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New investment agreement expected to boost B.C.-Taiwan partnerships

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Canada accounted for 0.1 per cent of the foreign investment in Taiwan over the past 10 years

Last year’s signing of the Foreign Investment Promotion and Protection Agreement is expected to bring Canada and Taiwan closer in economic partnerships, according to experts.

She was among a host of officials and experts from Taiwan speaking late last month at a World Trade Centre Vancouver event. The conference zeroed in on business opportunities in Taiwan and how Canadian companies can capitalize on investment opportunities there following the signing of FIPA this past December.

“It is just the beginning because it takes time for both sides to digest and to get to know each other more.” “This suggests that Taiwan is not yet considered as a main supply source for Canada and the same situation applies the other way around,” said Yen. There are about 30 critical raw materials that Taiwan is highly dependent on China, and Canada has great potential to become Taiwan’s new partner in mineral supply, she added.

 

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New investment agreement expected to boost B.C.-Taiwan partnershipsCanada accounted for 0.1 per cent of the foreign investment in Taiwan over the past 10 years
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