Tai­wan-Tur­key busi­ness as­so­ci­a­tion launched to pro­mote closer trade

The China Post - - LOCAL -

The Tai­wan-Tur­key Busi­ness As­so­ci­a­tion was es­tab­lished on Fri­day to pro­mote closer trade and in­dus­trial co­op­er­a­tion be­tween Tai­wan and Tur­key, ac­cord­ing to the as­so­ci­a­tion.

The group’s main ob­jec­tive is to in­crease Tai­wanese busi­nesses’ un­der­stand­ing of Tur­key’s history, cul­ture and trade en­vi­ron­ment and en­hance ties be­tween Tai­wanese com­pa­nies and Turk­ish busi­ness groups, Huang Mao-hsi­ung, head of the prepara­tory com­mit­tee of the as­so­ci­a­tion, said in a state­ment.

The as­so­ci­a­tion will also regularly or­ga­nize trade del­e­ga­tions to Tur­key to sur­vey the in­vest­ment en­vi­ron­ment there and host Turk­ish gov­ern­ment and pri­vate del­e­ga­tions in Tai­wan, Huang said.

Over 30 com­pa­nies and busi­ness groups are mem­bers of the as­so­ci­a­tion, in­clud­ing EVA Air- ways, the Tai­wan Ex­ter­nal Trade De­vel­op­ment Coun­cil, and Taishin In­ter­na­tional Bank.

Tur­key is a hub be­tween West Asia, Europe, the Mid­dle East and North Africa, and of­fers sig­nif­i­cant op­por­tu­ni­ties to Tai­wanese busi­nesses, Is­met Erikan, rep­re­sen­ta­tive of the Turk­ish Trade Of­fice in Taipei, said at the in­au­gu­ra­tion cer­e­mony of the as­so­ci­a­tion in Taipei.

Bi­lat­eral re­la­tions have im­proved, es­pe­cially in the area of tourism, since the in­clu­sion of Tai­wanese pass­port hold­ers to Tur­key’s e-visa sys­tem in 2013 and the launch of di­rect flights be­tween Is­tan­bul and Taipei in March this year, Erikan said.

“Soon, I hope that our bi­lat­eral trade vol­ume growth can reach dou­ble dig­its,” he said.

Trade be­tween Tai­wan and Tur­key reached US$1.87 bil­lion in 2014, up from US$1.19 bil­lion in 2004.

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