Radio Taiwan International
Date: 2018-10-18

Taiwan and Paraguay plan to cooperate in US$150 million in investment. Pictured is

Taiwan and Paraguay plan to cooperate in US$150 million in investment. The two countries will sign a memorandum of understanding (MOU) by the end of the year at the earliest. That’s the word from Deputy Foreign Minister Jose Maria Liu on Thursday during a legislative hearing.

Liu’s comment came after the foreign ministry confirmed a day earlier that the two countries are pushing for a US$150 million investment proposal.

President of Paraguay Mario Abdo Benitez was on a state visit to Taiwan last week. Liu said Benitez, who took office in August, voiced his wish for Paraguay to deepen cooperation with Taiwan in investment, trade and public infrastructure.

Paraguay and Taiwan have had diplomatic relations since 1957.    [SOURCE]