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Taiwan, Philippines ink IP rights MOU

Posted: 20 Nov 2007 ?? ?Print Version ?Bookmark and Share

Keywords:IP protection? intellectual property? Taiwan-Philippine cooperation?

Taiwan Minister of Economic Affairs Steve Chen and his counterpart in the Philippines, Peter Favila, have signed a memorandum of understanding (MOU) on cooperation on intellectual property (IP) protection, according to a report from Taipei Times.

Under the MOU, signed at the end of a two-day bilateral economic conference in Manila on Nov. 17, both parties agreed to cooperate on protecting IP rights and exchanging of information and personnel.

According to the report, Philippine negotiators, recognizing Taiwan's know-how in the field of information technology, asked help with training IC designers and encouraging Taiwan high-tech companies to increase investments in the country.

Besides the Subic Bay freeport zone in the Philippines, which houses several Taiwan companies, Chen said the Philippines encouraged Taiwan businesses to set up factories at the Clark Special Zone, north of Manila.

In order to increase Taiwan investments in the country, Chen disclosed that the Philippine government agreed to give tax breaks to Taiwan high-tech companies for six to eight years. The Philippine government also agreed to grant staff and executives of Taiwan companies 90-day visas in addition to their work permits.

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