William Tsai, of the Taipei Economic and Cultural Office (TECO) in Manila, said the meeting will be held on Monday at Dusit Thani Hotel, organized by the TECO and Taiwan External Trade Development Council (TAITRA).
Walter Yeh, TAITRA executive vice president, expressed hope that the trade mission will enable Taiwanese firms to establish local contacts for possible setting up of businesses.
"On business, we only consider that markets meet demands and the domestic potential of the domestic market, that's most important," Yeh told The Star during a recent visit in Taichung, Taiwan.
TECO and TAITRA executives said the mission hopes to allow Filipino traders to meet with Taiwan businessmen involved in franchising of food, cofffee and tea, and hand tools.
The one-day affair will be attended by 28 Taiwan business groups, who want to see the potential of establishing businesses in the country.
From the Philippines, the TAITRA will also be going to Indonesia which Taiwan also sees as a booming market for its wide range of products and services.
Yeh said Taiwan sees more business deals with the Philippine because it has "growing"domestic market.
In a recent visit by The Star in Kaoshiung province, TAITRA president Yuen Chuan Chao, said Taiwan sees the Philippines as a major export partner and it hopes to pursue further business and economic ties in next years despite the one-China policy of the Philippine government.
Chao said the Philippines is the second largest market for Taiwan with US $5.6-million revenues in 2011.
Chao said the Taiwan is seeing the Philippines a major export-import partner of its products which range from bolts, nuts, screws and other industrial products. Chao told The Star that trade with Manila “increased tremendously” in the recent years.
Taiwan boasts of having a developed industry for machinery, automobile parts, semiconductors and IT products among others.
“We see that Philippines will be our target market in Asia. We hope we can introduce more investment in the Philippines because your population… of course, your people are very hard working and encouraging…,” he added.
The Filipino market is good for Taiwan’s investors to “supply parts and accessory.” “I do think we encourage more and more investor to Philippines,” Chao added.-The Philippine Star (October 02, 2012 04:06PM)
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