By: Huang Chiao-wen and S.C. Chang
Taipei, Dec. 3 (CNA) Economics Minister John Deng (鄧振中) said on Thursday he will tell Philippine officials the following day at a bilateral ministerial meeting why signing an economic cooperation agreement (ECA) with Taiwan would be a mutually beneficial move.
Deng will depart for Manila Friday morning for the 21st economic cooperation meeting between the two countries during which both sides will discuss possible cooperation projects in e-commerce and recyclable energies.
Taiwanese investors used to balk at throwing big money into the Philippines because of its notorious power shortages and labor conditions.
Much improvement has been made in solving the electricity shortage issue, Deng said, as the southern neighbor has invested a lot in building new power plants, including those constructed by Taiwan’s Formosa Group. [FULL STORY]