EBRD opportunities talks to be held
A European Bank for Reconstruction and Development (EBRD) business opportunities briefing is expected to be held this September in Taipei to attract more Taiwanese investment, the Ministry of Foreign Affairs ( MOFA) announced yesterday.
Michael Hsu ( ), directorgeneral of MOFA’s Department of International Organizations, said the EBRD is going to hold the event on Sept. 8 at Shangri-La’s Far Eastern Plaza Hotel in Taipei.
The major difference with similar events held by the EBRD in Taiwan before is that similar events in the past were only concerned with one topic.
This time, the briefing is expected to introduce potential Taiwanese businesses and companies to possible business opportunities on several different continents and in various different fields, he noted.
The briefing is scheduled to introduce business opportunities from several countries in Asia, Europe, Africa that the EBRD has operations in in various different fields, such as infrastructure, green energy, the communications industry and the agricultural business, he added.
It is expected to better inform Taiwanese companies who wish to have an overall understanding of the EBRD’s operations in each of the selected countries and what kind of business opportunities are available for potential investors, Hsu said.
The EBRD is an international financial institution founded in 1991. Headquartered in London, the EBRD is owned by 65 countries and two EU institutions and supports development in 37 countries from central Europe to central Asia.
As a multilateral developmental investment bank, the EBRD uses investment as a tool to build market economies.
Taiwan has been cooperating with the EBRD since the bank was established in 1991, contributing to the EBRD Balkan Region Special Fund, the Mongolia Cooperation Fund, the Early Transition Countries Fund and the Sustainable Energy Initiative.
As of December 2014, Taiwan and the EBRD have been working or had worked on 271 joint projects, among them 121 involving multiple countries.
Such cooperation has created US$530 million worth of business opportunities over the past three years for Taiwanese companies, according to MOFA.
As part of the ongoing cooperation, president of the EBRD Suma Chakrabarti, visited Taiwan this March to enhance links between the bank and Taiwan.