Recording Industry Foundation in Taiwan (Chinese: 財團法人台灣唱片出版事業基金會, RIT), also known as IFPI Taiwan, formerly IFPI Members Foundation in Taiwan (Chinese: 財團法人國際唱片業交流基金會), is the organization that represents the interests of the music industry in Taiwan, and a member of the International Federation of the Phonographic Industry (IFPI). The idea of establishing an IFPI branch in Taiwan was presented in a meeting of 200 representatives of the recording industry, government officials, and the communication industry in February 1986. This led to the organization of 11 domestic record companies in May of that year, and the official establishment of the IFPI Members Foundation in Taiwan on July 1, 1986, widely known by the name IFPI Taiwan. In August 1988, the National Library of Taiwan commissioned IFPI Taiwan with managing ISRC codes in Taiwan, which was assigned the "TW" country code. In November 2008, the organization was renamed as Recording Industry Foundation in Taiwan (RIT). More information...
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