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Delegation visits Russia to develop economic ties

DPP Secretary General Chang Chun-hsiung (張俊雄), who is also chairman of the Taiwan-Russia Association, on Thursday departed for Russia with a group of economic and trade delegates on a week-long business trip to promote bilateral economic and trade ties.

The delegation will visit Moscow and St. Petersburg and meet with business leaders from the economic, trade, technology and tourism sectors. The delegation is scheduled to return to Taiwan on Sept.11.

Prior to his departure, Chang said that "the economic and trade relations between Taiwan and Russia complement each other and there is big potential for growth. The delegation is expected to observe the development of the market there."

Russia's annual economic growth rate over the last three years has reached 6 percent and the country has performed well in other economic development indexes -- making Russia a potential new market for Taiwanese investment, Chang said.

Taiwan and Russia had just celebrated the 10th anniversary of de facto relations between the two countries in July. Taiwan's de facto representative office in Russia was established in July, 1993.

The two governments have also been engaging in negotiations to establish regular direct air transportation.

"There has been extensive interaction between the two countries over the past 10 years in the economic, trade, technology and cultural fields. Based on that foundation, the purpose of this visit is to strengthen existing interaction and create a win-win situation for both sides," Chang said.

In addition to meeting with Russian industrial representatives, Chang would also lead the delegation to attend the Taiwan-Russia cooperation forum held by the Taiwan-Russia Association and Russia's Institute for the Economy in Transition.

Members of the delegation include Wu Rong-I (吳榮義), president of the Taiwan Institute of Economic Research, and Chen Wu-hsiung (陳武雄), vice chairman of the Taiwan-Russia Association, as well as business leaders from the financial, technology, transportation and petroleum sectors.

Following his first visit to Vladivostok last September for the third APEC investment meeting, this is the second time Chang visits Russia for the purpose of boosting economic and trade relations.

The Taiwan-Russia Association is a non-profit organization founded in July last year to advocate the promotion of economic, trade, technology and cultural exchanges between the two countries.
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