EU Investment Forum to be held in Taipei late October

09/28/2022 08:46 PM
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Deputy Minister of Economic Affairs Chen Chern-chyi (left) and EETO head Filip Grzegorzewski. Source: EETO
Deputy Minister of Economic Affairs Chen Chern-chyi (left) and EETO head Filip Grzegorzewski. Source: EETO's Facebook page @euintaiwan

Taipei, Sept. 28 (CNA) The third edition of the EU Investment Forum will be held in Taipei next month, focusing on opportunities in sustainable industries in the European Union, the main organizer said Wednesday.

The one-day event, scheduled for Oct. 25 in Taipei, will include a series of discussions on how Taiwan and the EU can collaborate to build a sustainable future, the European Economic and Trade Office (EETO) said.

Kerstin Jorna, director-general of the European Commission's Department of Internal Market, Industry, Entrepreneurship and SMEs (GROW), will give a keynote address on the "European Green Deal: A transition towards climate neutrality, circular and competitive economy," the EETO said.

Other participants will provide information about the investment environment, regulations, and policies in the EU, as they relate to different industries in different nations, the EETO said.

President Tsai Ing-wen (蔡英文), Economics Minister Wang Mei-hua (王美花) and other top Taiwan government officials are scheduled to attend the opening ceremony, according to the EETO.

At a press conference Wednesday, EETO head Filip Grzegorzewski said the EU has resources such as professional workers, top academic and research institutes, and excellent infrastructure.

It would be in the interest of Taiwanese companies to invest in the EU's 27 member nations and thus benefit from the bloc's single market, he said.

As the biggest investor in Taiwan, the EU has "a commitment to Taiwan" and sees the island as a "like-minded partner" and "a fellow democracy" that values the rule of law, Grzegorzewski said.

"We want to see Taiwan grow; we want to see Taiwan develop. We want Taiwan to internationalize... We want Taiwan to be part of the international community," he said.

Amid global challenges such as supply chain disruptions and energy crises, Taiwan and the EU will be "better off" if they work together and share experiences, Grzegorzewski added.

Meanwhile, Taiwan's Deputy Economics Minister Chen Chern-chyi (陳正祺) said at the press conference that the Taiwan government maintains a policy to "help Taiwanese businesses connect internationally."

"We encourage our companies to form and to integrate into European supply chains to become trusted and reliable partners of Europe," Chen said.

Apart from the EU Investment Forum, the EETO said, it is also planning to organize two other business events next month. The first one will be held Oct. 4 in Taoyuan, featuring the electric vehicle industry, while the other is scheduled for Oct. 8 in Kaohsiung and will focus on the information and communication technology industry.

According to EETO data for 2020, EU companies invested a total of US$48.8 billion in Taiwan, accounting for 25.7 percent of the total foreign direct investment in the country, while Taiwan's foreign direct investment in the EU was about US$7.3 billion.

(By Teng Pei-ju)


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