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TAIPEI - TAIWAN has set up a company to speed up imports of advanced weapons that may otherwise be stalled by political wrangling and by fears abroad of upsetting China, officials said yesterday.
The new company, Taiwan Goal, with an investment of NT$1 billion (S$45 million), is funded by the Ministry of National Defence and state-owned firms such as China Steel and Chunghwa Telecom.
Foreign arms suppliers may be more willing to do business with a company than with Taiwan government officials, defence analysts said. Many foreign countries and companies fear that any formal contact with Taiwan's government will upset China.
'When you are an unofficial organisation, your actions are more flexible,' a Defence Ministry official said. 'We hope there are manufacturers who will work with us. There will be dealings overseas, though we do not know how successful they will be.'
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