By: Ko Lin, Taiwan News, Staff Writer
Vice Minister of Economic Affairs Shen Jong-chin pointed out recently that
should the push for an Economic Cooperation Agreement (ECA) with the European Union (EU) go through, bilateral trade between Taiwan and Germany could be boosted significantly, including the import/export of cars and machinery.
During the 15th Taiwan-Germany Joint Business Council meeting hosted by the Chinese International Economic Cooperation Association (CIECA) on Thursday, Shen said the government is seeking the possibility of a trade pact between the two nations under the framework of “Industry 4.0: Taiwan-Germany – Automation and Smart Manufacture.”
“Germany has been Taiwan’s largest trading partner in Europe for 35 years, where bilateral trade has multiplied five-fold during this period,” he said. [FULL STORY]