Europe Union in­vest­ment ac­cord good for the na­tion: Duh

The China Post - - LOCAL -

Duh Tyzz-jiun ( ) , min­is­ter of the Na­tional Devel­op­ment Coun­cil ( NDC, ), Thurs­day called for both Tai­wan and the Euro­pean Union to ex­pe­dite the process of sign­ing a bi­lat­eral in­vest­ment agree­ment (BIA).

Ad­dress­ing a con­fer­ence held by Tai­wan’s Bureau of For­eign Trade (BOFT) in Taipei aim­ing to boost busi­ness op­por­tu­ni­ties be­tween Tai­wan and the EU, Duh said that a BIA is ex­pected to strengthen eco­nomic ex­changes the two both sides by ex­pand­ing in­vest­ments and forg­ing industrial co­op­er­a­tion.

The NDC is the top eco­nomic plan­ning body in the gov­ern­ment.

Duh said that af­ter sign­ing a BIA, Tai­wan and the EU are ex­pected to im­prove the busi­ness en­vi­ron­ments for their in­vestors, a step which is ex­pected to ac­cel­er­ate in­vest­ment projects and cre­ate a win-win sit­u­a­tion for both.

Daniel Calleja Cre­spo, direc­tor- gen­eral for In­ter­nal Mar­ket, In­dus­try, En­trepreneur­ship and

closer Small- and Medium-sized En­ter­prises (SMEs) of the Euro­pean Com­mis­sion, at­tended the con­fer­ence. Calleja led a 58-mem­ber del­e­ga­tion or­ga­nized by rep­re­sen­ta­tives largely from in­for­ma­tion, elec­tron­ics and ma­chin­ery in­dus­tries to come to Taipei for a busi­ness trip.

Speak­ing to the guests from the EU, Duh said Tai­wan and the EU have a lot of SMEs, and hoped for more col­lab­o­ra­tion be­tween th­ese en­ter­prises in gen­er­at­ing busi­ness ven­tures.

The Tai­wanese of­fi­cial said that in late May Tai­wan joined the En­ter­prise Europe Net­work (EEN), which aims to help SMEs to make the most of busi­ness op­por­tu­ni­ties in the EU and be­yond.

He added that Tai­wan’s par­tic­i­pa­tion in the EEN is ex­pected to serve as a way to in­crease ex­changes be­tween SMEs in Tai­wan and Europe to bet­ter tackle chal­lenges in the global mar­ket.

Duh cited statis­tics com­piled by the In­vest­ment Com­mis­sion as say­ing that in­vest­ments made by Tai­wanese firms in the EU grew 169 per­cent ev­ery year on av­er­age dur­ing the 2010-2014 pe­riod and Tai­wanese in­vestors cre­ated more than 60,000 jobs in the EU in the past five years, in­di­cat­ing that Tai­wan and the EU have es­tab­lished close busi­ness ties.

Ac­cord­ing to BOFT, the EU is Tai­wan’s fifth largest trad­ing part­ner, only trail­ing China, the United States, Ja­pan and the As­so­ci­a­tion of Southeast Asian Na­tions, ad­di­tional ev­i­dence of the close eco­nomic re­la­tion­ship be­tween Tai­wan and the EU.

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