The British Chamber of Commerce in Taipei (BCCT) signed an agreement yesterday with the British Trade and Cultural Office to work toward promoting increased British investment in Taiwan. The BCCT said that the initiative includes a platform for connecting British companies with Taiwanese companies and British companies doing business in Taiwan.
The chamber has established six industry-specific committees covering financial services, education and culture, consumers and retail, healthcare, rail and infrastructure and tourism, it said.
“The agreement is a sign of strong business and cultural friendships between both sides. This new endeavor of BCCT will help businesses on both sides to engage and create mutually beneficial relationships,” BCCT chairman Ajay Kanwal said at the signing ceremony.
The agreement will reinforce the partnership between the BCCT and the British Trade and Cultural Office — which represents British interests in Taiwan in the absence of formal ties — as both organizations aim to assist small and medium British enterprises in Taiwan, Office Director Chris Wood said.
“I am confident that this initiative is an important step to boosting bilateral UK-Taiwan trade opportunities,” said Wood, who signed the deal on behalf of UK Trade and Investment, a British government agency that helps exporters and overseas companies.
British trade objectives include helping 50,000 small and medium enterprises export and generate ￡10 billion (US$16.58 billion) of business from high-value opportunities overseas by this year to next year, the chamber said.