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Taiwan aims to bolster investment and trade with Paraguay: spokesman

2018/10/16 21:56:30

Taipei, Oct. 16 (CNA) Taiwan looks forward to strengthening relations with Paraguay and bolstering exchanges with the South American country in fields spanning investment, public infrastructure and trade, Ministry of Foreign Affairs (MOFA) spokesman Andrew Lee (李憲章) said Tuesday.

Lee's comments came in response to remarks by Paraguayan President Mario Abdo Benitez, who tweeted Monday that Taiwan has agreed to invest US$150 million in his country on public infrastructure and education.

Asked about the size of the investment, Lee said the figure was the direction in which the two sides aim to move, but added that implementation plans are still in the development stage.

Taiwan and Paraguay have pledged to enhance bilateral relations so they can become mutually beneficial strategic partners, he added.

Paraguay has had diplomatic relations with Taiwan since 1957 and is the nation's only ally in South America among 17 worldwide.

President Abdo Benitez was in Taiwan from Oct. 7 on a six-day state visit and also attended Double Ten National Day celebrations on Oct. 10.

During his visit, the two countries signed a joint statement that focused on promoting further cooperation in bilateral investment, trade and infrastructure until 2023.

(By Elain Hou and Ko Lin)