TAITRA signs trade MOU with US state Rhode Is­land

The China Post - - TAIWAN BUSINESS - BY ENRU LIN

Tai­wan Ex­ter­nal Trade De­vel­op­ment Coun­cil ( TAITRA, ), Tai­wan’s main trade pro­mo­tion body, signed an agree­ment with the Rhode Is­land Com­merce Cor­po­ra­tion yesterday to deepen co­op­er­a­tion in trade and in­vest­ment de­vel­op­ment.

The Rhode Is­land Com­merce Cor­po­ra­tion is a quasi-public agency that serves as the of­fi­cial eco­nomic de­vel­op­ment or­ga­ni­za­tion for the state of Rhode Is­land in the United States. Rhode Is­land is the U.S.’ small­est state by area and is lo­cated on the north­east coast, Mas­sachusetts.

Wal­ter Yeh ( ), ex­ec­u­tive vice pres­i­dent of TAITRA, said that terms of its mem­o­ran­dum of un­der­stand­ing (MOU) in­clude bring­ing Rhode Is­land busi­nesses into Tai­wan-based trade ex­hi­bi­tions and con­ven­tions.

“Rhode Is­land’s food in­dus­try is very com­pet­i­tive — they could use Food Taipei to ex­pand into the Tai­wanese mar­ket as well as into Asia as clients from neigh­bor­ing coun­tries at­tend,” Yeh said.

“In ad­di­tion, their yacht in­dus­try is very com­pet­i­tive. The Tai­wan In­ter­na­tional Boat Ex­hi­bi­tion in Greater Kaoh­si­ung this year saw 13 in­ter­na­tional brands from coun­tries like Eng­land, France and Switzer­land.”

TAITRA would also welcome Rhode Is­land to es­tab­lish a trade cen­ter in Tai­wan, he said.

The U.S. trade mis­sion, led by the Rhode Is­land’s Sec­re­tary of Com­merce Ste­fan Pryor, will be in Tai­wan from Aug. 23 to 26.

In 2014, bi­lat­eral trade with Rhode Is­land was val­ued at over US$150 mil­lion, ac­cord­ing to TAITRA.

Tai­wan shipped about US$59.7 mil­lion worth in ex­ports last year, mainly in ma­chin­ery and parts, op­to­elec­tron­ics and med­i­cal equip­ment, while im­port­ing about US$90.82 mil­lion in pearls, pre­cious stones, glass prod­ucts and other high-end prod­ucts from the U.S. state.

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