Myanmar opens trade office in Taiwan in bid to boost ties
Myanmar opened its trade office in Taipei this Monday, a move that is expected to promote closer ties with Taiwan, the Ministry of Foreign Affairs (MOFA) announced yesterday.
In a statement, MOFA said the office, officially named the “Myanmar Trade Office, the Republic of the Union of Myanmar,” was opened in Taipei’s Nangang District.
Thet Lwin Oo, an official from Myanmar’s Ministry of Commerce, is the representative to the office, it noted.
The office will be responsible for promoting bilateral exchanges in trade, investment, business, transportation, tourism, culture, agriculture and animal husbandry, MOFA said.
MOFA welcomed the opening of the trade office, saying that the move is expected to enhance ties that will be beneficial for both sides. The ministry said it is looking forward to working closely with the office.
According to MOFA, the Myanmar government lifted its previous investment restrictions on Taiwanese businesses in January 2013. Myanmar’s Ministry of Commerce announced further policies to make it easier for Taiwanese businesses to export products to the country in April of the same year.
These moves have led to increasing bilateral trade and investment.
Bilateral trade for 2014 reached US$328 million, up 20 percent from 2013, MOFA said. The opening of the trade office is expected to further boost bilateral trade and overall relations, it added.
The trade office is located on the sixth floor of No. 188 Jingmao 2nd Rd., Nangang District. The phone number and fax number are: (02) 2789-2100#100 and (02) 2789-1670, respectively.
The Taiwan External Trade De- velopment Council (TAITRA), the nation’s major trade development organization, opened a trade office in Yangon, Myanmar, in November 2013. It was Taiwan’s first trade office in the country.
The office has since served as a platform for bilateral trade cooperation and helps Taiwanese companies explore business opportunities.
In April 2014, the Taiwan International Cooperation and Development Fund (ICDF,
) , a Foreign Ministry-funded nongovernmental organization responsible for international aid, also opened its first overseas office in Myanmar.
The opening of the office boosts Taiwan’s presence in the country and could facilitate bilateral cooperation the years to come.
The ICDF office is also offering assistance to help Myanmar’s government with rice cultivation and well as introducing photovoltaics, or solar energy, to Myanmar.