President: Bilateral Investment Agreement with the United Kingdom – News

President Tsai Ing-wen (right) meets with British Secretary of State for Trade Policy Greg Hands at the President’s Office in Taipei on Wednesday. (Image: CNA)

Taipei – Nov 09, 2022. Taiwan hopes to cooperate with the UK in signing a bilateral investment agreement. This was stated by President Tsai Ing-wen (蔡英文) on Wednesday in a meeting with British Trade Minister Greg Hands.

“Our goal is to strengthen mutually beneficial economic and trade exchanges,” Tsai said.

“We hope that our countries can work together to sign a bilateral investment agreement (BIA),” he added.

Tsai stressed at Wednesday’s meeting that Taiwan and Britain have deepened their partnerships in fields including technology, energy, economics and trade in recent years.

Facing the many challenges in the post-pandemic era, Taiwan hopes to work with Britain and other democratic nations to build more resilient global supply chains through technological cooperation, mutual investment and financial support, Tsai said.

At the same time, Tsai said, Taiwan is ready to leverage its competitive advantages in advanced semiconductor manufacturing to help the world optimize the reconfiguration of the semiconductor supply chain.

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