Mon, Oct 09, 2006 - Page 12 News List

African business leaders to visit Taipei

CNA , WITH STAFF WRITER

The Taiwan External Trade Development Council (TAITRA, 外貿協會) has invited African business leaders to visit the nation next week to participate in a workshop aimed at boosting Taiwanese investment in and exports to Africa.

The workshop, slated for Friday in Taipei under the co-sponsorship of TAITRA and the Africa Taiwan Economic Forum (ATEF), is expected to bring together influential business leaders from South Africa, Nigeria, Swaziland, Malawi, Gambia, Burkina Faso and Sao Tome and Principe, and to provide Taiwanese investors with tips about investing in Africa.

Each of the seven African countries offers opportunities for trade and investment, with a combined population of 200 million people providing a potentially lucrative market for Taiwan's commerce, an ATEF official said.

However, the nation's trade and investment relationship with Africa is minute when compared with other regions in the world, the ATEF official said.

TAITRA officials said that labor-intensive or export-oriented manufacturing industries -- such as textile and garment manufacturing, footwear production, wood processing and canned food processing industries -- are suitable choices for Taiwanese businesses planning investment in Africa.

Meanwhile, they noted, the African business leaders are expected to gain a better understanding of purchasing and importing products made in Taiwan.

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