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Published Date: 2019-06-20
President Tsai Ing-wen has highlighted the growth of Taiwan’s economic ties with South American ally Paraguay. Tsai met Thursday with Paraguay’s Minister of Industry and Commerce, Liz Cramer.
During the meeting, Tsai said that there are around 4000 Taiwanese businesspeople in Paraguay, with combined investments in the country worth over US$100 million. She also spoke about the results brought about by a bilateral economic cooperation agreement that entered into force last year. Tsai said that Paraguayan exports to Taiwan between January and May went up 90% over the same period last year.
Tsai also said that Taiwan’s economics minister is due to lead a delegation to Paraguay next month and hold a meeting on bilateral economic cooperation. She said she hopes for closer investment relations between Taiwan and Paraguay, and that Taiwanese businesses will use Paraguay as a launch pad for breaking into the broader South American market.
Tsai said Cramer’s visit to Taiwan shows the importance Paraguay places on furthering economic ties with Taiwan. She said Taiwan will continue working with Paraguay to expand cooperation and exchanges in all areas.