Brunei and Taiwan forging closer ties

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TaiwanBrunei Economic Development Board (BEDB) last week met with the Taiwan Ministry of Economic Affairs (MOEA) in Taiwan and agreed to strengthen bilateral trade and economic cooperation.

According to The Brunei Times, the two parties agreed to establish a permanent “communications window” to facilitate the exchange of investment information, and to assist factories and companies from both sides in carrying out investment activities.

The BEDB visited green energy, pharmaceutical, and food processing factories in Taiwan, and hosted two investment seminars for Taiwan businesses interested in opportunities in Brunei. The MOEA invited the BEDB to host future seminars in Taiwan with executives from Brunei companies, who could speak about their activities and make their pitches to Taiwan investors directly.

On Wednesday, July 31, the Taiwan External Trade Development Council (TAITRA), Taiwan’s main trade promotion organisation, announced that it will lead two trade delegations to Brunei and participate in an exhibition there later this year with the aim of boosting Taiwan’s exports to Brunei. TAITRA said that Taiwan plans to use Brunei as a gateway to ASEAN and other Muslim markets.

TAITRA is currently planning to lead the two trade delegations in September. One of them will be exclusively for opportunities in the halal food sector. TAITRA will also lead several Taiwan companies from various industries to Brunei in October to take part in a commercial exhibition. TAITRA said in a statement that Brunei, as an emerging market rich in natural gas and oil, can be a stepping stone for Taiwan in the island’s efforts to join regional economic blocs, such as the Regional Comprehensive Economic Partnership and the Trans-Pacific Partnership Agreement.

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Reading Time: 1 minute

Brunei Economic Development Board (BEDB) last week met with the Taiwan Ministry of Economic Affairs (MOEA) in Taiwan and agreed to strengthen bilateral trade and economic cooperation.

Reading Time: 1 minute

TaiwanBrunei Economic Development Board (BEDB) last week met with the Taiwan Ministry of Economic Affairs (MOEA) in Taiwan and agreed to strengthen bilateral trade and economic cooperation.

According to The Brunei Times, the two parties agreed to establish a permanent “communications window” to facilitate the exchange of investment information, and to assist factories and companies from both sides in carrying out investment activities.

The BEDB visited green energy, pharmaceutical, and food processing factories in Taiwan, and hosted two investment seminars for Taiwan businesses interested in opportunities in Brunei. The MOEA invited the BEDB to host future seminars in Taiwan with executives from Brunei companies, who could speak about their activities and make their pitches to Taiwan investors directly.

On Wednesday, July 31, the Taiwan External Trade Development Council (TAITRA), Taiwan’s main trade promotion organisation, announced that it will lead two trade delegations to Brunei and participate in an exhibition there later this year with the aim of boosting Taiwan’s exports to Brunei. TAITRA said that Taiwan plans to use Brunei as a gateway to ASEAN and other Muslim markets.

TAITRA is currently planning to lead the two trade delegations in September. One of them will be exclusively for opportunities in the halal food sector. TAITRA will also lead several Taiwan companies from various industries to Brunei in October to take part in a commercial exhibition. TAITRA said in a statement that Brunei, as an emerging market rich in natural gas and oil, can be a stepping stone for Taiwan in the island’s efforts to join regional economic blocs, such as the Regional Comprehensive Economic Partnership and the Trans-Pacific Partnership Agreement.

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