Aug 17, 2012

Taiwan - Minister hopes Taiwan, Philippines sign economic agreement soon

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Taipei, Aug. 16 (CNA) Economics Minister Shih Yen-shiang said Thursday that he hoped Taiwan and the Philippines could sign an economic cooperation agreement as soon as possible to enhance economic and trade cooperation between the two countries.

Shih said he hoped that the Philippines will continue to support Taiwan's efforts to strengthen cooperation with the member states of the Association of Southeast Asian Nations (ASEAN) to jointly help stabilize and prosper the region's economy, according to a ministry statement issued following the 22nd Taiwan-Philippines Joint Economic Conference, which opened earlier the same day.

As for future industrial cooperation between Taiwan and the Philippines, Shih pointed out the two sides are currently working on projects in the electric car industry.

Shih also urged the Philippines' Secretary of Trade and Industry Gregory Domingo, who attended the meeting, to seek common interests in industries, such as biotechnology, green energy and tourism industries.

Huang Chiao-wen and C.J. Lin



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