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  HOME | Latin America (Click here for more)

Paraguayan President Ends Visit to Taiwan with Increased Ties

TAIPEI – Paraguayan President Horacio Cartes ended on Friday his official visit to Taiwan, where he increased bilateral cooperation and political ties.

Taiwanese President Ma Ying-jeou and Cartes have signed a joint statement reflecting Taiwan’s commitment to bilateral cooperation and Paraguay’s diplomatic support on the international stage.

The accord also opens new fields of cooperation, including the creation of special warehouse areas that will allow both countries to become logistic centers of distribution for their respective products in Asia and Latin America.

Following recent legal and economic changes in Paraguay, Cartes has many reasons to present Paraguay as an attractive investment option and not only as a beneficiary of aid, Foreign Minister Eladio Loizaga told Efe.

He added that Taiwan’s technology sector had sufficient capacity to invest in his country and create jobs

During his visit, Cartes also met one of the main directors of the Taiwanese computer giant Asustek, which has now started manufacturing smart phones and tablets.

Several Taiwanese banks have expressed their availability to support entrepreneurs who want to invest in Paraguay.

Paraguay, according to its Economy Minister, Gustavo Leite, seeks investment in electronic consumer products and cooperation in the marketing of soy and beef in Asia.

To advance these and other projects a meeting was fixed in November, and Taiwan will send a large business delegation in February 2015.

 

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