Ambassadors and charge d'affaires from seven countries in Central America signed a cooperation agreement with the Taiwan Electrical & Electronics Manu-facturers Association (TEEMA, 電電公會) yesterday.
The signing ceremony was jointly presided over by Nicaraguan Ambassador to the Republic of China Luis A. Wang and the rotating chairman of the seven Central American countries' diplomatic corps, and TEEMA president Rock Hsu (
Under the agreement, both sides agreed to tap electrical, electronics, computer and communications industry markets on a mutually beneficial basis. Both sides will also tap investment and cooperation opportunities between the industries, and encourage both sides to organize groups for visits.
Wang said that the growth of the Central American market will create great opportunities for Taiwan-made electrical and electronics products.
Hsu said that the association has tentatively decided to organize a delegation to visit Central America in July to promote bilateral exchanges. The delegation will also explore the possibility of forming strategic alliances with local enterprises.
Also attending the signing ceremony were Costa Rican Ambassador Oscar Alvarez Araya, Salvadoran Ambassador Francisco Ricardo Santana Berrios, Guatemalan Ambassador Manuel Ernesto Galvez Coronado, Honduran Ambassador Margarita Duron de Galvez, Belize's Charge d'Affaires Charles Peyrefitte and Panamanian Ambassador Jose Antonio Dominguez.
Wu Wen-yea (
Wu expressed hope that both sides can promote friendship thr-ough such exchanges.
Taiwan's trade with the seven Central American nations totaled around US$510 million last year, with exports, mainly textiles and vehicle parts and components, accounting for about US$460 million. Imports consisted mainly of agricultural products, timber and scrap metal, and totaled about US$50 million.
TEEMA officials said that although trade opportunities for many products are still limited, Central America is actually virgin territory.
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