A trade mission from Taiwan will arrive in Guatemala on May 14th, led by Carlos Liao, director of the Central American Trade Office (CATO), headquartered in Taipei, an agency that promotes mutual investments of American businessmen and Taiwanese firms, reported Prensalibre.com.
The delegates represent the companies Chemmer Enterprise (founded in 1979, dedicated to the production of glue and adhesives), Amko Group (leader in the promotion of LED illumination and intelligent control systems),and Tai Shin plastics, established in 1970 and with over 30 years experience in manufacturing molds for plastics.
In 2011, the amount of bilateral trade reached $176 million, an increase of 14.7% compared with 2010. Both countries have an FTA that came into effect on July 1st, 2006.
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Four Taiwanese industrial companies are investigating sites to set up plants in Central America, preferably in Guatemala, Honduras and El Salvador.
"Businesses are looking at free zones to establish their operations in Central America and distribute to other countries", said Carlos Liao, director of Central American Trade Office in Taipei, Taiwan.
A trade show featuring companies from the Asian island will take place from 14th to 17th March in Tegucigalpa.
Some 26 Taiwanese companies will attend the 2012 Taiwan Trade Expo in the Honduran capital, at which they will present products such as industrial equipment, machinery, hardware and technology accessories to business owners and the general public.
The Nicaraguan Taiwanese Business Chamber has signed an agreement with the Central American Trade Office in Taiwan to promote trade.
Prensalibre.com reports that "the agreement seeks to contribute to the promotion of the benefits of the Free Trade Agreement (FTA) between the two parties and provide a platform for continued cooperation on trade and investment."
The Taiwanese trade mission composed of coffee buyers were particularly interested in the consequences of the plague of rust on the grain supply.
From a press release issued by the Taiwanese Embassy in Guatemala:
In order to strengthen the economic ties between Guatemala and Taiwan, from February 27 to March 1 a Coffee Trade Mission will be visiting the country, organized by The Central American Trade Office (CATO) and chaired by Ambassador Carlos SC Liao. The trade mission will consist of nine Taiwanese coffee sector companies interested in seeking business opportunities and strategic coffee alliances in order to jointly explore the Asian market.