Taiwan, Czech Republic ink MOUs on expanding business, technology cooperation

2020/09/02

Taiwan and the Czech Republic concluded three memoranda of understanding Aug. 31 in Taipei City, underscoring the commitment of both sides to deepening cooperation post-pandemic, according to the Ministry of Economic Affairs.
 
 Under a pact regarding artificial intelligence of things and smart city development, Taiwan’s Asia Silicon Valley Development Agency and the Czech Republic’s Science and Technology Advanced Region have agreed to jointly organize forums, online exhibitions and other activities that foster investment and explore global business opportunities.
 
 The other MOUs— encompassing innovative startups and smart machinery promotion, respectively—were signed by Taiwan’s Business Next Media Corp. and state-backed Precision Machinery Research and Development Center with the Czech-Taiwanese Business Chamber. The deals also promise to further information exchange and talent cultivation.
 
 All three pacts were inked during the Taiwan-Czech Republic Economic, Trade and Investment Forum in Taipei. Organized by the MOEA, the one-day event was attended by around 180 officials and business heavyweights from the two countries, including Minister of Economic Affairs Wang Mei-hua and Czech Republic Senate President Milos Vystrcil.
 
 A matchmaking session was staged later that day by the MOEA Bureau of Foreign Trade and Taiwan External Trade Development Council (TAITRA) for around 140 businesses from the two countries drawing from sectors spanning AI, data management and industrial automation.
 
 In addition, the MOEA said the Tourism Bureau under the Ministry of Transportation and Communications has invited the government of the Czech Republic to participate in Taiwan’s leading travel fair, providing more opportunities to promote tourism to the Eastern European country.
 
 Vystrcil is currently leading an 89-member delegation on a six-day visit of Taiwan. Events on his itinerary so far include a speech on freedom, democracy and bilateral economic cooperation at National Chengchi University in Taipei, a meeting with Minister of Culture Lee Yung-te and a visit to Taoyuan City-headquartered China Airlines.

Source: Taiwan Today (https://taiwantoday.tw/index.php)