Taiwan firms ink deals worth US$17 million with companies in 3 ROC allies

2017/09/11

A delegation of Taiwan meat and seafood importers signed deals totaling US$17.7 million on a recent tour of Honduras, Nicaragua and Paraguay, highlighting strengthening trade ties between the Republic of China (Taiwan) and the diplomatic allies, according to the Taiwan External Trade Development Council (TAITRA) Sept. 4.

Comprising seven firms, the TAITRA-led group conducted 58 procurement meetings during the Aug. 19 to Sept. 2 visits to the Central and South American countries. The participating companies concluded deals worth some US$4.1 million, US$8.6 million and US$5 million with counterparts in Honduras, Nicaragua and Paraguay, respectively.

In addition, TAITRA arranged meetings for the delegation with senior government and industry leaders including Paraguay President Horacio Cartes. The council also assisted the Taiwan firms in seeking out new supply chain partnerships and conducting tours of local business operations.

TAITRA Chairman James C. F. Huang said these exchanges are in line with the ROC government’s approach of steadfast diplomacy, which advances mutual assistance for mutual benefits. Taiwan’s concerted efforts to expand and diversify its trade ties will bolster the country’s economic development and deepen cooperation with partner nations around the world, he added.

Lee Sing-ying, director-general of the Department of International Cooperation and Economic Affairs under the ROC Ministry of Foreign Affairs, said the success of this delegation establishes a template for future groups to follow in enhancing business links with allied nations.

According to TAITRA, the tour formed part of its wider efforts to strengthen economic ties with ROC diplomatic allies in Central and South America. In August, the council staged Expo Taiwan 2017 events in Honduras and Nicaragua, with up to 30 Taiwan companies showcasing their products and services in such areas as bicycles, electronics, textiles and tires.

Source: Taiwan Today (http://taiwantoday.tw/news.php?unit=2&post=121203)