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Taiwan's president calls for signing of investment treaty with EU

2017/11/09 21:36:22

President Tsai Ing-wen (蔡英文, CNA file photo)

Taipei, Nov. 9 (CNA) President Tsai Ing-wen (蔡英文) said Taiwan is hoping to sign a bilateral investment agreement (BIA) with the European Union (EU).

Tsai made her remarks during a meeting with the Belgium-Taiwan Parliamentary Friendship Group on Thursday.

Raising the issue while meeting with a Belgian Parliament delegation led by the group's co-chairmen, Peter Luykx and Georges Dallemagne, Tsai said Belgium could benefit from having the Taiwan-EU agreement, which could create greater business opportunities for both sides.

With Belgium being Taiwan's sixth-largest trading partner in the EU, the investment treaty could enhance bilateral exchanges in economic, trade and industrial cooperation, Tsai said, calling upon the visiting guests to support the signing of the BIA.

Tsai noted that there have been several visits of Belgium politicians to Taiwan in recent years, and that this year the delegation has seen the most Belgium parliamentarians visiting the country, indicating the European nation is Taiwan's good friend and long-term supporter.

The president also emphasized that two industries covered by her 5+2 Industrial Transformation Plan--green energy and biomedical industries-- are the same sectors that the government of Belgium places importance on, highlighting the opportunities for cooperation in these fields.

The plan is initiated by Tsai's administration to restructure the country's economy, while driving innovation, research and development.

The Belgium delegation was accompanied by the Deputy Foreign Minister Wu Chih-chung (吳志中) and Belgian Office in Taipei Director Rik Van Droogenbroeck.

(By Yeh Su-ping and Isabel Wang)