Latest update December 11th, 2019 12:00 AM
Taiwan delegation seeks business opportunities in Manila
Manila, A delegation of 27 Taiwanese suppliers on Monday held talks with more than 150 potential foreign buyers and investors and 90 firms in Manila as part of a trip to explore business and trade opportunities in the Philippines.
The delegation organized by the Ministry of Economic Affairs and the Taiwan External Trade Development Council (TAITRA) is made up of representatives from the information and communications technology, automotive parts, clean energy, machinery, lighting, electric vehicle and electronics appliances industries.
Delegation head Chuang Suo-hang (???), TAITRA vice chairman, said efforts by the Philippine government to develop the local manufacturing sector provide many opportunities for Taiwanese businesses.
Chuang suggests that Taiwanese companies should view Southeast Asia as an extended market for domestic products rather than a production base, as the best way to generate economic growth in Taiwan.
Noting that there are about 200,000 Taiwanese businessmen in Southeast Asia, Chuang said Taiwan should collaborate with Taiwanese businesses in the region to develop product distribution and sales channels.
The delegation will organize a trade mission to visit Davao in the Philippines on Thursday before heading to Kuala Lumpur in Malaysia March 26.
Source: Focus Taiwan News Channel
