Sep 05, 2017 Business & Finance Comments Off on TAITRA has US$3.5bn for New Southbound business aid
The Taiwan External Trade Development Council (TAITRA) says it will assist any Taiwanese businesses seeking financing in projects related to the New Southbound policy. The policy aims to strengthen Taiwan's cultural and economic ties with countries in Southeast Asia, South Asia, Australia and New Zealand.
The government has set up a strategic financing mechanism, with an initial allocation of US$3.5 billion. TAITRA director James Huang said TAITRA is willing to assist if Taiwanese companies find good investment targets in New Southbound countries or in Taiwan's diplomatic allies.
Huang said TAITRA has many overseas offices that can provide assistance. He said, "Recently, many Taiwanese businesspeople have consulted TAITRA about international marketing. They include businesses in traditional manufacturing, electronics, and green energy. We have tried to find them leads through our overseas offices and connections, such as good markets, marketing targets and channels. There's no problem in this area. We will definitely assist our businesspeople."
Source: Radio Taiwan International
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