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May 6, 1987

AN WANG SEEKS TO REDRESS US-TAIWAN TRADE WITH FORMATION OF INVESTMENT FUND

By CBR Staff Writer

A Taiwanese investment fund formed for the purpose of encouraging better trade relations between Taiwan and the US has been established by Wang Laboratories founder An Wang, reports Agence France Presse. The Golden Gate Development and Investment Fund will concentrate its cash on high-risk markets in the US. Dr Wang is hoping to raise $500m over the next two years for the fund. The general idea behind the operation is to reduce the trade imbalance between the two countries, which reached a daunting $13,650m – against the US – in 1986.

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