Korea, Taiwan start investment treaty talks

South Korea has begun talks with Taiwan on an investment treaty for the first time since diplomatic relations were broken 20 years ago, the foreign ministry said on Friday.

The first round of talks was held in Taiwan in late June, a spokesman told AFP, adding the schedule for the second round has not been decided yet.

Yonhap news agency and Chosun Ilbo newspaper reported that the second round would be held in Seoul in October. The treaty would help protect private investment.

Seoul switched diplomatic ties from Taiwan to China in 1992, but maintains close trade and civil ties with the self-ruled island. Two-way trade was worth $32.9 billion (S$41.6 billion) last year.

http://www.straitstimes.com/BreakingNews/Money/Story/STIStory_819331.html

 

Category: Taiwan