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Published Date: 2021-11-18
Taiwan’s foreign
ministry signed a cooperation agreement with the Central American Bank for
Economic Integration (CABEI) on Thursday. The agreement establishes a trust
fund in Central America, and is aimed at deepening cooperation between Taiwan
and countries in the region.
The foreign
ministry says that every year until 2025, it will boost the trust fund with
US$1 million. The money will be distributed through CABEI to four countries in
Central America as financial aid. Those countries are Belize, Guatemala,
Honduras, and Nicaragua, all of which maintain official diplomatic relations
with Taiwan.
The foreign
ministry says the money will be used to promote balanced socio-economic
development in the spirit of the slogan “Taiwan can help.” It will also make it
easier for Taiwanese companies and consultants to participate in cooperation
projects, which will increase the visibility of Taiwanese industry in the
region. Enterprises will gain valuable information on Central American markets,
business opportunities, and investment trends, which will help them establish a
stronger presence in the region.