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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.