New York, Nov. 30 (CNA) Taiwan's deputy economics minister said Monday here that the government will properly handle issues related to the opening of Taiwan's flat panel industry to invest in China.
Huang Jung-chiou made the remarks on the sidelines of the opening of the 2009 Taiwan-US Green Energy & Technology Joint Conference in response to a call for the opening.
But Huang did not comment on whether the Ministry of Economic Affairs will reach an agreement for the opening in 2010 at an inter-ministerial meeting slated for late-December on review of the timing and scope for opening Taiwan's panel industry to invest in China.
Taiwan's contract manufacturers have very strong production capacity for small-and-medium size flat panel products and the products have gained a competitive edge in the global market, according to Huang.
Meanwhile, manufacturers of large size panels have set their sight on the flat panel television market, with the United States and Japan the two largest markets in the world. Demand for the products in China has been growing rapidly recently, Huang said.
Huang said that according to his observation, China is not willing to see the country overly rely on other countries for panel production, particularly Taiwan and South Korea. It therefore hopes Taiwan's panel manufacturers will invest in China.
"We'll keep a close eye on South Korea's move in China and properly address issues related to collaboration between Taiwan and China in panel production," he indicated.
Lou Qinjian, vice-minister of China's Ministry of Industry and Information Technology, urged Taiwan to open its panel industry to invest in China during a meeting in Taipei a few days ago and said that both sides have reached a consensus on the matter.
(By Hwang Jaw-ping and Y.L. Kao)
Source: etaiwannews.com/
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