The following excerpt was taken from an article published in Taiwan News on January 15, 2010. To read the article in its entirety, please click here.
Taipei, Jan. 15 (CNA) Vice President Vincent Siew said Friday that the government will continue to promote investment in Guatemala and that a proposed investment by a major Taiwanese business group could greatly benefit the Central American country.Siew, in a meeting with a delegation led by Guatemala Economics Minister Ruben Morales Monroy, noted that since the two countries signed a free trade agreement (FTA) in 2006, Guatemala exports to Taiwan have increased significantly.
Expressing the hope that the trend will continue so as to help Guatemela’s economic growth, Siew said, however, Taiwan investment in the country is still not high.
“But Taiwan will continue to promote this aspect,” Siew said. The Formosa Plastics Group is interested in investing in Guatemala, and the if plan goes through, it will be of great benefit to the Central American country, he added.
To read the rest of the article, please click here. To read more about the Guatemalan Economy, click here.
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