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| "Industrial Cooperation" refers to an obligation imposed on a foreign contractor under a government procurement project to undertake certain industrial or commercial activities such as local investment, local procurement, technology transfer, etc. Such obligation is particularly common in procurement project concerning national defense, transportation and power generation. |
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| Taiwan’s ICPs are implemented pursuant to the "Economic Revitalization Program – An Action Plan for the Promotion of Private Investment", which was approved during the 2338th Meeting of the Executive Yuan in 1993. The ultimate goals of implementing ICPs are to promote Taiwan as an R&D hub in the Asia-Pacific region, and to upgrade Taiwan’s general economic competitiveness in global markets. |
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Copyright © 2007 Industrial Cooperation Program
6F, 18 Chang An E. Rd. Sec. 1, Taipei, 104, Taiwan, R.O.C. 886-2-25818292 886-2-25818290 |
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