Nation likely to conclude assessment of trade pact with Taiwan next March.

By bne IntelliNews November 7, 2012
Taiwan is expected to conclude its assessment of signing an economic partnership agreement with Taiwan by March next year. As reported by Central News Agency English News, H. M. Leng, the Head of the Economic Division of the Taipei Economic and Cultural Office in Manila, stated that the various Taiwanese businessmen who are presently operating in China are expected to relocate their factories to the country, due to increasing labor costs and labor shortages in China. Taiwan has strong trade relations with the country, where Taiwan was the sixth-largest source of imports and its seventh-largest export destination last year.

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