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 the Office for Foreign Investors of Wallonia Region,
hereinafter referred to as the OFI.
It is the desire of IDIC and OFI to create favourable conditions
for residents and companies of the private sector of Taiwan and
Wallonia Region in Belgium to make investment in both places for
greater economic cooperation.
Therefore, it is agreed between the IDIC, represented by its Di-
rector General, Mr. Ricky Y. S. Kao, and OFI, represented by its
Director General, Mr. Ren'e DELCOMMINETTE, and in anticipation
of resolutions to be passed by IDIC and OFI to finally ratify t-
his agreement that:
1.IDIC and OFI will each take necessary steps to exchange infor-
mation on the investment environment and incentives for the p-
otential investors of both sides. They will notify each other
about this information.
2.IDIC and OFI will take necessary steps to improve business co-
nditions and to offer facilities of favourable conditions the-
mselves. They will promote and assist potential investors from
the other side to utilize those facilities.
3.IDIC and OFI will encourage and assist the firms of the other
party to set up production facilities, distribution centers,
service facilities and technological cooperation. They will a-
ssist the investors from the other side to file investment ap-
plications or other necessary details and to provide them with
other services after the application is approved.
4.IDIC and OFI will take notice to extend cooperation and assis-
tance to potential investors recommended by the other party.
5.IDIC and OFI will form a working committee to meet on a regul-
ar basis. The committee should be comprised of personnel assi-
gned by both parties to work alternately in Taiwan and in Wal-
lonia Region for suitable periods to enhance the cooperative
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 ex-
clusively the result of a private business initiative, and ID-
IC and OFI do not take any legal responsibility in this regard
SIGN IN TAIPEI ON SEPTEMBER 23, 1993
Ricky Y. S. KAO Ren'e DELCOMMINETTE
for the Industrial Development for the Office for Foreign
& Investment Center, ROC Investors of Wallonia Region,