UK Trade Policy Minister visits Taiwan to attend bilateral trade talks
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The 21st UK-Taiwan annual trade talks, co-chaired by UK Trade Policy Minister George Hollingbery and Taiwan Vice Minister of Economic Affairs Mei-Hua Wang, were held in Taipei on 25 September. The talks focused on building stronger trade and investment links, resolving market access issues and celebrating the recent introduction of British pork products to the Taiwanese market.
During his visit to Taiwan, Minister Hollingbery also met with President Tsai Ing-wen, Minister of Economic Affairs Jong-Chin Shen and Minister of Foreign Affairs Joseph Wu to discuss Taiwan-UK trade relations and opportunities for growth, including in the financial services sector. The visit marked further development in the already close bilateral cooperation in finance, as Minister Hollingbery witnessed the signing of a memorandum of understanding between the British Office in Taipei and the Taiwan Financial Services Roundtable committing to close cooperation and promotion of our fintech sectors. Taiwan-UK bilateral trade rose to £5.75 billion in 2017, making Taiwan the UK’s eighth largest trading partner in the Asia Pacific region. Britain is currently the most popular destination for Taiwanese investors in Europe, accounting for 21% of Taiwan’s foreign direct investment in the region in 2017.
