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‘Taiwan Desk’ set up in Yangon, Myanmar to boost investments

The nation is currently Taiwan’s 64th largest trading partner..

‘Taiwan Desk’ set up in Yangon, Myanmar to boost investments

(CNA photo)

TAIPEI (Taiwan News) - A new "Taiwan Desk" has been set up at the Taipei Economic and Cultural Office in Yangon, Myanmar by the nation’s Ministry of Economic Affairs (MOEA) to facilitate Taiwan’s private investment in the country.

The move was part of the government’s “New Southbound Policy,” which seeks to strengthen Taiwan’s trade and economic ties with countries in South and Southeast Asia.

The desk will provide professional consultations on legal, tax, labor, and environmental protection affairs to help Taiwanese business people invest in the country, the MOEA said.

The ministry currently has five investment offices in the region, including Indonesia, Vietnam, the Philippines, Thailand, and Myanmar.

The "Taiwan Desk" in Myanmar will work in coordination with the executive unit of the accounting firm KPMG, to help Taiwanese businesses obtain investment information, the ministry said.

Myanmar is currently Taiwan’s 64th largest trading partner. According to government data, Taiwan- Myanmar bilateral trade totaled US$ 281 million in 2016, marking a 4.24 percent increase from the previous year. The Myanmar government opened the country’s market to direct trade and investment with Taiwan in 2013.