Taiwan and the Philippines try to develop a so called Subic-Clark-Kaohsiung Corridor. Taiwan is located north of the Philippines, with the Taiwanese city Kaohsiung in the South. Subic-Clark-Tarlac Expressway is the longest toll expressway of the Philippines.
PNA reports via TradingMarkets.com that the Philippines and Taiwan held the 16th Republic of Philippines-Taiwan Joint Economic Conference (JEC), read here.
Four trade and investment agreements were signed:
- The Memorandum of Understanding (MOU) on Philippine-Taiwan Cooperation on Industrial Technology Development;
- MOU on SME Food Development;
- MOU on Intellectual Property Cooperation;
- and MOU on Standardization and Conformity Assessment for Electronic Products.
According to the Taiwan News it was also announced that ATA carnet systems will be activated June 15 between Taiwan and the Philippines to facilitate temporary imports to each other’s country. The ATA carnet operations will be implemented only for cooperation in the intellectual property area, officials of the Taiwan Ministry of Economic Affairs told, read here.
In 2007 the two countries also signed a MOU on IPR, see here.
