1.Singed On September 23, 1993
Entered into force on September 23, 1993
This agreement is entered into between the Industrial Developme-
nt & Investment Center in Taipei, hereinafter referred to as the
IDIC, and FIOC-Flanders' Investment Office, hereinafter referred
to as FIOC.
It is the desire of IDIC and of FIOC to create favourable condi-
tions for residents and companies of the private sector of Taiw-
an and of Flanders in Belgium to make investment in both places
and, in this way, promoting greater economic cooperation.
Therefore, it is agreed between the IDIC, represented by its Di-
rector General, Mr. Ricky Y. S. Kao, and FIOC, represented by i-
ts Managing Director, Mrs. Josee G. M. MERCKEN, and in anticipa-
tion of resolutions to be passed by IDIC and FIOC to ratify the
1.IDIC and FIOC will each take the necessary steps to exchange
information on the investment environment and incentives for
the potential investors from both sides. They will notify each
other and potential investors about this information.
2.IDIC and FIOC will take the necessary steps to improve busine-
ss conditions and to offer facilities of favourable conditions
themselves. They will promote and assist potential investors
to utilize those facilities.
3.IDIC and FIOC will assist firms to set up production faciliti-
es, distribution centers, service facilities and technological
cooperation. They will assist the investors from the other si-
de to file investment applications or other necessary details
and to provide them with other services after the application
4.IDIC and FIOC will promote the visits of investment missions
between the two parties and take notice to extend cooperation
and assistance to potential investors recommended by the other
5.IDIC and FIOC will form a working committee to meet on a regu-
lar basis. The committee should be comprised of personnel ass-
igned by both parties to work alternately in Taiwan and in Fl-
anders in Belgium during suitable periods to enhance the coop-
erative relationship and technological interchange.
6.Both parties are fully aware of the fact that any decision ma-
de by residents and companies of the private sector from both
sides in favour of the said facilities mentioned above is exc-
lusively the result of a private business initiative, and IDIC
and FIOC do not take any legal responsibility in this regard.
SIGN IN TAIPEI ON SEPTEMBER 23, 1993
Ricky Y. S. KAO Josee G. M. MERCKEN
for the Industrial Development for FIOC-Flanders'
& Investment Center, ROC Investment Office, Belgium