Premier urges overseas Taiwanese businesses to promote Taiwan worldwide

  • Date: 2016-07-18
  • Source: Office of Information Services, Executive Yuan
<p>Premier Lin welcomes WTCC delegates.jpg</p>

Premier  Lin  Chuan  received  delegates  from  the  World  Taiwanese  Chambers  of  Commerce  (WTCC)  today  at  the  Executive  Yuan,  calling  on  the  overseas  business  leaders  to  develop  new  markets  for  Taiwan  and  promote  the  nation’s  economic  interests  worldwide.

In  the  absence  of  diplomatic  ties  with  many  countries,  Taiwan’s  government  often  relies  on  overseas  Taiwanese  business  networks  to  help  organize  official  activities  or  meetings  abroad,  Lin  pointed  out.  As  for  the  government’s  efforts  to  expand  international  trade,  these  networks  can  also  lobby  foreign  governments  to  sign  multilateral  or  bilateral  investment  agreements  with  Taiwan,  consolidating  Taiwan’s  economic  relations  with  these  countries.

In  an  increasingly  globalized  world,  different  nations  face  different  economic  challenges,  Lin  said.  Taiwan’s  economic  development  has  come  to  a  bottleneck  with  insufficient  investment  and  industrial  transformation  problems.  Taiwan  must  integrate  its  economy  with  the  rest  of  the  world,  capitalize  on  its  manufacturing  advantages,  and  improve  its  distribution  and  branding  strategies.  The  WTCC  can  work  with  local  businesses  to  expand  distribution  channels,  while  local  corporations  can  join  the  WTCC  to  pool  their  strengths  in  a  demonstration  of  Taiwan’s  economic  power.

Lin  urged  WTCC  delegates  to  maintain  close  contact  and  return  often  to  Taiwan  with  economic  advice  as  well  as  information  and  business  opportunities  from  abroad.  He  also  asked  delegates  to  help  strengthen  Taiwan’s  relations  with  their  host  countries,  build  mutual  economic  interests,  and  engage  in  cultural  exchanges  so  as  to  enhance  Taiwan’s  visibility  and  image  worldwide.

Established  in  1994,  the  WTCC  has  189  chapters  in  73  countries  and  territories  (including  Hong  Kong  and  Macau),  the  Overseas  Community  Affairs  Council  said.  Among  its  contributions,  the  WTCC  has  improved  the  welfare  of  Taiwanese  businesspeople  abroad,  supported  economic  growth  at  home,  promoted  economic  diplomacy,  and  developed  new  markets  for  Taiwan.  

The  WTCC  has  also  helped  Taiwan  expand  its  global  trade  market  by  meeting  with  top  government  officials,  parliamentarians,  think  tanks,  and  political  and  business  figures  in  Washington  D.C.,  the  European  Union,  and  six  members  of  the  Association  of  Southeast  Asian  Nations.  Furthermore,  it  assists  Taiwan  in  signing  economic  cooperation  agreements  with  many  countries  and  supports  Taiwan’s  membership  bid  in  the  Trans-Pacific  Partnership  and  the  Regional  Comprehensive  Economic  Partnership.