Taiwan, Somaliland ink MOU

2023/08/02

Minister of Economic Affairs Wang Mei-hua and Mohamoud Hassan Saad, Somaliland’s minister of trade and tourism, signed a memorandum of understanding July 31 in Taipei to strengthen business and trade relations between the two countries, according to the Ministry of Economic Affairs.

There is great potential for cooperation between Taiwan and Somaliland, Wang said, citing the recent visit of business owners from Taiwan to the East African country to explore the fishing and mining industries. The minister added that the pact will serve as a solid foundation for reinforcing two-way ties and will enable both countries to promote trade, Wang said.

In response, Saad spoke of Taiwan’s achievements in trade and economy, which he regards as a role model for his country. The minister mentioned Somaliland’s excellent location and rich natural resources as he affirmed his position that the MOU will facilitate further, substantial exchange between the two sides.

MOEA said that the MOU is a new starting point for bilateral cooperation and declared its commitment to creating a win-win situation for both countries. 


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