No investment protection deal on tap for China talks


TAIPEI — Taiwan and China will not sign an agreement that would help protect Taiwanese businessmen and their investments in China at the next round of formal talks between the two countries scheduled for Oct. 19-21 in China. “The two sides need more time for negotiations and will not be able to sign the agreement at the talks,” the Taipei-based Straits Exchange Foundation (SEF) said in a statement yesterday.

Negotiations on the pact have been deadlocked for months over anumber of issues on the investment protection pact, including how disputes would be arbitrated. Taiwan has pushed for an international arbitration mechanism while China has opposed the idea. While the investment pact will not be on the agenda, a nuclear safety pact will be signed by the two sides at the talks, which will be held in Tianjin, the SEF added.