Taiwanese eye Africa as investment destination amid marginalization
12/11/2020 06:59 PM
CNA photo Dec. 11, 2020
Taipei, Dec. 11 (CNA) Taiwan's Chinese International Economic Cooperation Association (CIECA) on Friday encouraged Taiwanese companies to take advantage of free trade deals in Africa and explore investment opportunities on the continent amid Taiwan's continued isolation in regional trade blocs.
CIECA is a private business organization established in 2000 under the government's guidance. It is aimed at promoting cooperation between Taiwanese businessmen and their foreign counterparts.
"As markets in Europe, the United States and China are becoming saturated, Africa, a long-neglected market, is a potential investment destination for Taiwanese companies," Y.C. Tsai (蔡允中), director-general of the foreign ministry's Department of International Cooperation and Economic Affairs, said at a workshop.