Memo #
7367
INSTITUTE LETTER TO TREASURY ON MARKET ACCESS AND INVESTMENT RESTRICTIONS IN TAIWAN
|
Print
October 26, 1995
TO: INTERNATIONAL COMMITTEE No. 33-95
RE: INSTITUTE LETTER TO TREASURY ON MARKET ACCESS AND
INVESTMENT RESTRICTIONS IN TAIWAN
______________________________________________________________________________
Treasury Department officials will meet with Taiwanese representatives during the week of
October 23 in connection with on-going negotiations over Taiwans accession to the WTO. Last week,
the Institute sent the attached letter to Treasury Department officials about the legal and practical barriers
that make it impossible for US money managers to gain meaningful entry into Taiwan s domestic mutual
fund market or sell US mutual funds in Taiwan. The letter also describes the problems created for US
mutual funds by Taiwans investment restrictions. The Institutes letter urges Treasury officials to
express the strong interest of the US mutual fund industry in elimination of these barriers.
We will keep you informed of developments.
Mary S. Podesta
Associate Counsel - International
Attachment