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Taiwan eyes better cooperation with Europe

Staff writer |
President Ma Ying-jeou called on the EU to again negotiate an economic cooperation agreement with Taiwan.

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The nation has always aimed to enhance its economic and trade relations with the EU, which is currently the nation's largest source of foreign investment and one of its major trading partners, Ma told a group of visiting Irish parliamentarians, led by Ireland Taiwan Parliamentary Friendship Society chairman John McGuinness.

Citing a feasibility study by a Danish think tank, Ma said a Taiwan-EU economic cooperation agreement would help boost bilateral trade by more than 10 billion euros ($13.6 billion) per year. So far, the European Parliament has adopted more than 10 resolutions.

Ma expressed his appreciation to the Irish members of the European Parliament for their support for Taiwan and urged the Irish government to continue to help promote Taiwan's goal of signing an economic agreement with the EU. He also congratulated Ireland on its exit from the EU-IMF bailout, which signaled an improvement in the Irish economy. He proposed that the two sides negotiate an agreement on double taxation avoidance to protect their investors.

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