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U.K. rep expects trade talks with Taiwan this year

U.K. rep expects trade talks with Taiwan this year

U.K. rep expects trade talks with Taiwan this year

U.K. Representative to Taiwan Chris Wood said in a recent meeting with the media that he expects the U.K. and Taiwan to hold trade talks this summer or fall to increase exchanges in the areas of market and regulations.

In the meeting with the media to share the current status and outlook of Taiwan-U.K. relations, Wood said he expects the U.K. and Taiwan’s new government and legislature to establish close exchanges with regard to important bilateral issues.

Noting that the U.K. and Taiwan have had ongoing exchanges in all aspects between the two countries, Wood said the two sides have kept high-level communications regarding topics of economy and trade, mentioning that high-level representatives of British finance and law service operators are expected to visit Taiwan in July.

Wood said that he expects the two countries to hold trade talks later this year, possibly this summer or fall, to increase exchanges in the areas of market and regulations.

According to British Office’s information, Taiwan is U.K.’s sixth largest trading partner in the Asia-Pacific region (next to China, Japan, Hong Kong, South Korea and Singapore), and 32nd largest market in the world.

Conversely, the U.K. is Taiwan’s 13rd largest importer in the world and third largest market in Europe.

These statistics testify the intensive trading between U.K. and Taiwan and prove that there will be more opportunities for cooperation between the two countries, Wood said.


Updated : 2020-12-03 03:50 GMT+08:00