Taiwan's Minister of Economic Affairs Shih Yen-shiang announced the mutual understanding at the Ministry of Economic Affairs' year-end press conference held in Taipei. The Minister noted that both countries had expressed an interest in signing an FTA to boost bilateral trades in the past.
“We are a trade-dependent economy, and it’s important to ensure our companies have free excess to global trade”.
Shih said It is understood that the working group idea was conceived during a recent trip to Israel by Vice Minister of Economic Affairs Huang Jung-chiou. Israel is highly interested about the economic prospects of the Asia-Pacific region and an FTA with Taiwan would help it seize opportunities in the region.
Taiwan, Israel to set up FTA working group
Taiwan and Israel had reached a consensus over the establishment of a working group to study the feasibility of signing a free-trade agreement (FTA) by 2013
00:00 ,27.12.2011
Taiwan, Israel to set up FTA working group
-
Found it useful? Share
-
Share on Facebook
-
Share on X
-
Share on LinkedIn
-
Share via Email
-
Share on WhatsApp
-
Print Article
Found it useful? Share
Related
10.12.2011
First ever TEU 8,000 vessel to call Ashdod port in early 2012
10.12.2011
November car import up 6%
10.12.2011
US business seek strengthened bilateral US Israel ties
10.12.2011
Easyfresh appoints Tiran Shipping as agents for Israel and Jordan
10.12.2011
Export Institute warns on exposure to Europe
10.12.2011
Agreement Signed to Expand the Financial Protocol with Vietnam to 250 Mil