Taiwan, Czechia stage economic, technological consultations in Prague

2024/09/02

The seventh edition of the Taiwan-Czech Republic economic and technological consultations took place Aug. 27 in Prague, with the two sides prioritizing discussions on trade policies and economic security and supply chain cooperation.
 
According to the Ministry of Economic Affairs, the one-day meeting was convened by MOEA Deputy Minister Chen Chern-chyi and David Müller, director general of the European Union and Foreign Trade Section at the Czech Ministry of Industry and Trade.
 
The two sides reviewed progress in areas spanning trade and investment promotion, space technology and precision machinery. They also exchanged views on how to create more investment incentives and assist small and medium enterprises with supply chain collaboration.
 
The MOEA said Taiwan and the Czech Republic enjoy steadily expanding trade relations, citing recent positive developments including the opening of CzechInvest’s Taipei Office in June, the participation of Czech delegations in four Taiwan exhibitions this year to date and the Czech Pavilion set to feature at SEMICON Taiwan next month. Such robust exchanges are helping both sides strengthen their economic resilience and global competitiveness, the ministry added.
 
The latest statistics show that two-way trade grew 6.11 percent to US$1.22 billion in 2023, with information and communication technologies accounting for the largest share of Taiwan’s investment in the EU member state.
 

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