Taiwan Today
Date: June 23, 2016
Taiwan, Brazil forge closer economic ties
A memorandum of understanding on expanding two-way economic exchanges was inked June
TAITRA President and CEO Peter W. J. Huang (left) and Fecomercio President Bruno Breithaupt celebrate the signing of a memorandum of understanding on expanding economic exchanges between Taiwan and Brazilian state Santa Catarina June 21 in Taipei City. (CNA)
21 in Taipei City by Taiwan External Trade Development Council (TAITRA) under the Ministry of Economic Affairs and Brazil’s Federation of Trade in Goods, Services and Tourism (Fecomercio).
The pact enables the island’s firms to access more opportunities spanning enterprise partnerships, industrial cooperation and trade in Fecomercio’s home state of Santa Catarina in southern Brazil. It also underscores the growing strength of bilateral ties between Taiwan and the largest economy in Latin America, where large-scale local enterprises like Acer Inc., AsusTek Computer Inc., Compal Electronics Inc. and Hon Hai Precision Industry Co. operate sales points or production bases.
TAITRA President and CEO Peter W. J. Huang said Santa Catarina is Brazil’s sixth biggest state in terms of economic output and boasts an array of industries ranging from information communications technology to textiles. “Partnering with Fecomercio makes sense as it is the most influential trade group in the state representing 70 industry groups comprising 46,000 companies.” [FULL STORY]
