EBRD op­por­tu­ni­ties talks to be held

The China Post - - TAIWAN BUSINESS - BY JOSEPH YEH

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.

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