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Taiwan: Time to increase cooperation with Europe: MOFA

Taiwan: Time to increase cooperation with Europe: MOFA

Now is a good time for European countries to increase their trade cooperation with Taiwanese firms, as government figures show that Taiwan is recovering from the worldwide economic recession, a Ministry of Foreign Affairs (MOFA) official said today.

Taiwan's economic growth has jumped from minus 1.87 percent in 2009 to an estimated 8.24 percent this year, representing a recovery of the country's business sector after the global financial crisis, Deputy Minister of Foreign Affairs Shen Lyu-shun said at an international forum that opened that day in Taipei.

In addition, the country has made various efforts, such as opening direct flights between Taiwan and China, as well as a recently opened Taipei-Tokyo route, making the country a more convenient place in terms of transport and business, Shen added.

The two-day forum, with the main topic of "Beyond BRICS; the Rise of Emerging Markets from Central Europe to Central Asia, " is aimed at providing Taiwanese companies with business opportunities in central European countries such as Bulgaria, Serbia, Romania and Croatia, according to the MOFA.

The BRIC countries refer to Brazil, Russia, India and China, which are deemed to all be at a similar stage of economic development.

Five major officials of the European Bank for Reconstruction and Development (EBRD) , including Vice President Varel Freeman, also attended the forum to introduce the bank's significant investment plans.

Taiwan has had a long-term relationship with the EBRD since the two sides established their first technical cooperation fund in 1991, Freeman said. The country has invested over US$30 million in about 211 joint projects to date.

The EBRD has invested in 29 countries in central Europe and central Asia.

Updated : 2021-06-17 03:22 GMT+08:00