Taiwan chooses Turkey as strategic investment partner

Today’s Zaman - The Taiwan External Trade Development Council (TAITRA) has chosen Turkey as a strategic investment partner for critical long-term investments because the nation's future is more promising than that of European countries, Patty Yen, TAITRA's Turkey director, said Saturday.

According to Yen, a Taiwan-Turkey Trade Fair to be attended by approximately 30 leading Taiwanese companies will be held in September. “During their visit, the companies will assess investment and trade opportunities with Turkey,” she said, adding that though Taiwanese companies have focused on China for the past decade, they are looking to expand into new markets -- and that Turkey is on the top of their list. “So far, the largest firm that has invested in Turkey is Asus, as the company does part of its production here and provides employment to 150 workers."

TECO Electric and Machinery -- a Taiwanese conglomerate involved in electric motors and appliances as well as other sectors worldwide -- was the first to act upon mutual calls in both countries for strategic partnerships and signed a business agreement with Turkish company Dalgakiran, a manufacturer of compressors.

Yen said that while mutual investments are expected to rise this year, the introduction of Turkish products to Taiwan is key for trade growth. She recommended that Turkish businesses become more involved in trade fairs in Taiwan, noting that Turkey’s Minister of Economy Zafer Caglayan had recently visited the country and promoted Turkish businesses and their products at a fair.

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