Palau has appointed Acer Inc founder Stan Shih (施振榮) as a senior economic adviser, the StanShih Foundation said yesterday.
The foundation, which was established by Shih to help boost Taiwan’s long-term sustainability and competitiveness, in a statement said Shih yesterday received a senior economic adviser certificate from Palauan President Surangel Whipps Jr.
Shih led a delegation to Palau on Saturday to survey the investment environment of the island country, the foundation said.
Photo courtesy of the StanShih Foundation
On Sunday, the Palauan president accompanied Shih and the delegation to survey the country’s marine tourism industry, the foundation added.
Shih and Whipps also signed a memorandum of understanding on economic cooperation to take Taiwan’s successful business as a model to help Palau and start to push for a series of joint economic developments.
The foundation quoted Whipps as saying that he hoped Shih would employ his experiences in building a successful business to help enhance the country’s economy.
It quoted Shih as saying that as Palau is a diplomatic ally of Taiwan, the private sector should embrace efforts by Taipei to boost the prosperity of its allies.
As an island of technology, Taiwan can take advantage of its achievements in developing high-tech industries and running a tech ecosystem to advance the industrial development of its allies, Shih said.
Taiwan and Palau have been discussing economic cooperation in a wide range of areas such as medical care through the integration of Palau’s traditional medicine achievements and Chinese medicine research teams from Taiwan’s public and private sectors, he said.
Palau and Taiwan’s Lion Travel Service Co are discussing a plan to launch a premium tourism program on Palau’s Peleliu island, while the Pacific island nation’s 23m zero-carbon vessel Porrima 77 would enter the upscale diving and ecotourism sector through partnership with a Japanese company, he said.
Whipps is scheduled to travel to Taiwan in May and visit Kaohsiung, where the Porrima P111 vessel is being upgraded. He would also visit a wind energy development mill run by Taiwan-based high-tech company Wistron Corp, the foundation said.
Palau is one of 12 states that have diplomatic relations with Taipei.
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