TAIPEI – Honduran President Juan Orlando Hernandez met his Taiwanese counterpart Tsai Ing-wen on Monday and reaffirmed his commitment towards strengthening ties and economic cooperation with the island.
Hernandez was received with military honors in Taipei by Tsai, marking the start of his official visit to the country.
In a meeting later both Hernandez and Tsai reiterated their willingness to strengthen ties with special emphasis on seeking international support and intensifying economic cooperation.
After the meeting, a memorandum of understanding was signed to strengthen entrepreneurship cooperation between both countries, with Tsai and Hernandez signing a joint statement reaffirming the bilateral cooperation.
Tsai thanked Honduras for its support in Taiwan’s international endeavors including its attempts to join organizations such as the International Civil Aviation Organization, the United Nations Framework Convention on Climate Change and the World Health Organization.
Hernandez said his country is promoting macroeconomic development plans, expanding employment programs and entry into international markets, for which Taiwan’s timely and stable support on investments and intensification of trade is important.
He also praised Taiwan’s National Health Insurance program that he said could serve as a model for Honduras.
Hernandez will hold private meetings with major Taiwanese tycoons on Tuesday, aimed at presenting business opportunities offered by the Honduras 2020 national development program.
Honduras is particularly looking to attract investment in six key economic sectors: tourism, the maquila textile industry, wire harness manufacturing, BPO support services, agro-industry and housing.
Through the Honduras 2020 program, 600,000 jobs and $13 billion worth of investment is expected to be generated over a period of five years, according to Honduran delegation members.
Honduras is one of 22 countries – including 12 in Latin America and the Caribbean – to maintain diplomatic ties with Taiwan and not China.