IMPROVING TIES:The Ministry of Economic Affairs has arranged three more business trips involving business owners, e-commerce firms and renewable energy developers
Date: Dec 05, 2015
By: Lisa Wang / Staff reporter
Taiwan yesterday signed three memorandums of understanding (MOU) with the Philippines as part of ongoing efforts to push for an economic cooperation agreement between the two nations, the Ministry of Economic Affairs said.
The announcement came after trade representatives from Taiwan and the Philippines wrapped up a two-day annual ministerial meeting in Manila. The meeting was headed by Minister of Economic Affairs John Deng (鄧振中) and Philippine Cabinet Secretary Jose Rene Almendras.
The two sides took a step toward signing the economic cooperation agreement by forming a joint task force to promote mutual economic cooperation, the ministry said in a statement.
Under the MOU, the two nations are to pursue cooperation between Taiwan’s export processing zones and the special economic zones in the Philippines’ Subic Bay and Clark, as well as enhancing collaborations in e-commerce, according to the statement. [FULL STORY]