By: Liao Yu-yang and William Yen
Taipei, May 28 (CNA) Taiwan and Austria signed a memorandum of understanding (MOU)
Monday to encourage investment cooperation between the two countries, according to a statement issued by the Ministry of Economic Affairs (MOEA).
According to a statement issued by the Bureau of Foreign Trade (BOFT), the MOU is aimed at promoting industrial business clusters, including integration of the semiconductor, automobile and biotechnology industries between Taiwan and Austria.
Although the MOU is not limited to any specific industry, it will start with conducting information exchanges and other activities, starting with industries in which both Taiwan and Austria are currently interested, including machinery and smart cities.
The MOU was signed after a fourth economic and trade dialogue between the two sides that covered multiple topics, including industry 4.0, new ventures and smart cities, the BOFT statement said, adding that Austria also shared its experience in digital transformation. [FULL STORY]