U.K. investment minister visits Taiwan to boost trade links

Graham Stuart (left) and President Tsai Ing-wen (蔡英文, right) (Photo courtesy of CNA, 2018.4.9)

Taipei, April 9 (CNA) Graham Stuart, minister for investment at the United Kingdom’s Department for International Trade, arrived in Taiwan Monday on a two-day visit to enhance bilateral collaboration on trade and investment.
During his visit, Stuart will announce a major new Taiwanese investment project in the U.K. and witness the signing of a memorandum of understanding between the U.K. and Taiwan on marine engineering in the offshore wind energy sector, according to the British Office in Taipei.

Taiwan’s Ministry of Foreign Affairs (MOFA) welcomed the U.K. minister’s first visit to Taiwan, which it said will help build a closer bilateral partnership.

During a meeting with Stuart at the Presidential Office that day, President Tsai Ing-wen (蔡英文) lauded Taiwan and the U.K. as important trade partners.

The U.K. is Taiwan’s third-largest trading partner in Europe, with bilateral trade of US$5.75 billion, according to MOFA data for 2017.

At annual bilateral trade talks concluded in London at the end of last year, both sides announced three new dialogue mechanisms in agriculture, renewable energy and financial services, she added.

Tsai noted that as the U.K. is looking for new trade opportunities after its exit from the European Union, Taiwan presents many opportunities for the U.K., which could further enhance bilateral relations.

Graham Stuart (left) and President Tsai Ing-wen (蔡英文, right)  (Photo courtesy of CNA, 2018.4.9)

Stuart has served as chair of the Education Select Committee of the House of Commons and as assistant government whip with responsibility for the Department of Health and later for the Treasury and the Ministry of Defense, according to the British Office Taipei.

In January, he was appointed to his current post, which involves promoting U.K. businesses overseas and encouraging foreign investment in the U.K., the office said.

(By Joseph Yeh)