- Article from:
- Chemical Market Reporter
- Article date:
- December 3, 2001
- Author:
CopyrightCOPYRIGHT 2001 Schnell Publishing Company, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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FOLLOWING A loosening of several major trade restrictions, Taiwan's Ministry of Economic Affairs (MoEA) has made ambiguous moves regarding a proposed lift of the country's bans on investments in upstream petroleum and petrochemical products in mainland China.
As both Taiwan and the People's Republic of China prepare to enter the World Trade Organization on January 1, 2002, some analysts say that increased cooperation between the two nations is inevitable. The Taiwanese government has banned direct links with China since losing a civil war to the Communists in 1949, and the People's Republic has so far refused all reconciliatory gestures made by Taiwan president ...