This agreement is entered. into between Industrial Developmentand Investment Center, MOEA, Taiwan, R.O.C., hereinafter referr-ed to as the IDIC and the Gesellschaft fur internationale wirts-chaftliche Zusammenarbeit Baden – Wurttemberg mbH hereinafter r-eferred to as the GWZ.Preamble:It is the desire of IDIC and GWZ to create favourable conditionsfor residents and companies of the private sector of Taiwan andthe State Baden-Wurttemberg in Germany to make investments in b-oth places for greater economic cooperation.Therefore it is agreed between IDIC, represented by its DeputyDirector General, Mr. Mark K. N. TsengandThe GWZ, represented by its Chairman, Dr. Michael Hagenmeyer, a-nd in anticipation of resolutions to be passed by IDIC and GWZto finally ratify this agreement that:Agreement :1.IDIC and GWZ will each take necessary steps to exchange infor- mation on the-investment environment and incentives for the p- otential investors of both sides. They will notify each other and potential investors about this information.2.IDIC and GWZ will take necessary steps to improve business co- nditions and to offer facilities of favourable conditions the- mselves. They will promote and assist potential investors to utilize those facilities.3 IDIC and GWZ will respectively encourage and assist its firms to set up production facilities and associated trade-, exhibi- tion-, distribution-, or service facilities in the country of the other party. They will assist the investors from the other side to file investment applications or other necessary detai- ls and to provide them with other services after the applicat- ion is approved.4.IDIC and GWZ-agree that within this agreement both parties wi- ll promote GWZ’s concept to support companies from both busin- ess communities seeking investment opportunties. Then they wi- ll encourage the business communities of their countries to m- ake use of the existing air links.5.IDIC and GWZ will promote the visits of investment missions b- etween the two parties and take notice to extend cooperation and assistance to visitors recommended by the other party.6.IDIC and GWZ will form a working commitee to meet on a regular basis. The commitee should be comprised of personnel assigned by both parties to work alternately in Taiwan and in the State of Baden-Wurttemberg in Germany for suitable periods to enhan- ce the cooperative relationship and technical interchange.7.Both parties are fully aware of the fact that any decision ma- de by residents and companies of the private sector from both sides in favour of the said facilities mentioned above is exc- lusively the result of a private business initiative, and IDIC and GWZ do not take any legal responsibility in this regard.Signed in Taipei on November 23, 1990 [Signed]Mr. Mark K. N. Tseng Deputy Director General Industrial Developement and Investment Center, MOEA, IDIC Taiwan, R.O.C. [Signed]Dr. Michael Hagenmeyer Chairman Gesellschaft fur internationale wirtschaft- liche Zusammenarbeit Baden-Wurttemberg mbH [Signed]Mr. C. P. Chang Secretary General Euro-Asia Trade Organization
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