Paraguay first round FTA talks begin

Yingrid Ho, TAIPEI, Taiwan, The China Post

Led by Economics Minister Ho Mei-yueh, a team consisting of 14 officials yesterday started out for Paraguay for the first round of talks in relation to the free-trade agreement.

Scheduled to be executed within one year, the tree-trade pact with Taiwan’s only diplomatic ally in the South American region will serve as a stepping stone for local businesses to venture into more overseas markets.

Similarly, Taiwan will become a convenient pathway for Paraguay exports coming into Asia. According to the Ministry of Economic Affairs, on the agenda of the visit are topics concerning aid to Paraguay schools, small-and-medium enterprise, research centers, and cooperation schemes between the high-tech industries of the two nations.

During the talks, both parties will sign a temporary admissions carnet agreement, and exchange ideas over trade issues concerning tariffs, handicrafts and auto components and assembling.

Other than the officials from the Ministry of Economic Affairs, accompanying officials include representatives from the Ministry of Foreign Affairs, Council of Agriculture, and Taiwan External Trade Development Council.