Alexa
  • Directory of Taiwan

France seeking more investment from Taiwan

France seeking more investment from Taiwan

Taipei, Sept. 22 (CNA) France has put a high priority on attracting more foreign investment from Asia, and Taiwan is one of the main target partners, France's new representative to Taiwan said at an investment seminar Tuesday. The seminar on investing in France was part of the French government's initiative to promote foreign investment from 50 target countries and territories, said Benoit Guidee, director of the French Office in Taipei. These include 10 from the Asia-Pacific region, said the office, which represents France's interests in Taiwan in the absence of bilateral diplomatic ties. France has taken several steps to improve its business and investment environment, including streamlining administrative procedures, setting up e-government services and pushing for tax reforms aimed at attracting more investors, said Guidee, who took up his post earlier this month. Speaking of the relations between Taiwan and France, he said France is one of Taiwan's major cooperation partners in culture, higher education and scientific research. Both sides are also working to advance cooperation in the area of innovation, he added. There are currently about 50 Taiwanese companies with investments in France, mostly in luxury goods and hotels and the electronics and logistics fields, he said. The number is quite low compared with South Korea and Japan's presence in France, he said, adding that there is still plenty of untapped potential for investment ties between Taiwan and France. At Tuesday's event, Pierre Moussy, economic counselor of the French Office in Taipei, also gave a briefing on France's investment environment. Advantages of investing in France include its geographic location at the heart of the world's largest market, the European Union, a productive workforce and an innovative economy, he said. France has also engaged in wide-ranging reforms to strengthen its competitiveness, including cuts in taxes for businesses by 2017 and measures to support innovation and investment. Representatives of Taiwanese companies that have invested in France were also invited to the seminar to share their experiences with potential Taiwanese investors. (By Elaine Hou)


Updated : 2021-08-06 08:48 GMT+08:00