Taiwan
and Japan are close to signing a historic pact that would see the island open
up to Japanese firms, media said, as one official reported "big
progress" in recent talks.
The deal, aimed at promoting and protecting
two-way investment, will mark one of the biggest breakthroughs in Taiwan-Japan
ties since Tokyo switched recognition to Beijing in 1972, Taiwan media said on
Wednesday.
Japanese companies will be given the same
rights as local firms so they can invest in Taiwan without the restrictions
imposed on other foreign companies and vice versa, according to the
Taipei-based United Daily News.
The pact will also pave the way for Taiwan and
Japan to sign a broader free trade agreement in the future, the paper said.
The de facto Japanese embassy in Taiwan
confirmed that there has been "big progress" in the planned deal, but
did not elaborate.
The two sides reportedly will sign the
agreement as soon as Thursday when Mitsuo Ohashi, the head of Interchange
Association Japan, is due arrive in Taipei for a visit.
The association handles unofficial ties with
Taiwan in the absence of formal diplomatic relations.
Taiwan has been pushing for closer trade ties
with Japan, particularly following the signing of a major trade pact with China
last year.
Japan is Taiwan's second largest trade partner
after China.
AFP
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